Saudi Real Estate Transfer to Authority

The Saudi Council of Ministers, chaired by Crown Prince Mohammed bin Salman, has approved the transfer of digital and operational services related to real estate documentation processes, including the real estate exchange platform, its applications, and the data system, to the General Authority for Real Estate within six months. The decision aims to enhance the integration of the real estate ecosystem, unify digital services, and increase the efficiency and reliability of transactions to support the growth and sustainability of the sector. It is expected that the real estate exchange will be officially transferred from the Ministry of Justice to the Authority before the end of this year, with the benefit of staff expertise to ensure service continuity. Additionally, the council approved a one-year extension for the period to file labor lawsuits, declared 2027 as the "Year of Water," and condemned terrorist attacks targeting oil facilities and ships in Yemen, Iraq, and the Red Sea maritime area, reaffirming Saudi Arabia's right to respond decisively and protect its national interests.

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