Money and business

4.9 million properties are ready to register in kind and 1.8 million deeds are issued


AdvertiseMore than 4.9 million properties are ready for in-kind registration in so far.

The official spokesman for the Real Estate Registry, Yazid Al-Yahya, revealed a plan to partially announce the start of registration in the Asir region during the current year, explaining that the project witnessed a qualitative transformation through the use of manned and drones to carry out the surveying.

Registration of real estate in Saudi Arabia

Al-Yahya stressed that the in-kind registration aims to give absolute authenticity to real estate deeds, which enhances the attractiveness of investment in the sector, stressing the The importance of integrating the roles between the General Authority for Real Estate, the Ministry of Justice, and the Ministry of Municipalities and Housing for the success of the system.

The CEO of the Real Estate Registry, Dr. Muhammad Al-Sulaiman, stated that the “Ashal” strategy focuses on providing an easy journey for beneficiaries, stressing that the doors of the Real Estate Registry “will remain open to everything that contributes to developing services and achieving the goals of the system.”

Building a reliable database

The Vice President for Institutional Communication, Dr. Ahmed Al-Qarni, indicated that the registry It contributes to generating added value for the state by building a reliable database, pointing out that the system is developing the concept of ownership to move from the question: “Who owns the property?” To “What does he own?”

Al-Qarni explained that real estate represents individuals’ rights and national investments that go beyond being a financial asset only. He explained that the sector is leading a national shift in processing historical data for millions of properties to become more accurate, transparent and sustainable.

These disclosures came during a visit organized by the Land Registry to a number of brokers and engineering offices to learn about its services.

The final meeting witnessed discussions between the attendees and the leaders of the registry, with the participation of Vice Presidents Engineer Hatem Qazzaz, Osama Al-Ajlan, Abdul Rahman Al-Daham, Engineer Muhammad Al-Muqri, and Abdul Rahman Al-Arifi to discuss proposals. Beneficiaries.

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