General Real Estate Authority has announced a variety of options for organizing real estate auctions, allowing interested parties to choose the most appropriate type based on the nature of the property and the purpose of the auction. This step aims to enhance transparency in the real estate market and regulate sales and leasing processes in a secure manner, while providing simple and accessible procedures for individuals and companies.

Details on Types of Real Estate Auctions

The General Real Estate Authority offers three types of auctions to meet the needs of various segments of the real estate market:

1️⃣ Private Real Estate Auction
This type is intended for completed properties and is conducted based on real estate market practices or through a licensed real estate broker.

2️⃣ Special Judicial Auction
This auction concerns properties subject to judicial rulings. It is organized in accordance with applicable legal procedures to ensure the rights of all parties.

3️⃣ Off-Plan Sale or Lease Auction
This auction is designed to market unfinished properties or future projects, whether for sale or lease, providing diverse investment opportunities for those wishing to benefit from new real estate projects.

Enhancing Transparency and Streamlining Procedures

The General Real Estate Authority has confirmed that this service aims to enhance transparency in the real estate market and regulate auction processes in a way that safeguards the rights of all parties involved, while streamlining procedures and providing a secure and reliable environment for sales and leasing transactions.

Ways to Contact the Authority and Use the Service

Those wishing to learn more about real estate auction services can contact the Authority through the following channels:

Visit the General Real Estate Authority’s official website here
Call the toll-free number 199011
Follow the Authority’s account on the “X” platform for the latest updates.