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“Wafi” is the official organization in cost of granting licenses for promoting off-plan real estate items in Saudi Arabia. They also problem registration certificates to real estate improvement firms within the Real Estate Developer registry, following the Off-Plan Sales and Lease system. Real Estate Institute of Australia president Leanne Pilkington stated there was actually only one purpose why a property was stuck in the marketplace — the proprietor wanted more cash than the buyers thought it was value.