Real Estate Project License Request

Off-Plan Sales and Lease
The service allows requesting the issuance of a license for a real estate project.

  1. Log in to the Off-Plan Sale and Lease Services page.

  2. Company information is retrieved from the previously established establishment profile containing company information.

  3. Designate an authorized representative (optional), based on the information entered under the Establishment Management section.

  4. Complete the Chief Executive Officer's information.

  5. Complete the end beneficiary's contact information.

  6. Enter banking information and add authorized signatories for the disbursement authorization document.

  7. Attach a signature specimen form and approve the declaration.

  8. Complete the required project information.

  9. Complete the project address information and locate the project on the map.

  10. Complete the project land information.

  11. Add title deed information for the project land.

  12. Verify title deed information and retrieve data.

  13. Add one or more zones and complete the required zone information.

  14. Complete “Block/Building” information that will be displayed based on the previous step and complete the required forms.

  15. Complete unit code information and assign a code to each unit.

  16. Attach project plans in accordance with approved standards, including architectural designs and engineering drawings.

  17. Complete construction permit information.

  18. Upload the project bill of quantities file and complete the relative weight schedule information for the project items.

  19. Add the feasibility study according to the required information.

  20. Specify the expected project income information.

  21. Add the expected annual balance sheet.

  22. Add expected annual cash flow information.

  23. Add financial results and indicators information.

  24.  Add expected funding sources information.

  25. Add information on project parties (Engineering Consultant, Certified Public Accountant, sub-developer, and marketer, if any).

  26. Review the “Model Contract for Projects with Common Areas and Projects without Common Areas” and add additional clauses (if required).

  27. Review the End Beneficiary Contract model, approve the declarations, and submit the request.

  • A copy of a valid Commercial Registration authorizing the holder to undertake real estate development activities.

  • Chamber of Commerce Membership Certificate.

  • A copy of the credit report issued by a company licensed by the competent authority to provide credit information services. From Tata.

  • A copy of the agreement concluded with the landowner or the holder of usufruct rights, in accordance with the provisions of the Law and Regulations.

  • A copy of the agreement concluded between the Main Developer and the Sub-Developer, if applicable, in accordance with the provisions of the Law and Regulations.

  • Architectural designs and engineering drawings approved by the competent authorities.

  • A copy of the contract concluded with the consultancy office, in accordance with the provisions of the Law and Regulations.

  • A copy of the contract concluded with the Certified Public Accountant, in accordance with the provisions of the Law and Regulations.

  • A real estate project feasibility study prepared by a consultancy office, including: Estimated costs of the real estate project, required expenditure items, cash flow analysis, and expected implementation period.

  • A commitment to commence construction works for the real estate project within six (6) months from the date of obtaining the license.

  • A sales contract template between the developer and the buyer, with delivery dates specified daily, in accordance with the provisions of the Law and Regulations, and not conflicting with Islamic Sharia provisions.

  • An agreement to open an escrow account with a bank licensed in the Kingdom, in accordance with the provisions of the Law and Regulations.

  • If the project contains subdivided real estate units, the approved unit subdivision minutes must be attached in accordance with the Law of Ownership, Subdivision, and Management of Real Estate Units.

  • A letter from the property owner approving the annotation on the title deed of the property to be developed, restricting disposal of ownership until completion of real estate development works, unless the property is registered in rem.

  • Requirements for Off-Plan Real Estate Projects Marketing License

  • Property title deed registration number.

  •  The marketing contract number between the real estate broker and the developer (if any).

  •     Copy of the development contract between the developer and the landowner (if any).

  •   Architectural designs and engineering drawings.

  • In case the developer wishes to receive reservation amounts for real estate units from the buyer or tenant during the validity period of the Real Estate Project Marketing License, the following must be complied with:

  • Disclose the project status and future plans.

  • Do not receive more than (5%) of the real estate unit's value.

  • Deposit all received reservation amounts into the designated escrow account.

  • A copy of a valid Commercial Registration authorizing the holder to undertake real estate development activities.
  • Chamber of Commerce Membership Certificate.
  • A copy of the credit report issued by a company licensed by the competent authority to provide credit information services. From Tata.
  • A copy of the agreement concluded with the landowner or the holder of usufruct rights, in accordance with the provisions of the Law and Regulations.
  • A copy of the agreement concluded between the Main Developer and the Sub-Developer, if applicable, in accordance with the provisions of the Law and Regulations.
  • Architectural designs and engineering drawings approved by the competent authorities.
  • A copy of the contract concluded with the consultancy office, in accordance with the provisions of the Law and Regulations.
  • A copy of the contract concluded with the Certified Public Accountant, in accordance with the provisions of the Law and Regulations.
  • A real estate project feasibility study prepared by a consultancy office, including: Estimated costs of the real estate project, required expenditure items, cash flow analysis, and expected implementation period.
  • A commitment to commence construction works for the real estate project within six (6) months from the date of obtaining the license.
  • A sales contract template between the developer and the buyer, with delivery dates specified daily, in accordance with the provisions of the Law and Regulations, and not conflicting with Islamic Sharia provisions.
  • An agreement to open an escrow account with a bank licensed in the Kingdom, in accordance with the provisions of the Law and Regulations.
  • If the project contains subdivided real estate units, the approved unit subdivision minutes must be attached in accordance with the Law of Ownership, Subdivision, and Management of Real Estate Units.
  • A letter from the property owner approving the annotation on the title deed of the property to be developed, restricting disposal of ownership until completion of real estate development works, unless the property is registered in rem.

 

Requirements for Off-Plan Real Estate Projects Marketing License

  • Property title deed registration number.
  •  The marketing contract number between the real estate broker and the developer (if any).
  •     Copy of the development contract between the developer and the landowner (if any).
  •   Architectural designs and engineering drawings.
  • In case the developer wishes to receive reservation amounts for real estate units from the buyer or tenant during the validity period of the Real Estate Project Marketing License, the following must be complied with:
  • Disclose the project status and future plans.
  • Do not receive more than (5%) of the real estate unit's value.
  • Deposit all received reservation amounts into the designated escrow account.
Target Audience
Real Estate Beneficiary Property Owner Facilities
Service duration
Depends on the type of service
Service channels
Website
Service language
Arabic
Service cost
Depends on the type of service
Frequently Asked Questions
FAQ's page
Email
redl.info@rega.gov.sa
Beneficiaries Help Center
199011
Location
View Location

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