Real Estate General Authority (REGA) is the responsible entity for regulating and monitoring the non-governmental real estate sector, developing real estate activities, encouraging investments in the sector, issuing licenses for real estate professionals and qualifying them, and designing databases to collect and document real estate information in the Kingdom of Saudi Arabia. Established in 2017, its main headquarter is located in the capital, Riyadh, and it has a board of directors headed by the Minister of Municipalities and Housing.
REGA tasks
REGA has several tasks, including establishing regulations, bylaws, and policies governing real estate activities, organizing and supervising real estate advertisements, licensing real estate activities and setting their standards, implementing the real estate registry system, raising awareness and organizing real estate exhibitions, monitoring real estate sector indicators, developing and disseminating real estate activity databases, training and qualifying licensed professionals and workers in the real estate sector, and preparing and publishing real estate indicators and statistics.
The Authority and the Comprehensive Real Estate Sector Strategy
REGA oversees the comprehensive strategy for the real estate sector, approved by the Council of Ministers in 2020. The strategy is based on four main pillars: sector governance, sector empowerment and sustainability, market efficiency, and partner service.
Laws Supervised by REGA
REGA supervises 13 real estate laws, including: The Real Estate Title Registration Law, the Real Estate Brokerage Law, the Real Estate Contributions Law, the Off-Plan Sale and Leasing Law, and the Ownership and Subdivision of Real Estate Units Law. REGA also implements various programs and initiatives, including: Mullak, Ejar, Real Estate Units Subdivision, Wafi, the Real Estate Institute, the Val Real Estate License, the Saudi Center for Real Estate Arbitration, and partner services.
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