WAFI: Licensing Off-Plan Sales in Saudi Arabia

A buyer's guide on off-plan property in Jeddah highlights the role of WAFI in the real estate market. It notes that all off-plan sales in the Kingdom of Saudi Arabia are licensed and supervised by WAFI. This oversight is conducted under the Real Estate General Authority, ensuring that property transactions meet regulatory standards.

For a developer: Understanding the regulatory framework provided by WAFI is crucial for engaging in off-plan sales in Saudi Arabia. This ensures compliance with national standards and can facilitate smoother transactions and project approvals.