Organizing the relationship between the lessor and the tenant under study

The spokesperson for the General Authority of the Real Estate, Tayseer Al -Mufarj, confirmed that the implementation of the decision to amend the white land fees system in just 30 days, despite granting him a 60 -day period, embodies the accurate follow -up of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and highlights the great seriousness in making decisions and the speed of its completion, reflecting the commitment to achieve the targets of the real estate sector.

Organizing the relationship between the lessor and the tenant in the study phase

Al -Mufarraj explained during a symposium held by “Al -Youm newspaper” that among the important real estate directives that are being worked on, the file of organizing the relationship between the lessor and the tenant, a file that affects all the cities of the Kingdom and is not limited to the city of Riyadh.
He pointed out that the General Real Estate Authority was charged with preparing an integrated study on this subject, within a specific time period, in preparation for submitting it to the relevant authorities to take the appropriate decision.

Development of real estate indicators to raise transparency

On the other hand, Al -Mufarraj pointed out that enhancing transparency in the real estate market is one of the main trends in the next stage.
He indicated that there is an official mandate for the Royal Commission for the city of Riyadh and the General Authority of the Real Estate to develop a clear and regular model to monitor real estate prices and disclose it periodically at the Kingdom level.

Enhancing confidence in the Saudi real estate market

He added that these real estate indicators aim to raise the awareness of the market and improve the investment environment by providing consumers and investors with accurate and reliable information that helps them make studied decisions, in order to enhance justice and transparency in real estate transactions.

Media is a partner in spreading real estate awareness

Al -Mufarj concluded his statement by emphasizing the importance of the media and its pivotal role in supporting modern real estate trends, saying: “We while you are partners in the implementation of these directives, and we believe that spreading awareness and accurate information is an essential tool for enhancing transparency in the real estate sector.”