{"id":109064,"date":"2026-08-23T16:46:00","date_gmt":"2026-08-23T13:46:00","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=109064"},"modified":"2026-08-23T16:44:57","modified_gmt":"2026-08-23T13:44:57","slug":"%d8%ac%d9%85%d8%b9%d9%8a%d8%a9-%d8%a7%d9%84%d9%85%d9%84%d8%a7%d9%83-%d9%85%d9%86-%d8%a5%d8%af%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d8%b5%d9%8a%d8%a7%d9%86%d8%a9-%d8%a5%d9%84%d9%89-%d9%85%d8%b3%d8%aa%d9%82","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/109064\/","title":{"rendered":"The Owners' Association: From Maintenance Management to the Future of Real Estate"},"content":{"rendered":"<p class=\"wp-block-paragraph\">When someone buys an apartment\u2014whether as an investment or a home\u2014their considerations often revolve around value, size, location, and service fees, but they rarely ask a question that looks beyond the moment of purchase: What will happen to this apartment in thirty or forty years, when the building has aged over time while the land remains\u2014and may even increase in value?<br>This is a natural question, given the expansion of <strong><a href=\"https:\/\/rega.gov.sa\/%D8%A7%D9%84%D8%A3%D9%86%D8%B8%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%84%D8%A3%D9%86%D8%B8%D9%85%D8%A9-%D9%88%D8%A7%D9%84%D9%84%D9%88%D8%A7%D8%A6%D8%AD-%D9%88%D8%A7%D9%84%D8%A3%D8%AF%D9%84%D8%A9\/%D8%A7%D9%84%D8%A3%D9%86%D8%B8%D9%85%D8%A9\/%D9%86%D8%B8%D8%A7%D9%85-%D9%85%D9%84%D9%83%D9%8A%D8%A9-%D8%A7%D9%84%D9%88%D8%AD%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D9%88%D9%81%D8%B1%D8%B2%D9%87%D8%A7-%D9%88%D8%A5%D8%AF%D8%A7%D8%B1%D8%AA%D9%87%D8%A7\/\">Joint Ownership<\/a><\/strong> In the Kingdom, particularly in major cities such as Riyadh, Jeddah, Makkah, and Dammam, in the first half of 2025, more than 55,000 real estate units with a total area exceeding 17 million square meters were registered, representing a 29% increase compared to the same period in 2024, During the same period, approximately 3,600 new homeowners\u2019 associations were registered, bringing the total number of accredited associations at that time to about 17,000, with more than 160,000 registered members.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And it does not mean <strong><a href=\"https:\/\/amlak.net.sa\/en\/64852\/\" data-type=\"post\" data-id=\"64852\">Sorted Units<\/a><\/strong> Residential apartments alone; the classification of units covers multiple real estate uses, but cumulative data from prior to the classification program reveals that residential use accounts for the largest share; approximately 312,000 of the more than 317,000 units classified at that time were residential units, These figures reveal the expansion of an important real estate model: the owner holds title to their unit through an independent deed but shares ownership of the land and common areas with others. For example, in a building with twenty apartments, after forty years the structure may become dilapidated and costly to maintain, while the value of the land may have doubled. At that point, some owners may want to renovate, while others may prefer to demolish and rebuild, and a third group may view selling the property to a developer as the best option. Some units may be mortgaged to banks, and others may have been transferred to heirs. In that case, who has the final say regarding the land?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The law has made significant strides in regulating the management of jointly owned properties\u2014from the delineation of units and identification of common areas to the establishment of homeowners\u2019 associations and the regulation of their management. In fact, the law considers the land itself to be a common area shared among unit owners, But the challenge arises when a building is still suitable for renovation, while redeveloping the land with new urban construction, unique designs, and a redistribution of units becomes more feasible for the owners than renovation. More mature markets have developed different solutions. In France and Australia, homeowners\u2019 associations have mechanisms for saving toward future projects, and planning is the responsibility of a 10-year capital works fund for property owners, Meanwhile, Singapore allows, under specific conditions and safeguards, a mechanism for the collective sale of properties upon obtaining a majority of owners\u2019 consent, without requiring full unanimity among the owners.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These models do not necessarily mean they should be replicated verbatim, but they reveal different stages of maturity\u2014such as unit owners setting aside funds for a future reserve, ten-year capital planning for the property\u2019s owners\u2019 association, and exploring an appropriate model for either fully renovating the building or selling it if the property becomes obsolete. A mature homeowners\u2019 association should not merely manage cleaning, elevators, and services, but should view the property as a sustainable asset with a long-term capital plan, periodic technical inspections, and estimates of future costs\u2014all aimed at extending the building\u2019s lifespan and determining its fate after 30 or 40 years. In the future, it may become important for buyers of used apartments to know not only the square footage and finishes, but also the financial and technical condition of the building itself, the balance of the homeowners\u2019 association fund, the association\u2019s obligations, and whether there is a future plan for renovating the property or selling it with the unanimous consent of the majority of owners.<br>@Fahadfaf12<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>When someone buys an apartment\u2014whether as an investment or a home\u2014their considerations often revolve around value, size, location, and service fees, but they rarely ask a question that goes beyond the moment of purchase: What will happen to this apartment in thirty or forty years, when the building has aged over time while the land remains and may even increase in value? This is a natural question, given the expansion of condominium ownership in the Kingdom, especially in \u2026 <a title=\"The Owners&#039; Association: From Maintenance Management to the Future of Real Estate\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/109064\/\" aria-label=\"Read more about the Owners&#039; Association: From Maintenance Management to the Future of Real Estate\">Read more<\/a><\/p>","protected":false},"author":65,"featured_media":26810,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[7782],"tags":[],"class_list":["post-109064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":{"amlak_post_excerpt":"\u062a\u0648\u0633\u0639 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