Strategic Framework of the Real Estate General Authority
The real estate sector is regarded as one of the Kingdom’s most significant economic sectors, contributing substantially to sustainable development and economic growth. The sector plays a pivotal role in providing the infrastructure required to support various economic and social activities, thereby enhancing the quality of life across all regions, cities, and governorates of the Kingdom, while also creating new employment opportunities. In recent years, the real estate sector has experienced notable developments because of the issuance of laws and regulations aimed at enhancing transparency and efficiency within the real estate market. These legislative measures have contributed to attracting both domestic and foreign investments, leading to increased real estate activity and the achievement of sustainable growth. The Real Estate General Authority, in its capacity as the regulator and supervisor of non-governmental real estate sector activities, is committed to developing the sector and enhancing its efficiency in a manner that ensures compliance with the applicable laws, regulations, bylaws, and standards. This is accomplished through the adoption of international best practices and the formulation of policies that strengthen the stability of the real estate sector while safeguarding the rights of stakeholders, practitioners, and investors alike.
Vision
To make the Saudi Real Estate Sector a vibrant, attractive Sector, and characterized by confidence and innovations.