Reviewing the achievements of the real estate brokerage system
In his opening speech at the Real Estate Brokerage Forum, the Director General of Strategic Communication and Official Spokesperson of the Authority, Tayseer bin Mohammed Al-Mafraj, reviewed the achievements of the Real Estate Brokerage System since its implementation until today, pointing out that the system has made a fundamental shift in the structure of the sector, moving brokerage to a licensed and regulated profession with defined tasks and obligations.During his opening remarks, Al-Mafraj explained that the system has made a fundamental shift in the structure of the sector by moving brokerage to a licensed profession governed by regulations and defined by tasks and obligations.
<Al-Mafraj explained that during the two years of the real estate brokerage system from (2023/07/18 - 2025/07/18), the Authority achieved many positive indicators in the brokerage sector, including the value of real estate transactions, which amounted to about 1.He pointed out that all these figures reflect the size of the Saudi real estate market and the confidence of the local and international investor.
These figures reflect the size of the Saudi real estate market and the confidence of the local and international investor.
The spokesperson stressed that the value of real estate transactions reached about SAR 1 trillion as a result of more than 8 million real estate transactions, and the number of licensees to practice brokerage activity reached more than 86 thousand licensees. For their part, the speakers in the first panel discussion, which discussed “Legislative Updates and Enabling Opportunities in the Real Estate Brokerage System“, emphasized that the real estate sector today has become one of the enabling sectors that operate in a stimulating legislative environment that has contributed to the growth and development of the sector, pointing out that the Kingdom today is witnessing a real estate market that is experiencing the largest regulatory transformation in its history, driven by the Kingdom's Vision 2030, which contributes to enhancing reliability and sustainability.
Participants in the first panel discussion discussed “Legislative updates and enabling opportunities in the Real Estate Brokerage System”. The speakers in the second panel discussed "The real estate product from building value to sustainable sales", praising the development acceleration witnessed by the Kingdom, which is the highest in the region and the world, and that residential plans in neighborhoods have become more organized through urban governance imposed by new regulations and legislation, which contributed to enhancing quality of life standards.
The speakers also touched on the second panel discussion on "The real estate product from building value to sustainable sales". It is noteworthy that the General Authority for Real Estate organized the second edition of the Real Estate Brokerage Forum to complement the efforts aimed at developing the real estate business environment through an integrated system that includes regulatory, professional and awareness aspects, which contributes to enhancing economic growth and achieving the aspirations of the comprehensive strategy for the real estate sector.
