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Real Estate Authority Licenses 39 Pre-sale Projects in August
The General Authority for Real Estate in Saudi Arabia announced rapid growth in off-plan sales and leasing projects during August 2026. A total of 39 projects were licensed, with an estimated sales value exceeding 24 billion Riyals, encompassing more than 5,700 real estate units. The authority also reported the completion of 9 projects, resulting in the sale of 1,141 real estate units. This initiative aims to regulate the real estate sector, enhance transparency, and protect the rights of all parties involved, in line with efforts to develop the real estate market and achieve the objectives of Saudi Arabia’s Vision 2030.
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