Regulations related to the sale or lease of off-plan real estate units

Release Date:	1437-12-04
Issuance Instrument Number:	536
Validity:	Cancelled
Date of last amendment:	1444-12-02
Summary:	By AI The Council of Ministers approved the regulations for the sale or lease of real estate units off-plan, requiring concerned parties to submit applications to the specialized committee at the Ministry of Housing within six months, with the possibility of extension. The committee consists of multiple ministries and works to protect the rights of buyers and developers. Engaging in real estate activities without adhering to these regulations is prohibited. Obtaining a license requires the submission ...

Release Date:

1437-12-04

Issuance Instrument Number:

536

Validity:

Cancelled

Date of last amendment:

1444-12-02

Summary:

By AI

The Council of Ministers approved the regulations for the sale or lease of real estate units off-plan, requiring concerned parties to submit applications to the specialized committee at the Ministry of Housing within six months, with the possibility of extension. The committee consists of multiple ministries and works to protect the rights of buyers and developers. Engaging in real estate activities without adhering to these regulations is prohibited. Obtaining a license requires the submission ...