New rules for the registration and governance of state-owned real estate

The Board of Directors of the State Property Authority adopts new rules for the registration and governance of state real estate properties.

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The Board of Directors of the General Authority for State Real Estate (GASRE) has approved the rules and procedures of the State Real Estate Registry to ensure the organization of real estate properties within the Kingdom and the regulation of the market.

In the framework of defining and organizing the necessary procedures to confirm the state's ownership of all its real estate properties. The rules and procedures of the State Real Estate Registry that have been approved contribute to the development of an integrated database on state real estate, which includes a number of items and requirements, namely:

  • Registering all real estate owned by the state as “state real estate.”
  • Government agencies coordinate with the General Authority for State Property the necessary procedures for registering state-owned real estate.
  • The General Authority for State Property establishes the “State Property Register”, which is an electronic register in which all state-owned real estate properties are registered.
  • Any change in registered state real estate, such as allocations or investments, is required to be registered.
According to the General Authority for State Real Estate, there are state-owned properties that are excluded from registration in the state real estate registry, namely properties for which special orders or decisions have been issued, and these properties are subject to the real estate registration system.