Following the issuance of the Cabinet decision approving the Real Estate Registration System, the Minister of Municipal, Rural Affairs and Housing and Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majid bin Abdullah Al-Hogail, said that the issuance of the system comes as an extension of the attention and support enjoyed by the real estate sector in the Kingdom, with the aim of increasing the reliability of ownership, enhancing the accuracy of information about real estate, and preserving the rights of dealers in the sector to achieve the objectives of the Saudi Vision 2030 programs in digital transformation, real estate wealth development and enhancing the investment attractiveness of the real estate sector.

Real Estate Registration System. Al-Haqeel stressed that the role of the real estate registration system is to unify the supervision of real estate registration in one entity easily and easily, in accordance with the best international practices followed, ensure the accuracy of information and data of all types of real estate, and build a comprehensive real estate record for all transactions subsequent to real estate registration in the unified real estate registry.

Haqeel stressed that the role of the real estate registration system is to unify the supervision of real estate registration in one entity easily and conveniently.

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real estate record including property description changes

The real estate registration system includes a real estate register that ensures that new owners of the property are informed of all changes to the description of the property, such as construction, additions or modifications, and the real estate registration acquires absolute validity one year after the date of publication of the owners" lists, in addition to establishing a register linked to the records of properties described on the map.

Registration in kind acquires absolute validity one year after the date of publication of the owners" lists, in addition to establishing a register linked to the records of properties described on the map.

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Title deed for detached units

According to the Real Estate Registration Law, each detached real estate unit located in a common property shall have its own title deed, and the common ownership documents specified by the regulation shall be registered in the real estate registry, and the competent authority shall establish a registry for off-plan properties linked to the real estate registry.

The competent authority shall establish a registry for off-plan properties linked to the real estate registry.

All transactions on off-plan properties shall be registered in the real estate registry in accordance with the law, and the regulation shall specify the registration procedures, and the registry shall issue a certificate thereof, and the transactions shall not be effective and produce their judicial and administrative effects without this registration.

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30 days for data conversion

The Real Estate Registration Law clarifies that within 30 days of the completion of the off-plan property, the property owner must submit a request to transfer his data in the registry to the real estate registry, and issue a title deed to him.

Within 30 days of the completion of the off-plan property, the property owner must submit a request to transfer his data contained in the registry to the real estate registry.

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The system has identified 5 cases

100,000 riyals fine for violations of the real estate registration system

The real estate registration system has specified 5 cases of violation or obstruction of the implementation of the system, punishable by a fine of up to 100 thousand riyals, and the new real estate registration system came to replace the real estate registration system issued 20 years ago and cancel all provisions that contradict it.

Violations of the system are characterized as follows:

Failure to disclose any documents or data necessary for the validity and integrity of the first in-kind registration procedures."

Failure to disclose any documents or data necessary for the validity and integrity of the first in-kind registration procedures. <Obstructing the work of the competent authority related to the in-kind registration procedures. <Failure to report any change in the description of the property due to the construction, addition, modification or removal of buildings. Failure to submit the application referred to in the system within the specified period that obliges the owner of the property within 30 days of the completion of the off-plan property to submit an application to transfer its data contained in the real estate registry and issue the deed of registration of ownership.

Failure to submit the application for the first in-kind registration of his property within the specified period for submitting the applications referred to in the system.

Failure to submit the application for the first in-kind registration of his property within the specified period.