Wafi is a government-led real estate regulation and licensing program operating under the Ministry of Municipalities and Housing in Saudi Arabia. The program is responsible for regulating and supervising off-plan real estate sales and leasing activities, helping developers and investors operate within a compliant and transparent framework. Wafi supports the growth of the Kingdoms real estate sector by improving buyer confidence, enabling regulated project financing, and streamlining licensing and registration processes for developers.
Off-Plan Real Estate Project Sales License This service enables real estate developers to obtain official approval for selling residential, commercial, or mixed-use projects before construction completion. The licensing process helps protect investors and buyers by ensuring projects meet regulatory, financial, and technical compliance standards.
Off-Plan Real Estate Project Lease License Wafi provides licensing services for developers offering off-plan leasing projects across Saudi Arabia. The service supports organized lease agreements and enhances trust between developers, investors, and tenants through regulated leasing procedures.
Real Estate Developer Registration The program manages the registration and certification of real estate development companies operating within the off-plan sales and leasing sector. This registration process helps establish market credibility for developers while ensuring adherence to Saudi real estate regulations and quality standards.
Nitaq License Nitaq License is an electronic licensing service designed to simplify compliance and approval procedures for qualified real estate projects. The digital process improves operational efficiency for developers and accelerates access to regulated project approvals.
Project Oversight and Compliance Services Wafi oversees project monitoring, engineering consultant approvals, escrow account management, and compliance tracking for licensed developments. These services help reduce project risks, improve transparency, and strengthen investor confidence in off-plan real estate projects.
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