REGA launches instant licensing for off-plan project sales

REGA starts integration with several local banks to automatically open escrow accounts

The Real Estate General Authority (REGA) launched an instant licensing service for off-plan project sales.

The requirements for licensing have been cut by about 90%, with licenses now able to be issued immediately, once conditions are met, compared to 30 days earlier.

REGA said the service is provided through an automated electronic system that streamlines procedures, reduces manual intervention, and increases transparency.

The system also links with government and financing entities, allowing developers to meet requirements and secure funding faster, ensuring liquidity for more efficient project execution. It also strengthens verification of regulatory and financial obligations to protect buyers.

During Cityscape Global 2025, REGA announced the start of integration with several local banks to automatically open escrow accounts, with plans to complete integration with the remaining banks soon.