“Wafi allows online sales of ”under construction“ projects of the ”Residential“ program”

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<The off-plan sales and leasing program “Wafi” has launched the service of issuing off-plan sales licenses electronically for the projects of the “Residential” program of the Ministry of Housing, in cooperation with its strategic partner “Thiqa Business Services”. This license is an extension of other electronic services previously launched, such as the off-plan sales license issuance service, which was launched to enable real estate developers to sell real estate units before or during the construction phase (under construction) through an integrated electronic platform that enables beneficiaries to issue licenses without the need to visit the Wafi program headquarters, where the Wafi platform aims to facilitate and reduce the time of beneficiaries, which achieves the ministry's objectives and strategy, which is in line with the Kingdom Vision 2030, to support supply and enable demand, raise the rate of housing ownership and facilitate access to it with various options and high quality at an affordable price.

Wafi's platform aims to facilitate the sale of off-plan sales licenses. Nayef Al-Sharif, Secretary General of the Off-Map Sale Program, said that the service will enable real estate developers nominated to implement the Ministry of Housing projects to apply online on the platform and obtain an off-plan sale license after marketing and booking 50% or more units of the project to be licensed for early off-plan sale.

Developers can apply for an off-plan sale license after marketing and booking 50% or more units of the project to be licensed for early off-plan sale.

Real estate developers nominated for Ministry of Housing projects can benefit from the service by accessing the link wafi.housing.sa, submitting the application, uploading the necessary documents, and paying the costs of the license through SADAD system, where the application is fully reviewed by the program team and then the beneficiary can print the license after approval and use it directly without the need to visit the off-plan sales program headquarters in the Ministry of Housing.

The beneficiary can print the license after approval and use it directly without the need to visit the headquarters of the off-plan sales program in the Ministry of Housing. It is noteworthy that the Wafi program recently launched the Wafi application, which serves beneficiaries from developers and buyers by displaying licensed projects and introducing the mechanism of licenses of all types and introducing the events and the latest news of the program, and through the “Rasid” section of the application can report any violation of off-plan sales projects at any stage, whether selling, marketing or display.

Wafi application is also available through the “Rasid” section of the application.