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“Wafi” is the official group in cost of granting licenses for promoting off-plan real estate models in Saudi Arabia. They also issue registration certificates to real estate development companies within the Real Estate Developer registry, following the Off-Plan Sales and Lease system. Real Estate Institute of Australia president Leanne Pilkington said there was really only one cause why a property was stuck available on the market — the proprietor wanted more money than the consumers thought it was worth.

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