Law of Selling and Leasing Off Plan Real Estate Projects

The competent authority shall, in accordance with this Law, undertake the following: 1. Oversee real estate projects, including issuing the necessary licenses therefor, monitoring execution thereof, and supervising and inspecting the same. The Official may outsource some of such tasks to the private sector, in accordance with the provisions of this Law and the Regulations. 2. Establish a public database for real estate projects licensed in accordance with this Law. The Regulations shall specify the information that must be included in the database. 3. Establish a registry to be named the “Registry of Developers.” The Regulations shall specify the controls and procedures for registration.