Minister of Municipalities and Housing: Amendments to the Real Estate Registry System Increase the Efficiency of the Investment Environment

New amendments to the real estate registration system enhance the efficiency of the investment environment and protect owners' data.
Minister of Municipalities and Housing

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The Cabinet's decision headed by His Highness Prince Mohammed bin Salman, Crown Prince and Prime Minister, to approve amendments to some articles of the Real Estate Registration Law has been praised by those interested in real estate affairs within the Kingdom.

The amendments made to a number of articles of the Real Estate Registration Law included reducing the period for acquiring absolute authenticity, to be issued within a year. The amendments made to a number of articles of the Real Estate Registration System included reducing the period of acquiring absolute authenticity, to be issued within a maximum period of one year, which is calculated from the date of publication of the lists of real estate registered in kind in each region, as the period before the amendment exceeded more than a year, and under this amendment will increase reliability in the real estate sector, and will ensure the protection of owners" data.

Minister of Municipalities and Housing Majid Al-Hogail explained the feasibility of the amendments to some articles of the Real Estate Registration Law through his official page on the X platform, stressing that these amendments are a step that enhances the reliability of the real estate sector and raises the efficiency of its investment environment.

Majid Al-Hogail explained that this amendment will increase the reliability of the real estate sector and ensure the protection of owners' data. Al-Haqeel explained that the new amendments to the Real Estate Registration System regarding the duration of obtaining absolute authenticity reflect positively on the property registration experience, preserve the privacy of owners, and are consistent with the objectives of the comprehensive strategy for the real estate sector.