Law of Selling and Leasing Off Plan Real Estate Projects
Art. 7Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The competent authority may, in order to achieve the objectives of this Law and when
necessary, register a natural person in the Registry of Developers and license him to engage
in the activity of selling and leasing off-plan real estate projects, in accordance with controls
to be specified in the Regulations. Such controls shall specify the ceiling for the size of the
real estate project and the number of projects the developer is permitted to execute annually,
in accordance with the provisions of this Law and the Regulations.
Law of Selling and Leasing Off-Plan Real Estate Projects
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded