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معرض سيديرو للتطوير

The Real Estate Systems Forum in Al-Ahsa'a will issue its recommendations and discuss them soon

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After extensive discussion during the forum's sessions, the forum came up with a number of recommendations represented in the following points:

<First: The importance of activating the implementation of the mortgage system and drafting its executive regulations. Second: Simplify the procedures for transferring ownership of real estate through the development of regulations that regulate the proof of ownership and its transfer to achieve accuracy and speed of implementation.

Third: The importance of activating the implementation of the mortgage system and drafting its executive regulations. Third: Work on developing a mechanism to ensure the speedy resolution of real estate disputes, including the development of a procedural system for the real estate courts whose establishment has been approved.

Fourth.

Fourth: Coordination between the Ministries of Justice and Municipal and Rural Affairs in all matters related to real estate affairs.

Fourth.

Fifth: Accelerate the activation and implementation of the real estate registration system and recommend to the Supreme Court to determine the judicial principles of real estate.

VI.

Sixth: The importance of spreading awareness in real estate transactions and documenting them, and highlighting the role of arbitration in shortening time and procedures, especially with regard to real estate contributions and inheritances.

VII.

VII: Finding an appropriate formula for coordination between the Saudi Arabian Monetary Agency and the Ministry of Justice to work on standardizing financing and real estate registration models.

VII.

Eighth: Addressing the Ministry of Municipal and Rural Affairs represented by Al-Ahsa Municipality to prepare an indicative real estate atlas for Al-Ahsa.

<The Al-Ahsa Chamber is expected to discuss the recommendations of the forum in workshops soon.