<The number of real estate establishments classified by the General Real Estate Authority has reached 119 real estate establishments since the launch of the real estate advertising controls and licensing standards for electronic real estate platforms on 2/9/2021, while the Partners Service Center received 245 real estate communications.
The advertising survey showed the seizure of 1673 violating advertisements, of which 473 violating advertisements were addressed, and the application of statutory procedures in other violations, while the number of real estate disputes considered in the Saudi Center for Real Estate Arbitration reached 47 real estate disputes, and this comes within the efforts of the Authority in following up the implementation of “real estate advertising controls” and “licensing standards for electronic real estate platforms and their classification”, as it had previously held workshops with electronic real estate platforms, and licensed two real estate platforms, in addition to 69 electronic real estate platforms in the licensing process.
The Authority received 4130 requests for the real estate advertiser service, including 717 requests for establishments, while the largest share was for individuals with 3413 requests for the service, while the number of registered beneficiaries of Aqari service reached 7267, and registered establishments 890 real estate establishments, and registered 505 authorizations, within Aqari services, which provides registration services, issuing licenses, and authorizations for real estate electronic platforms and individuals wishing to engage in real estate activities, register real estate advertisers, raise complaints, and follow up electronically.
It is noteworthy that these regulations come within the role of the General Authority for Real Estate in organizing, supervising and developing the non-governmental real estate sector, to enhance the governance of the sector, raise the efficiency of its performance, maintain its sustainability, serve partners, and raise the level of transparency of the sector in implementation of the comprehensive strategic plan for the real estate sector.
