Saudi Arabia: Real estate advertisers must be citizens

saudi-arabia real-estate advertisers citizens arabia
Saudi Arabia

Saudi Arabia: Real estate advertisers must be citizens

Only Saudis can advertise real estate in the Kingdom, according to the new Real Estate Ads Controls, issued by the General Real Estate Authority, Okaz newspaper reported.The new advertising controls are aimed at reducing fake real estate advertisements, enhancing its reliability and credibility.Controls also require the registry of the advertisers' name on the National Single Sign-On platform (NAFAZ) provided that the advertiser is the owner of the property or a legal agent or a real estate broker under a written authorization or a court order.The Real Estate General Authority also issued the licensing and classification requirements for electronic real estate platforms to raise their reliability.The Authority stressed that if one of the licensing conditions is violated, a number of legal measures will be taken. The Authority would obligate the platform to remove the advertisement and notify the advertiser, or to stop the advertiser from publishing on the platform for no more than a year.Comments Read Next3 weeks agoUAE, Saudi Arabia among biggest sources of remittances in 20204 weeks agoSaudi Arabia to localise jobs in education sectorApril 30, 2021Saudi Arabia sees increase in expat remittances by 15%April 9, 2021Saudization in malls to come into force on August 4April 7, 2021Saudisation