The Law of Real Estate Registration is a government law focused on providing real estate registration services within the Kingdom of Saudi Arabia. It is overseen by the Real Estate General Authority. The law was introduced through a Royal Decree on April 20, 2022, and a Council of Ministers Resolution on April 19, 2022, replacing the previous Law of Real Estate Registration issued in 2002.
The law allocates an entry in the Real Estate Registry for each real estate unit containing a detailed description of the property in terms of its location, space, rights, and obligations.
Objectives of the Law of Real Estate Registration
The Law of Real Estate Registration aims to ensure that real estate property rights are proven and unchallengeable, reduce disputes pertaining to real estate units by safeguarding landlords' rights and facilitating the purchase and sale of property, strengthen investment in the real estate sector, and achieve clarity in the sector through the automation of real estate procedures.
General provisions of the Law of Real Estate Registration
The general provisions of the Law of Real Estate Registration stipulate that the Real Estate General Authority is the competent authority for real estate registration. It may use government entities or private entities to perform what it deems to be within their scope of competence in accordance with relevant terms and controls. The law applies to all properties located within the Kingdom.
As per the Law of Real Estate Registration, the competent entity establishes the Real Estate Registry, follows up on the relevant procedures, and ensures the validity and accuracy of the real estate units’ data, information, and rights as prescribed in the Real Estate Registry, as well as any deeds or documents issued by the Real Estate Registry. The competent entity is also involved in land surveying associated with real estate registration procedures, in accordance with the geospatial regulations approved by the competent entity.
The Law of Real Estate Registration stipulates that the competent entity owns the Real Estate Registry and its information. It has the power to utilize its data and make such data available to beneficiaries at price rates conducive to development as specified in the Implementing Regulations of the Law of Real Estate Registration.
Real Estate Registry in the Law of Real Estate Registration
Real Estate Registry data in the Law of Real Estate Registration may not be modified or changed, except in accordance with the provisions of the Law of Real Estate Registration and its Implementing Regulations. Such data is publicly accessible, save for confidential properties identified by the relevant entities.
First-time real estate registration terms
The Law of Real Estate Registration stipulates that any property must possess a title deed that meets the statutory requirements and fulfill the geospatial property requirements. The first-time registration of any real estate means that the property is registered for the first time in the landlord's name in the Real Estate Registry, in accordance with the procedures provided for in the law.
All real estate transactions of the first-time registration are registered in the Real Estate Registry, along with all supporting documentation including—inter alia: testament, endowment, real estate apportion, inheritance, mortgage, and grants.
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