RIYADH: Saudi Arabia’s Real Estate General Authority announced an increase of 185 percent in the number of renewed Owners’ Association Certificates through its electronic portal during the first half of the year compared to the same period in 2024.
The number of renewed certificates exceeded 635 during this period, as part of the authority’s efforts to create a sustainable regulatory environment that safeguards the rights of property owners and residents of jointly owned real estate units.
As a key part of Saudi Vision 2030, REGA aims to professionalize real estate practices, streamline licensing, and promote investment through digital platforms like Mullak. In addition, REGA has introduced off-plan property regulations to better protect both buyers and developers.
Mullak’s indicators for the first half show the establishment of 3,600 new Owners’ Associations, covering more than 9,000 registered real estate units.
This brought the total number of accredited associations to 17,000. Over 16,000 new members joined during this time, raising the total number of registered members on the portal to more than 160,000.
