Manipulation in Property Prices

The General Authority for Real Estate detected a case of price manipulation for a property listed for sale in the Al-Khaleej district of Riyadh. The property was listed for sale through two advertisements on a real estate application at different prices.

Tayseer Al-Mufrej, the official spokesperson for the Authority, stated on his X platform account that the case was detected, and necessary action would be taken.

According to data available on Argaam, the General Authority for Real Estate announced in July 2023 that it had begun monitoring and compliance activities for the Real Estate Brokerage System and urged all brokers and real estate service providers to comply and avoid violations.