Saudi Arabia .. Registration of 119 establishments according to the controls of electronic real estate ads

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The number of real estate establishments classified by the Saudi Real Estate Authority has reached 119 since the launch of the controls for real estate advertisements and the criteria for licensing electronic real estate platforms on 9/2/2021, while the Partners Service Center received 245 real estate reports.

The ads survey showed that 1,673 violating ads were seized. 473 violating advertisements were processed, and legal procedures were applied In other violations, the number of real estate disputes seen in the Saudi Center for Real Estate Arbitration reached 47 real estate disputes. Electronic real estate, which has licensed two real estate platforms, in addition to 69 electronic real estate platforms in the process of licensing.

The authority received 4130 requests for the service of a real estate advertiser, including 717 requests for establishments, while the largest share was for individuals with 3,413 requests for the service. Registration and licensing services, and authorizations for real estate facilities and electronic platforms and individuals wishing to engage in real estate activities, registration of real estate advertisers, filing complaints, and following them up online.

It is noteworthy that these regulations come within the role of the Real Estate General Authority in regulating, supervising and developing the non-governmental real estate sector, to enhance sector governance, raise the efficiency of its performance, maintain its sustainability, serve partners, and raise the level of transparency of the sector in implementation of the comprehensive strategic plan for the real estate sector.





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