General Real Estate Authority that the deadline for the first physical registration of real estate in the Qurtuba neighborhood of Buraydah is approaching; specifically, by the end of Monday, October 7, 2024.

The Authority explained that the real estate registration process enables the issuance of a “property number” and a title deed for each registered property unit. The new title deed includes the property’s precise geographic location, owner information, property descriptions, and condition, as well as the associated rights and obligations and all real estate transactions pertaining to it; serving as the basis for documenting ownership and the resulting real estate rights; thereby contributing to the sustainability and promotion of the real estate sector’s growth and its key drivers.

the General Real Estate Authority that failure to register real estate within the period specified in the announcement exposes its owners to the financial penalties set forth in the Real Estate Registration System, which are determined by a committee specialized in reviewing violations, and that applications for real estate registration continue in all designated areas even after the registration period specified in the announcement has ended.