Real Estate Registry CEO Dr. Mohammed Al Sulaiman announced the launch of Real Estate Registry“s real estate technology sector empowerment strategy, and the launch of its initiatives by launching a developer portal that enables real estate technology companies to access the Real Estate Registry data using API.

During his keynote speech at the Global Proptech Summit 24, Al Sulaiman revealed that the Real Estate Registry, in cooperation with the General Authority of Real Estate (G.A.R.E.), has issued more than 350,000 title deeds. During his keynote speech at the 24th Global Proptech Summit, Al Sulaiman revealed that the Land Registry, in cooperation with the General Real Estate Authority, has issued more than 350,000 title deeds, noting that the number of properties declared for the first in-kind registration exceeded 1.6 million properties in five cities, and we aim to declare two million properties by the end of 2024.

The number of properties declared for the first in-kind registration exceeded 1.6 million properties in five cities, and we aim to declare two million properties by the end of the year 2024.

The use of real estate technologies in the real estate registry

Sulaiman explained that Real Estate Registry represents a new stage in the use of real estate technologies to support the real estate sector and enhance its sustainability and growth, through the efforts made by the Registry in registering real estate, to establish a comprehensive real estate register for all properties in the Kingdom, which will be a reliable reference that provides accurate information about the history of each property and the changes that have occurred to it, in addition to the rights and obligations associated with it. This is through an integrated digital platform that enables real estate owners to easily manage their real estate units, execute real estate transactions and document rights and obligations, with a range of services that provide added value to beneficiaries.

The launch of the technology strategy is part of the Kingdom's efforts to establish a comprehensive real estate registry for all real estate in the Kingdom. The launch of the Land Registry's real estate technology strategy will enable real estate technology companies to join the Sandbox pilot environment and benefit from the data and information of real estate properties and real estate transactions to provide various solutions and products to their customers and rely on them in making investment decisions, noting that the Land Registry will continue to hold strategic partnerships with real estate technology companies to enrich the real estate sector and achieve its sustainability and prosperity.

As part of the participation, the Real Estate Registry signed a number of contracts with real estate technology companies to enrich the real estate sector and achieve its sustainability and prosperity. As part of the participation, the Land Registry signed three agreements to enable real estate technology with Aqar Commercial Application Company, Spatial Technologies Company Limited, and Al Dalal Al Jadid Information Technology Company, in continuation of the Land Registry's efforts to enhance partnerships and cooperation with government agencies and private sector companies.

The Land Registry concluded its participation in the 24th Global Proptech Summit, which lasted on October 27 and 28, 2024, by reviewing the latest achievements and developments in the work of the Land Registry, ambitious targets and the role of the Land Registry in enabling real estate technologies.

The Land Registry concluded its participation in the 24th Global Proptech Summit, which lasted over two days.