The General Authority for Real Estate (G.A.R.E.) The Authority emphasized that tokenization addresses one of the biggest challenges in the real estate sector, which is the large value of the asset and the difficulty of dividing it, as tokenization gives the ability to convert large properties into small tradable digital units, allowing investors to own shares in a single asset, expand the investor base, increase market liquidity, and accelerate the financing process for real estate projects.
The Authority stressed that tokenization addresses one of the biggest challenges in the real estate sector, which is the large value of the asset and the difficulty of dividing it, as tokenization gives the ability to convert large properties into small tradable digital units. The Authority explained that the Kingdom is one of the first countries in the world to legalize real estate coding and set the first official coding standards to convert properties into encrypted and machine-readable digital codes and link them to official real estate records, thus enhancing the reliability of transactions and preserving the rights of the parties. The Land Registry Company has worked to raise the readiness of the technical infrastructure by adopting the latest international practices, introducing advanced technologies, and building international partnerships that enable the real estate registry to comply with digital transformations and provide reliable data to real estate platforms, supporting the growth of the digital assets market in the Kingdom.
Real Estate Registry Company has worked to raise the readiness of the technical infrastructure by adopting the latest global practices, introducing advanced technologies, and building international partnerships that enable the adaptation of the real estate registry to digital transformation. The Authority pointed out that “real estate tokenization” represents a quantum leap in real estate regulation, enabling a more efficient and transparent market by converting real estate assets into digital formats that can be immediately processed and linked to integrated government systems, thus enhancing governance and increasing compliance.
As part of supporting the digital infrastructure of the sector, the Real Estate Authority will publish technical specifications for coding standards in early 2026 to enable real estate technology companies and digital solution providers, through the experimental regulatory environment, an initiative of Saudi Proptech Center SPH, to build innovative products compliant with national standards, support data integration, and enhance market readiness for the shift towards digital assets.
The Real Estate Authority has indicated that it will publish technical specifications for coding standards in early 2026. It is worth mentioning that this approach comes within the Authority's continuous endeavors to enable real estate investment, develop supportive legislation, expand financing tools, and build a more attractive, transparent and sustainable real estate market, reflecting the Kingdom's leadership in adopting future technologies for the real estate industry.
With this approach, the Authority will be able to build innovative products that comply with national standards, support data integration, and enhance market readiness to shift towards digital assets.
