The <a style="color: #993300;" href="http://rega.gov.The General Authority for Real Estate the first of Shawwal 1444 AH corresponding to May 2023 AD as the date for the launch of the real estate registration operations "Real Estate Registry“ according to its updated mechanism, according to the operational plan and readiness criteria in the city of Riyadh, Jeddah and Dammam suburb, and the beneficiary neighborhoods that will start registering their properties will be announced gradually during the coming period.
The CEO of the General Authority for Real Estate (G.A.R.E.) said that the first day of Shawwal 1444 AH corresponding to May 2023 AD is the date for the launch of the real estate registration process in its updated mechanism. <The CEO <a style="color: #993300;" href="https://amlak.net. Engineer Abdullah bin Saud Al-Hammad said that the real estate registration system issued by the decision of the Council of Ministers aims to increase the reliability of ownership, enhance the accuracy of information about real estate, preserve the rights of dealers in the real estate sector and enhance the investment attractiveness of the sector, and under the system, a comprehensive real estate register will be established for all information and data of real estate units in the Kingdom.
<He added that <a style="color: #993300;" href="https://amlak.net.The Public Authority for Real Estate has completed its preparations in coordination with all relevant government agencies, and commissioned the National Company for Real Estate Registration Services established by the Public Investment Fund in Safar of this year as an operating partner to undertake the work of establishing and managing the real estate registry in the Kingdom using the latest technologies and geospatial data through an integrated digital platform that enhances transparency and confidence in real estate services and data.
He explained that the establishment of the real estate registry in the Kingdom using the latest technologies and geospatial data through an integrated digital platform contributes to enhancing transparency and confidence in real estate services and data. He explained that the establishment of the real estate registry will include residential, commercial, commercial, agricultural, industrial and other real estate units, in addition to government properties at the level of the Kingdom, where each real estate unit, whatever it is, will be issued a "real estate number" and a title deed instead of the current title deeds, as a real estate newspaper that includes data and descriptions of the property, its condition, rights and obligations and all real estate transactions that occur on it linked to geospatial information.
The real estate registry will be created and managed in the Kingdom using the latest technologies and geospatial data through an integrated digital platform that contributes to enhancing transparency and confidence in real estate services and data. This will be done through the cadastral elevation and geographical coordinates of the properties, to be the basis for the registration of ownership and the real estate rights resulting therefrom, in order to contribute to the sustainability and enhancement of the real estate sector and its main enablers. The President of the Authority indicated that the selection of the beneficiary regions, cities and neighborhoods was made according to the criteria of readiness and maturity of data available for real estate units in them, and each region and neighborhood will be announced successively in the coming periods, reaching all real estate units in the Kingdom, and this will include the announcement of the registration mechanisms followed.
It is noteworthy that according to the real estate registration system, the property registration deeds issued by the "Real Estate Registry“ will acquire the status of absolute authenticity, which is the highest degree of real estate ownership guarantee that cannot be challenged, which will limit real estate disputes, increase the efficiency and quality of data in the real estate sector in the Kingdom and achieve the objectives of the Kingdom's Vision 2030 in digitizing the real estate wealth, as real estate registration is an international methodology for documenting real estate properties that relies mainly on the real estate unit as a basis for documenting ownership.
Registration in kind is a recognized international methodology for documenting real estate properties that mainly relies on the real estate unit as a basis for documenting ownership.
