In a tweet published on its official account on social media, the General Authority for Real Estate explained the advantages of the real estate registry, stressing that it contributes to a qualitative leap in the real estate market.
According to an infographic published by the General Authority for Real Estate, the advantages of the real estate registry include the following According to an infographic published by the authority, the advantages of the real estate registry include the following:
Accuracy and clarity of real estate unit data and information.
<Stabilizing and facilitating real estate transactions procedures. <Attracting investors to sustain investment in the real estate sector. <Raising efficiency by enabling the concerned authorities to verify ownership and document contracts.
Public Authority for Real Estate
The General Real Estate Authority is a Saudi government body that aims to regulate and develop the real estate sector in the Kingdom of Saudi Arabia. The Authority was established in 2017 by Cabinet Decision No. 85 and enjoys an independent legal personality.
The Authority is specialized in real estate. <The Authority is responsible for many tasks, including developing laws and regulations governing the real estate sector. Supervising the practice of real estate activities. In addition to issuing the necessary licenses to practice real estate activities. It also works to resolve real estate disputes. Spreading real estate awareness and culture.
<The Authority seeks to achieve many goals, including regulating the real estate market. Protecting the rights of dealers in the real estate market. It also wants to raise the level of efficiency of the real estate sector. Attracting investments to the real estate sector. In addition to achieving sustainable development in the real estate sector.
<The General Authority for Real Estate provides many e-services through its electronic platform, including real estate inquiry. Real estate registration. In addition to issuing real estate licenses. Paying real estate fees. Finally, submitting complaints.
