The General Real Estate Authority in the Kingdom of Saudi Arabia is the central regulatory body for the real estate sector in the country. Established in 2017, its primary objective is to regulate, develop, and oversee non-governmental real estate activities while promoting investment in the sector in alignment with the goals of Saudi Vision 2030.

Responsibilities of the Authority:

• Regulating the Real Estate Sector: Establishing regulations and legislation governing real estate activities, including issuing licenses and permits for practitioners.
• Supervision and Oversight: Monitoring and evaluating the sector’s performance to ensure compliance with approved regulations and standards.
• Empowerment and Capacity Development: Training and developing real estate professionals through the Saudi Real Estate Institute.
• Raising Awareness: Enhancing awareness of real estate regulations and activities through awareness campaigns, workshops, and seminars.
• Building Real Estate Information Databases: Establishing platforms such as the Real Estate Geospatial Portal and the Real Estate Indicators Platform to provide accurate and transparent data for investors and beneficiaries.

Electronic Services Provided by the Authority:

• Real Estate Contributions Platform: Allows developers and investors to submit licensing and qualification applications electronically.
• Real Estate Brokerage Platform: Issues “Val” licenses for individuals and entities to engage in real estate activities with reliability.
• Real Estate Indicators Service: Provides updated data on real estate sales and rental transactions across the Kingdom.
• “Ejar” Service: An electronic network aimed at regulating the rental sector and safeguarding the rights of all parties involved.
• Real Estate Registry Platform: Enables property owners and their agents to register real estate assets, contributing to property rights protection and facilitating real estate transactions.

Through these efforts, the General Real Estate Authority aims to establish a dynamic and trustworthy real estate market characterized by transparency and sustainability, thereby enhancing the attractiveness of real estate investment in the Kingdom.