The Real Estate General Authority (REGA) has announced that Thursday, 31 October 2024, corresponding to 28 Rabi Al-Thani 1446 Hijri, marks the deadline for the first phase of real estate title registration in 12 neighborhoods in Riyadh City.
REGA called on property owners in the following neighborhoods— Tuwaiq District, part of Areed District, King Abdulaziz District, Al-Sulaimaniya District, Al-Wizarat District, Al-Fakhriya District, Alisha District, Al-Sinaiya District, Al-Khalidiya District, Al-Dar Al-Baida District, Al-Difa District, and part of Namar Suburb District—to complete their registration through the electronic Real Estate Registry Platform before the deadline in order to benefit from property transaction execution services and the documentation of all changes to their properties.
REGA explained that real estate title registration enables the issuance of a "Property Number" and a Title Registration Deed for each registered real estate unit. The new Title Registration Deed includes the property’s precise geographical location, owner details, descriptions, condition, associated rights and obligations, and all real estate transactions related to it. This serves as the foundation for documenting ownership and the corresponding real estate rights, contributing to the sustainability and development of the real estate sector and its key enablers.
REGA confirmed that failing to register properties within the announced timeframe may subject owners to financial penalties as stipulated in the Law of Real Estate Registration. Penalties are determined by a specialized committee responsible for reviewing violations. However, REGA clarified that real estate title registration applications will continue to be accepted in all previously announced regions even after the specified registration deadline.
It is worth noting that the National Real Estate Registration Services Company (Real Estate Registry RER) is responsible for establishing and managing the Real Estate Register in the Kingdom using advanced technologies and geospatial data through an integrated digital platform that enhances transparency and trust in real estate services and data.