{"id":35138,"date":"2022-04-21T12:52:26","date_gmt":"2022-04-21T09:52:26","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=35138"},"modified":"2022-04-21T12:52:26","modified_gmt":"2022-04-21T09:52:26","slug":"40-%d9%85%d8%a7%d8%af%d8%a9-%d9%81%d9%8a-%d9%86%d8%b8%d8%a7%d9%85-%d8%a7%d9%84%d8%aa%d8%b3%d8%ac%d9%8a%d9%84-%d8%a7%d9%84%d8%b9%d9%8a%d9%86%d9%8a-%d9%84%d9%84%d8%b9%d9%82%d8%a7%d8%b1-%d8%aa%d8%b9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/35138\/","title":{"rendered":"40 articles in the \u201cReal Estate Registration\u201d system enhance data accuracy and validity"},"content":{"rendered":"

It contained Real Estate Registration System<\/span><\/a> In 40 articles, all the details and procedures for the physical registration of real estate have been determined, including the granting of the General Authority for Real Estate the authority to register real estate physically, with the possibility of engaging the services of governmental entities or assigning it to private sector companies, in addition to establishing the Real Estate Registry Authority and ensuring the validity, accuracy, and integrity of real estate information and data. The system also features the granting of absolute proprietary rights in proof.<\/p>\n\n\n\n

At the level of subsequent real estate transactions, the system determined in Chapter V the controls and procedures for registering real estate transactions; it did not merely register them; it also went beyond that to require that contracts and obligations relating to the benefit of the property be included, such as rent if the term is ten years or more; the system also outlined procedures for disposing of real estate described on the map, registration fees, penalties, and control measures regarding the practice of surveying and grading related to the actual registration of the property.<\/p>\n\n\n\n

Majed bin Abdullah Alhakil, Minister of Municipal Affairs, Rural Affairs and Housing and Chairman of the Board of the General Real Estate Authority, explained that the issuance of the system comes as an extension of the interest and support that the real estate sector in the Kingdom receives, with the aim of increasing the reliability of ownership, enhancing the accuracy of information about real estate, and safeguarding the rights of the sector's stakeholders, in line with the objectives of the Kingdom Vision 2030 programs in digital transformation, real estate wealth development, and enhancing the investment attractiveness in the real estate sector.<\/p>\n\n\n\n

Hakil emphasized that the role of the real estate registration system is to unify supervision of real estate registration under one authority with ease and convenience, in accordance with best international practices, to ensure the accuracy of information and data regarding all types of real estate, and to build a comprehensive real estate registry for all subsequent transactions following the real estate registration in the unified real estate registry.
For his part, Prince Saud bin Talal bin Bader, the Chief Executive Officer of the General Authority for Real Estate, emphasized that the system contributes to achieving the objectives of the Kingdom Vision 2030 by developing the real estate wealth and enhancing transparency and reliability in the real estate sector, as well as limiting real estate disputes, while also defining the General Authority for Real Estate as a unified government entity tasked with overseeing the physical registration of real estate, which will enhance the efficiency and flexibility of physical real estate registration processes and serve the public interest and property owners of all segments.
Prince Saud bin Talal stated that registering land and real estate is one of the priorities of the comprehensive strategy for the real estate sector, which was issued with the approval of the Council of Ministers. Building a comprehensive real estate registry for land and property will contribute to achieving the third strategic pillar of market efficiency, making it vital and attractive, and giving confidence to participants.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Real Estate Registration Law contains 40 articles that define all the details and procedures for real estate registration, foremost of which is granting the General Authority for Real Estate the competence to register real estate in kind with the possibility of using government agencies or assigning it to private sector companies, in addition to establishing the real estate registry and ensuring the correctness and accuracy of real estate information and data, and the system was characterized by granting real estate ownership ... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":74034,"comment_status":"open","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":"0","_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":[104],"tags":[],"class_list":["post-35138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-and-regulations"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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