<The Public Authority for Real Estate has released a draft of the Public Authority for Real Estate through a "survey" platform, with the aim of enabling the public, government entities and the private sector to express their views and comments on it.The procedural guide for the sale and leasing of real estate projects on the map through the “Explore” platform, in order to enable the public, government agencies and the private sector to express their views and observations on it before its approval, in accordance with Article 2 of the executive regulations of the system for the sale and leasing of real estate projects on the map, issued by the Board of Directors” decision No. (S/M/E/E/8/2024/T) dated 20/10/1445 AH.

The General Real Estate Authority (G.R.A.). <The Authority explained that the draft procedural guide <a href=“https://amlak.net.It includes fifty-five procedural documents that aim to regulate the sale and leasing activity on the map, raise the level of transparency and disclosure to ensure the protection of the rights of all parties to the contractual relationship, and aims through its application to govern the control and compliance work and automate all procedures for issuing licenses for them and the stages of their construction progress until completion, as an extension of the real estate legislation system supervised by the Authority and within the framework of the objectives of the comprehensive strategy of the real estate sector.

The Authority indicated that the draft procedural guide <a href=“_COPY is an extension of the real estate legislation system supervised by the Authority and comes within the framework of the objectives of its comprehensive strategy for the real estate sector. The Authority pointed out that the procedural guide for the sale and lease of off-plan real estate projects clarifies the real estate development journey for off-plan projects from qualification and registration of developers in the registration register and licensing of projects, through the stages of their implementation and mechanisms for dealing with escrow accounts to the completion and delivery of projects, and invited all interested public, government agencies and the private sector to review the guide on a survey platform and provide comments and suggestions on it.

The Authority stressed its keenness to ensure that the procedural guide for the sale and lease of off-plan real estate projects contributes to achieving the effectiveness of the real estate development sector with the off-plan sale and lease system, and increasing the supply of commercial, residential, industrial, tourism and other real estate products, which contributes to enhancing the confidence of customers and investors in the Saudi real estate sector.

The Authority stressed that the procedural guide for the sale and lease of off-plan real estate projects contributes to enhancing the confidence of customers and investors.

For details of the procedural guide for selling and leasing off-plan real estate projects click here