Real Estate General Authority (REGA) is the responsible entity for regulating and monitoring the non-governmental real estate sector in the Kingdom of Saudi Arabia, as well as issuing licenses for real estate professionals and qualifying them. It also designs databases to collect and document real estate information in the Kingdom. Established in 2017, its main headquarter is located in the capital, Riyadh, and it has a board of directors headed by the Minister of Municipal and Rural Affairs and Housing.
REGA tasks
REGA has several tasks, including granting licenses for real estate activities, providing a fair environment for competition and investment, regulating the non-governmental real estate sector, proposing regulations and laws related to the real estate field, raising awareness about real estate activities and organizing related exhibitions, training workers in the real estate sector, and preparing and publishing studies and research in REGA's field of expertise.
REGA ecosystem
REGA operates through a specialized work ecosystem, which includes the Real Estate Arbitration Center, the committee for rectifying errors in real estate registration, the Saudi Real Estate Institute, the real estate indicators platform, the real estate brokerage firms classification platform, the Mullak program, and the unit sorting program.
Types of real estate properties and contributions
Properties in the Kingdom are divided into two types: non-governmental public properties managed by REGA and government properties managed by the State Properties General Authority. The Real Estate Contributions Law, Real Estate Brokerage Law, the comprehensive strategy for the real estate sector, and the Law of Real Estate Units Ownership, Subdivision, and Management, are among the key legal foundations for the work of REGA. It operates according to a comprehensive strategy that includes four pillars: real estate sector governance, empowerment and sustainability of the sector, market effectiveness, and partner services.
REGA services
REGA provides several services, including resolving real estate disputes through reconciliation or arbitration, providing price and non-price information for real estate indicators, granting standard classifications for real estate entities, dividing buildings and complexes into multiple real estate units, and providing training and qualification through the Saudi Real Estate Institute. REGA also offers unified services for owners of residential units with common areas.
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