<The General Authority for Real Estate revealed that it has started working on an initiative to build the capacity of the real estate sector by implementing a transformation plan for the Real Estate Institute and implementing its operational model as a research and accreditation center, and completing its programs to qualify and train Saudi youth in professions related to the real estate industry. And facilitate the ownership of residential property

The Authority intends to establish a real estate arbitration center to reduce the number of cases referred to the courts, and to qualify and establish expert offices that provide technical and professional expertise, through an electronic system in real estate cases before the judiciary.

The Authority is moving forward with an initiative to develop the regulation of real estate contributions, and an initiative to build a national platform for real estate indicators, and intends to establish a real estate arbitration center to reduce the number of cases referred to the courts. It stated that it is reviewing the current regulation of real estate offices and companies and related regulations, and is working on reviewing the organization of registration in the Authority, with the aim of organizing, supervising and developing real estate activity, raising its efficiency and encouraging investment in it.

With the aim of organizing, supervising and developing real estate activity, raising its efficiency and encouraging investment in it.

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About Public Authority for Real Estate

The Public Authority for Real Estate was established by Cabinet Decision No. (239) dated 25/4/1438 and is concerned with regulating, supervising and developing non-governmental real estate activity to raise its efficiency and encourage investment in it.

The Public Authority for Real Estate was established by Cabinet Decision No. (239) dated 25/4/1438.

Functions of the Authority:

• Setting, licensing and supervising standards for real estate activities.

• Encourage investment and provide the appropriate environment for fair competition in this field.

• Coordinate with relevant authorities to ensure the integration of real estate infrastructure and achieve the relevant national goals, policies and strategies.

  Coordinate with relevant authorities to ensure the integration of real estate infrastructure and achieve the relevant national goals, policies and strategies.

• Work to spread awareness of real estate sector regulations and activities.

• Monitoring real estate sector indicators to achieve stability and balance.

• Follow up the implementation of agreements related to real estate activities concluded between the Kingdom and other countries.

  Follow up the implementation of agreements related to real estate activities concluded between the Kingdom and other countries.

• Monitoring real estate sector indicators to achieve stability and balance.

• Follow up the implementation of agreements related to real estate activities concluded between the Kingdom and other countries.

  Follow up the implementation of agreements related to real estate activities concluded between the Kingdom and other countries.

• Enhancing training and qualification for those licensed to practice real estate activities.

• Research, studies and statistics in this field.

• Developing the necessary controls to regulate and monitor real estate advertisements.

• Establishing an online portal containing real estate databases with periodic updates and making them available to stakeholders.

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