The General Authority for Real Estate called on those interested in starting real estate development works with the off-plan sale and leasing system in the Kingdom to apply for qualification and obtain the necessary licenses to practice the activity and comply with the controls, instructions and regulatory legislations that would regulate the real estate market and protect the rights of its dealers. In another context, The General Authority for Real Estate referred a violator to the competent authorities after it was proven that he violated the system of selling and leasing real estate projects on the map and started marketing and advertising the project before obtaining the necessary licenses.

Referred to the competent authorities after it was proven that he violated the system of selling and leasing real estate projects on the map and started marketing and advertising the project before obtaining the necessary licenses. The Authority explained that the system approved by the Council of Ministers No. 196 dated 1445/03/04 AH and announced in the Official Gazette stipulates that no real estate developer is entitled to practice the activity of selling and leasing real estate projects on the map or advertising them in local or foreign media, or holding exhibitions and inviting them, unless the real estate project is licensed by the General Authority for Real Estate.

The Authority stressed that it will notify the competent authorities after it was proven that he violated the system of selling and leasing off-plan real estate projects. It stressed that it will continue its efforts through its electronic and field monitoring teams to verify the regularity of real estate practitioners and the conformity of advertisements with regulatory requirements to ensure the provision of quality real estate services to beneficiaries and increase the transparency and reliability of the real estate market.