Wafi

Wafi, an off-plan Sales or Rent Program, is aimed to market and sell the real estate unit prior to, or after the development or construction. By submitting the descriptions, architectural plans and building models in its final form, will ensure full commitment from the real estate developer to implement it in accordance to the agreed model specifications.
Program Objectives:

• To reduce the cost of the real estate unit ownership.
• To reserve the buyer’s rights through the implementation of regulations and procedures.
• To increase transparency in the real estate sector.
• To encourage the spirit of competition among developers through the subdivision system.
• To contribute to increased supply through the development of real estate projects.
• To enhance the ability of developers to shift from individual to institutional work.
• To limit speculations that may have an adverse impact on real estate prices.
• To obtain high quality real estate units.