For his part, the CEO of ′′ Standard Real Estate “, Abdulkarim Al-Mulla said the real estate sector requires standardization of sales and purchasing contracts, which requires intensive efforts by regulators to reach a unified formula that satisfies all parties, pointing to Its unification drives some investors to reluctance to buy, having determined to invest in the sector.He emphasized that the many contract details concern many investors, especially since most of them didn’t know much about the legislation governing buying and selling contracts, demanding that those contracts be simplified in lesser terms, in a format and language understood. He explained that the items tend to be with the real estate developer
