108 Days
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السوسنة
10,000 Unlicensed Real Estate Offices Contributing to Market Chaos and Fraud
Al-Balad News confirmed that the real estate market is facing widespread chaos due to the proliferation of approximately 10,000 unlicensed offices compared to about 500 official offices registered with the Land and Housing Department. This has led to an increase in cases of deception and fraud through fake advertisements on social media platforms. More than 60 illegal offices have been referred to the relevant authorities over the past three months, alongside campaigns conducted to crack down on violations. The syndicate is working on amending the regulations to include real estate agents, requiring them to provide a financial guarantee, educational certificates, and pass examinations, with the aim of organizing the market and protecting consumers.
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