{"id":57391,"date":"2023-06-21T14:18:03","date_gmt":"2023-06-21T11:18:03","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=57391"},"modified":"2023-06-21T14:18:03","modified_gmt":"2023-06-21T11:18:03","slug":"%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","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/57391\/","title":{"rendered":"Buying and selling through the real estate registration platform by the end of this year"},"content":{"rendered":"

The National Company for Real Estate Registration Services intends to\u201cCadastre<\/a><\/strong><\/span>\u201dStart trading the sale and purchase of real estate via The \u201cEye Registration\u201d platform\u201d<\/a><\/strong><\/span>At the end of this year, in addition to providing the emptying and transfer of ownership service and the payment of the financial fee.<\/p>\n

The company will act as a mediator between the buyer and the seller, aiming to be the recipient of the private funds in the value of the real estate at the end of this year, by depositing them in the bank accounts of the company, and then verifying the validity and accuracy of the data related to the real estate transaction and then settling it between all parties in a fair and legal manner.<\/p>\n

Mohamed Al-Salim, head of the National Company for Real Estate Registration Services, confirmed that the platform includes the dissolution of real estate liens, the sorting and merging of documents for issuing land survey decisions, and the sale, purchase, and payment of the property value in the regions and properties that are subject to the real estate registration system without returning to centers that require attendance, such as offices and others.<\/p>\n

Visual registration of real estate covers 350 thousand properties<\/span><\/h4>\n

Mohamed Al-Salim explained that the company aims to register approximately 350,000 real estate properties on the platform by the end of 2023, including 300,000 in Riyadh City, while it aims to register approximately 80 percent of the real estate volume in all regions of the Kingdom over the next five years.<\/p>\n

He pointed out that the volume of applications for physical registration of properties submitted by owners of these properties in the Al-Falah neighborhood of Riyadh reached about 40 percent during the month of the start of physical registration of the property, noting that the company is seeking to announce the start of physical registration in seven new neighborhoods in Riyadh in the coming month of September.<\/p>\n

Regarding the mechanism for registering real estate owned by diplomatic entities, global bodies and organizations, al-Salim explained that these cases are special and accordingly each case will have its own specific guidance. Therefore, in such matters, the company reverts to the legislating authority, the General Authority for Real Estate, and requests the appropriate mechanism to handle such cases. He emphasized that the company\u2019s role is limited to maintaining records and conducting transactions.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The National Real Estate Registration Services Company (\u201cReal Estate Registry\u201d) plans to begin facilitating the buying and selling of real estate through the \u201cReal Estate Registration\u201d platform by the end of this year, in addition to offering services for title clearance, transfer of ownership, and payment processing.<\/p>","protected":false},"author":10,"featured_media":31488,"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":[7791],"tags":[],"class_list":["post-57391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-strategy"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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