Alqanoni

Law of Selling and Leasing Off Plan Real Estate Projects

Art. 3
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

A real estate developer may not engage in the activity of selling and leasing off-plan real estate projects unless he is registered in the Registry of Developers; such projects may not be advertised in local or foreign media outlets, nor may exhibitions be organized and held in promotion thereof, unless the project is licensed by the competent authority, in accordance with the provisions of this Law and the Regulations.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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