Saudi Regulations
Wafi Program
Short Definition
Saudi off-plan sales program, requiring developers to meet strict standards protecting buyers, ensuring quality of real estate projects.
In Other Languages
Arabic
وافي
برنامج للبيع على الخارطة في السعودية، يُلزم المطورين بمعايير صارمة لحماية المشترين، يضمن جودة المشاريع العقارية.
English
Wafi Program
Saudi off-plan sales program, requiring developers to meet strict standards protecting buyers, ensuring quality of real estate projects.
Turkish
Wafi Programı
Suudi plan dışı satış programı; geliştiricilerin alıcıları koruyan sıkı standartları karşılamasını gerektirir, emlak projelerinin kalitesini sağlar.
Related Terms
Off-Plan Sale
Selling real estate units before construction completion, regulated by Saudi Wafi program, offering buyer lower price and developer early financing.
Real Estate Development
Comprehensive process of converting land to integrated real estate project, including planning, licensing, construction, and marketing, long-term investment.