Completing the first real estate coding and establishing the first global regulatory standard
The General Real Estate Authority announced the completion of the first operation "Real estate coding" A title deed was successfully obtained in the Kingdom, and circulated between the NHC and a number of investors, as the first innovation of its kind to be carried out under government regulatory supervision, and within the framework of efforts "Body" To lead the future of digital real estate solutions.
This came under the patronage of the Minister of Municipalities and Housing, Chairman of the Board of Directors of the General Real Estate Authority, Majid bin Abdullah Al-Hogail.
Addressing the challenges of the sector
confirmed "Body" Coding addresses one of the biggest challenges of the real estate sector, which is the huge value of the asset and the difficulty of dividing it, as coding gives the ability to transform large properties into small, tradable digital units.
This allows investors to own shares in a single asset, expands the investor base, increases market liquidity, and accelerates the financing process for real estate projects.
Global leadership for Saudi Arabia
The authority explained that Saudi Arabia is one of the first countries in the world to legalize real estate coding and set the first coding standards. It is official to convert properties into encrypted, machine-readable digital codes and link them to official real estate records.
She stated that this enhances the reliability of transactions and preserves the rights of parties. The Real Estate Registry Company worked to raise the readiness of the technical infrastructure by adopting the latest global practices, introducing advanced technologies, and building international partnerships that enable the real estate registry to be compatible with digital transformations, and to provide reliable data to real estate platforms.
She pointed out that this supports the growth of the digital assets market in The Kingdom.
A qualitative shift
The authority indicated that "Real estate coding" It represents a qualitative shift in real estate regulations. It enables building a more efficient and transparent market, by converting real estate assets into digital formats that can be processed immediately and linked to integrated government systems. In a way that enhances governance and raises the level of compliance.
She pointed out "Real Estate Authority" In the context of supporting the digital infrastructure of the sector, it will publish technical specifications for coding standards at the beginning of 2026, to enable real estate technology companies and digital solution providers, through the experimental regulatory environment, one of the initiatives of the Saudi Proptech Center SPH, to build innovative products that are compatible with national standards, support data integration, and enhance the market’s readiness for the shift towards digital assets.
It is noteworthy that this trend comes within the endeavors of "Body" Continuing to enable real estate investment, developing supportive legislation, expanding financing tools, and building a more attractive, transparent and sustainable real estate market, which reflects the Kingdom’s leadership in adopting future technologies for the real estate industry.
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