REGA: More Than 46,000 FAL Real Estate Licenses Issued Since Implementation of Real Estate Brokerage Law, Including Over 11,000 in Q1 2024

الهيئة العامة للعقار: إصدار أكثر من 46,000 رخصة عقارية فال منذ تطبيق نظام الوساطة العقارية، منها أكثر من 11,000 رخصة في الربع الأول من عام 2024م

The Real Estate General Authority (REGA) announced the issuance of more than 11,000 FAL real estate licenses in Q1 2024 through its electronic platform, bringing the total active licenses issued since the implementation of the Real Estate Brokerage Law to over 46,000, of which 64% were issued to individuals and 36% to establishments. The FAL license framework comprises six license types covering real estate brokerage and marketing, property management, facility management, auction management and organization, real estate consultations, and real estate analysis. REGA has also introduced platform enhancements including renewal eligibility 120 days before expiration, and conducts field awareness visits, joint supervisory campaigns with relevant authorities, and electronic supervision of digital channels and real estate platforms.

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