Real Estate Unit Sorting Program reported a significant increase in the number of sorted units during the first quarter of 2022, with a rate exceeding 76 percent compared to the same period in 2021.

The program stated that the increase is estimated at more than 9,000 real estate units, noting that the number of square meters subdivided rose by more than 70 percent—approximately 2 million square meters—compared to 2021.
The Real Estate Unit Subdivision Program explained in a statement that it involves subdividing buildings or real estate complexes into several real estate units to determine all information about each unit, including its land share, its share of the property’s common areas, and usage rights.

It noted its efforts to facilitate and expedite the procedures required to issue title deeds, organize them on a unified electronic platform that safeguards the rights of all beneficiaries within joint real estate projects, reduce the time required to complete the division process, and improve the efficiency of the procedures.

The program also emphasized the need for service applicants to follow the application submission process, which includes attaching all required documents and verifying the unit’s share of the property’s total area, in addition to attaching a status clearance certificate or a plan approved by the Secretariat, verifying that there are no discrepancies in building areas, addressing any remarks as soon as possible, and resubmitting the application to put it back on the correct track, noting that these steps help accelerate the processing of applications and streamline procedures, which positively impacts the program and its beneficiaries.

It is worth noting that the Real Estate Unit Classification Program previously launched a distinctive service that helped reduce the time it takes for engineering firms to submit classification applications, and accelerated their data entry procedures by 70 percent, through an engine that automatically analyzes the property plan based on the survey map instead of manual entry.

This step is part of the Ministry of Municipal, Rural Affairs, and Housing’s efforts to regulate the real estate sector in a way that ensures the protection of rights and optimal utilization, and to facilitate the issuance of title deeds to help raise the homeownership rate among Saudi families to 70 percent by 2030, in line with the targets of the Housing Program, one of the programs under the Kingdom’s Vision 2030.