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الاقتصادية
Al-Eqtisadia Issues 1.8 Million Property Certificates
The article focused on the efforts of the Land Registry in Saudi Arabia to document property ownership through the Torrential Registration System, which covers 10 regions and aims to register more than 4.9 million properties by 2028. To date, over 1.8 million ownership deeds have been issued, emphasizing that the Torrential Registration encompasses all types of real estate, whether commercial, residential, industrial, or agricultural, relying on the property itself as the fundamental unit. Additionally, the authority for property registration in Riyadh has been transferred from the Ministry of Justice to the Land Registry, with the experiment proving successful, and it is expected that this approach will expand to other cities later. The system makes it easier for owners to know the registration status of their properties and aims to unify data and simplify real estate procedures, along with developing a dedicated platform for the business sector to accelerate and streamline transactions.
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