Almadina, 19 July 2023: The Saudi Real Estate General Authority has announced the start of brokerage activities and real estate services in line with the Real Estate Brokerage System, which has been approved by the Council of Ministers.
The period was granted for real estate brokers to correct their position and change their operations expired on 18 July 2023.
The new system includes seven real estate activities licensed establishments can undertake. These are real estate brokerage, real estate marketing, property management, facilities management, real estate auctions, real estate advertising, and real estate consultancy and analysis.
Individuals are limited to undertaking only four activities – brokerage, marketing, advertisement, consultancy and real estate analysis.
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