The General Real Estate Authority The General Authority for Real Estate referred the developers of 14 real estate projects to the Public Prosecution after monitoring violations, including practicing off-plan sales activity and receiving financial amounts from beneficiaries without obtaining the approved regular licenses, in a number of cities in the Kingdom, in clear violation of the provisions of the system of selling and leasing real estate projects on the map and its executive regulations.
The General Authority for Real Estate stressed that it will not hesitate to monitor the violating real estate practices and advertisements, which would violate real estate regulations and legislation, or compromise the reliability of the real estate market or the rights of the client. The General Authority for Real Estate stressed that it will not hesitate to monitor violating real estate practices and advertisements that would violate real estate regulations and legislation, or compromise the reliability of the real estate market or the rights of its dealers, and that it will take all deterrent legal measures against each violator, in integration with the relevant authorities.
The General Authority for Real Estate stressed that it will not hesitate to monitor the practices and advertisements that violate real estate regulations and legislation, or compromise the reliability of the real estate market or the rights of those who deal in it. The General Authority for Real Estate called on real estate developers to fully comply with the laws and regulations governing the activity of selling and leasing real estate projects on the map, and to obtain regular licenses before advertising, marketing or selling and receiving funds, urging customers and investors to verify the regularity of real estate project licenses through official approved channels before proceeding with any purchase or transfer of funds, and to report any violations that affect the real estate market and its reliability.
The General Authority for Real Estate called on real estate developers to fully comply with the laws and regulations governing the activity of selling and leasing real estate projects on the map, and to obtain regular licenses before advertising, marketing or selling and receiving funds.
