The Kingdom has approved 55 new regulatory measures aimed at organizing the sale and leasing of off-plan real estate projects,
as part of its broader efforts to enhance transparency, strengthen market integrity, and protect buyers’ rights.
The measures cover developer qualification standards, rules for marketing and sales, escrow account management, and enhanced inspection and monitoring systems.
They also include mechanisms to handle stalled projects, allowing for the replacement of developers to ensure project completion and safeguard investor interests.
This initiative supports the Kingdom’s Vision 2030 goals by creating a secure real estate environment,
boosting homeownership, and encouraging greater investment in the property sector.
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