The General Authority for Real Estate continues its efforts to regulate the real estate market and enhance the reliability of transactions between owners, through the “Real Estate Unit Sorting” program, which represents one of the regulatory initiatives aimed at controlling the mechanisms for dividing shared real estate, and determining the rights of unit owners accurately and transparently, in a way that contributes to reducing overlapping ownerships and enhancing the sustainability of real estate management.
The Real Estate Unit Sorting Program aims to unify the standards for sorting or re-sorting real estate complexes into independent units, while documenting private ownership and common areas between owners, ensuring clarity of rights and obligations associated with each real estate unit, and enhancing the efficiency of organizing multi-owner properties.
Accurate documentation of ownership and protection of owners' rights
The regulatory impact of the program is highlighted in enhancing the protection of the rights of unit owners, by accurately determining each unit’s share of the land area and common parts, which limits the possibilities of overlapping ownership or the emergence of disputes over common areas and rights.
This regulation helps to establish the principle of clear ownership from the outset, by proactively documenting the rights of owners, thus providing a more transparent basis for dealing with real estate units within shared complexes and buildings.
Independent instruments that facilitate buying, selling, and financing
The role of “real estate unit sorting” is not limited to organizing ownership and determining shares, but extends to enabling real estate transactions, by paving the way for issuing independent ownership deeds for each sorted unit.
This step will facilitate buying and selling procedures, and give each unit a clear and independent ownership status, which will also support opportunities to obtain real estate financing and enhance the flexibility of trading units within the market.
Linking properties to the "Mullak" program to promote sustainability
The program’s regulatory impact extends to supporting the sustainability of shared properties, by preparing the property for direct connection to the “Mullak” program, which aims to regulate property management and maintenance.
This connection contributes to establishing a more sustainable and transparent residential environment, by organizing management and maintenance responsibilities, which supports the preservation of common properties and enhances the quality of their use in the long term.
Read also:
Steps and requirements for sorting real estate units via the Sakani platform
Learn about the Subul service and its steps in sorting real estate units.
5 steps to submit a real estate unit sorting request electronically
