Real Estate Online Fraud: How to Protect Yourself
In the digital era, real estate online fraud has become one of the biggest challenges threatening trust in the property market. While modern technology offers ease in communicating and searching for properties, it also provides a fertile environment for scammers who continuously find new ways to deceive those looking to buy homes or land. In this article, we explore the key signs of fraud, prevention steps, and how to report online fraud in Saudi Arabia.
7 Signs of Real Estate Online Fraud
- Unrealistic and tempting offers: If a deal seems too good to be true, be cautious. Scammers often lure victims with unreasonably low prices or unrealistic payment facilities.
- Emotional pressure and urgency: The seller or agent urges you to close the deal within hours, making you feel it’s a “once-in-a-lifetime” opportunity.
- Avoiding personal meetings: A common sign of fraud is the insistence on avoiding personal meetings, relying only on WhatsApp or informal calls.
- Refusal to allow a property visit: Sending only photos or videos while completely refusing to schedule an on-site visit.
- Requesting upfront payments with no guarantees: Asking for deposits or advance payments without a formal contract or proof of ownership is a trap many fall into.
- Advertising outside official platforms: Listings are often shared on Twitter or TikTok instead of authorized platforms under the General Real Estate Authority.
- Lack of official documents: Missing marketing license (Val license), clear contract, or deed, or presenting forged documents.
Additional Signs of Real Estate Online Fraud
- Unknown or anonymous seller.
- Unreliable or newly created website.
- Incomplete property details.
- Frequent unjustified price changes.
- Exclusive, short-term offers creating false urgency.
Tips to Protect Yourself from Online Fraud Before Buying
- Verify the seller’s identity: Request a copy of the national ID and real estate marketing license.
- Confirm property registration: Ensure the property is officially registered with the Ministry of Justice.
- Consult a real estate lawyer: For reviewing contracts and any legal obligations.
- Avoid upfront large payments: Do not pay significant amounts before signing a notarized contract.
- Use licensed agents: Verify the agent’s license on the General Real Estate Authority’s platform.
How to Report Real Estate Fraud?
If you become a victim of real estate online fraud, follow these clear steps to report fraud in Saudi Arabia:
- Use the Kolona Amn app or call the unified fraud hotline: 330330.
- File an official complaint on the Ministry of Justice website.
- Submit an electronic report through the Ministry of Commerce if a business entity is involved.
- Contact the General Real Estate Authority for assistance in verifying the agent and holding scammers accountable.
What to Do After Experiencing Fraud?
- Keep all evidence: Messages, payment transfers, electronic documents, and images.
- Consult a specialized lawyer: To file lawsuits or official complaints with the relevant authorities.
- Register the property in your name if the transaction was completed correctly: This protects your ownership rights legally.
- Share your experience: Raising awareness helps others avoid similar scenarios and enhances community safety.
Why Use Authorized Platforms Like Aqar App?
The Aqar App is one of the leading platforms authorized by the General Real Estate Authority, offering:
- Only licensed real estate agents are allowed to list properties.
- User protection against fraud through advertiser identity verification.
- No financial transfers outside the app, ensuring transaction safety.
Conclusion
Protecting yourself from real estate online fraud requires complete awareness of its signs and methods. Always choose to work with official entities, do not rush, and review all details carefully before making any decisions. If you encounter any suspicious situation, do not hesitate to report fraud immediately to protect yourself and others in the Saudi real estate market.
