The General Real Estate Authority in Saudi Arabia has revealed that it recorded 118,895 real estate advertisement violations in the past year, as part of its efforts to enhance market stability and transparency.
Among the most pressing challenges, the authority highlighted commercial concealment, illegal practices by non-compliant workers, and misleading real estate recommendations that distort the market landscape.
During the same period, the authority conducted over 203,000 field inspection visits and received 6,990 complaints from stakeholders. Additionally, 2,179 real estate firms across various cities were inspected to ensure regulatory compliance.
The authority also emphasized its growing electronic surveillance efforts, which included over 211,800 monitoring operations across digital platforms, aimed at ensuring advertisement legitimacy and fair digital brokerage practices.
Spokesperson Tayseer Al-Mufarrej stated that the real estate sector is undergoing a transformative phase, driven by regulatory reforms and digitization aligned with the Saudi Vision 2030.
In a strategic initiative to balance the housing market, Crown Prince Mohammed bin Salman directed the Royal Commission for Riyadh City to provide between 10,000 and 40,000 residential plots annually over the next five years, priced no higher than SAR 1,500 per square meter, targeting married citizens and those over 25 years old.
These measures are part of broader efforts to address rising land prices and rental costs in Riyadh, ensuring a sustainable and investor-friendly real estate environment.
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