The CEO of Public Authority for Real Estate Engineer Abdullah bin Saud Al-Hammad confirmed that <a style="color: #800000;" href="https://amlak.net. The off-plan sales and leasing system obliges practitioners to qualify their facilities and then license their projects before starting to advertise, display or market them, stressing the keenness of the General Authority for Real Estate to keep pace with the digital transformation in the real estate development sector by regulating the relationships between the parties to off-plan sales and leasing projects through an electronic platform where all operations related to the application of the system take place.

Advantages of the off-plan sale and rental system

Hammad explained that nthe off-plan sale and leasing system preserves rights, increases the reliability of controlling the relationship between project parties, and reduces real estate violations, pointing out that the main beneficiaries of the system are real estate developers, real estate brokers, real estate marketers and government and private sectors related to the marketing or display activity for real estate projects on the map.

Hammad pointed out that the main beneficiaries of the system are real estate developers, real estate brokers, real estate marketers and government and private sectors associated with the activity of marketing or displaying real estate projects on the map.

<The CEO of the Public Authority for Real Estate appreciated the Cabinet's approval of the <a style="color: #800000;" href="https://amlak.net., which was issued in September 2023, stressing that this decision comes as an extension of the unlimited support that the real estate development sector in the Kingdom finds from the wise leadership - may God protect it -.The system of selling and leasing off-plan projects is one of the most prominent organizational enablers to develop the real estate sector and its government, digitize its operations, and serve beneficiaries in line with the comprehensive strategy for the real estate sector, its initiatives and priorities, which aims to make the Saudi real estate sector a vital and attractive sector characterized by confidence and innovation, and make it a stable competitive environment that contributes to raising GDP and diversifying sources of income to achieve the objectives of the Kingdom's Vision 2023.

It is noteworthy that the system will be in force by the end of the current calendar year 2023, as the Authority will issue an executive regulation for the system that will be put out for consultation and then adopted to work accordingly.