RIYADH: 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.
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