{"id":58796,"date":"2023-08-27T13:23:53","date_gmt":"2023-08-27T10:23:53","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=58796"},"modified":"2023-08-27T13:23:53","modified_gmt":"2023-08-27T10:23:53","slug":"%d8%a7%d9%84%d8%b3%d8%ac%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/58796\/","title":{"rendered":"Real Estate Articles Real Estate Articles The Real Estate Registry is the pillar of the modern real estate renaissance"},"content":{"rendered":"

The Land Registry: The Cornerstone of the Modern Real Estate Boom<\/span><\/h4>\n

Mohammed Al-Hassami<\/p>\n

The Kingdom\u2019s Vision 2030 and the subsequent measures it entailed revealed the need for greater regulation in the real estate sector\u2014whether at the level of laws and regulations, administrative and technical procedures, or even on-site operations and performance. Real estate regulation previously suffered from the existence of multiple property registration systems in effect in the Kingdom at that time, and the almost exclusive reliance on Title deeds<\/a><\/strong><\/span>, which in and of itself is insufficient to provide a complete picture of the property\u2019s legal status.<\/p>\n

The General Real Estate Authority has taken a significant step by introducing Cadastre<\/span><\/strong><\/a>For the first time in its history, the Kingdom is set to implement comprehensive real estate regulation by establishing a single authority for real estate and assigning an independent registry to each property, each with its own identification number, which contains all documents and records detailing the property\u2019s description, location, boundaries, physical and legal status, all transactions involving it, and the associated rights and obligations.<\/p>\n

The greatest benefit of the real estate registry is not simply the assignment of a comprehensive file with a unique identifier to each property; rather, its importance is most evident in its economic, legal, and social benefits. Once completed, the registry will contribute to achieving the four pillars of the comprehensive real estate sector strategy adopted by the Council of Ministers, which will serve as a catalyst for the recovery of the real estate market by enhancing its efficiency and governance, ensuring its sustainability and vitality, attracting investment, and fostering development.<\/p>\n

The registry will also play a role in establishing property ownership rights, thereby reducing real estate disputes in court and curbing fraud and embezzlement, since the registry will have conclusive evidentiary value; and it may only be challenged on the grounds of a clerical error or forgery.<\/p>\n

The registry will help in understanding changes in housing dynamics, which play a significant role in urban planning and city governance, thereby assisting officials in their decision-making processes.<\/p>\n

The Real Estate Authority\u2019s mission to ensure the success of the real estate registry is no easy task; it will aim to register eight million properties and will use modern tools and technologies that require significant skills and expertise, It will conduct surveys, field inspections, and process deed data. However, no matter how much effort is expended, this mission will not succeed in achieving its goals without the awareness, understanding, support, and cooperation of property owners.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Real Estate Registry is the pillar of the modern real estate renaissance Mohammed Al-Hassami The Kingdom's Vision 2030 and its subsequent measures revealed the real estate sector's need for more organization, whether at the level of laws and regulations, or at the level of administrative and technical procedures, and even at the level of field and performance, as the real estate organization previously suffered from the existence of multiple real estate documentation systems in use in the Kingdom at the time, and the semi-dependence ... Read more<\/a><\/p>","protected":false},"author":28,"featured_media":52885,"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":[],"footnotes":""},"categories":[119],"tags":[],"class_list":["post-58796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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