Real estateUpdated Yesterday

Okaz details reported property-fraud methods and REGA checks for renters.

Okaz reports that property-fraud methods include impersonating owners or their representatives, using false or expired documents, and offering off-plan units in projects reported as fictitious or unlicensed. For renters, REGA advises verifying the broker’s Fal real-estate licence and the property’s advertising licence through its electronic services. It also recommends checking ownership and authorization against the property and contract, inspecting the property, and comparing the rent with Ejar’s rental index. Once the electronic contract is documented, payment should go through Ejar’s approved electronic channel.

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Coverage started Yesterday