In a move that reflects the acceleration of digital transformation in the Saudi real estate sector, the Public Authority for Real Estate is entering a new phase entitled “Speed and Reliability”. With the launch of Instant Licensing Service for Off-plan Sales, obtaining a license no longer takes weeks, but an instantaneous process that empowers developers, enhances market efficiency, and builds a secure digital environment that increases the confidence of investors and buyers. This service is not just a modernization of procedures, but a strategic shift that establishes a more competitive, transparent and quality real estate sector.
Raising the quality of the real estate market
The General Authority for Real Estate launched the “Instant Licensing for Off-plan Sales Projects” service, starting a new phase in the sector based on a comprehensive digital progress, reducing the developer's journey from 34 days to an immediate procedure that is completed once the requirements are completed. The move enables developers to accelerate the start of their projects and increase the efficiency of their management, which directly reflects on the rapid growth of the real estate market.
Accelerate the pace of completion
The new service has contributed to reducing the time required to issue the off-plan sales license, which increases the ability of developers to immediately start their work and accelerate the real estate financing process for projects. This procedure also gives developers greater flexibility in planning and managing residential projects, and achieving higher speed of completion and operational sustainability.
Digital Enablers
<Instant Licensing is based on a comprehensive digital architecture that extends across “Procedure Systems” and "Digital Integration" with relevant government entities, as well as direct linkage with banks through real estate escrow accounts. This digital ecosystem provides a unified environment that enhances data quality, speeds up transactions, and ensures greater accuracy in the exchange of information between the parties.
Raising trust and protecting customer rights
<The Authority emphasizes that the new service meets the highest standards of governance, giving buyers and beneficiaries a greater level of security and reliability. As procedures are digitized and documented, market confidence rises and the role of the real estate sector as one of the most disciplined and stable sectors is strengthened.
Enabling Real Estate Market Growth
Instant licensing is a cornerstone for real estate growth by reducing the time needed to launch projects and increasing housing supply. It also gives developers effective tools to manage their projects, making the sector more efficient and competitive.
Resource Efficiency
Through modern digital systems, process costs are reduced and the time and human resources needed to complete traditional procedures are minimized. This transformation ensures that the quality of processing is increased, supporting developers in running their business more efficiently.
<Instant licensing is a pivotal step in building a smart, integrated, and scalable real estate environment. Today, technology has become the basis for developing the sector, improving the experience, protecting the rights of the parties, and enhancing the flexibility of the market, thereby contributing to achieving the growth targets within the Kingdom's Vision 2030.
