RER aims to register 80% of urban, agricultural areas in 5 years: CEO

Mohammad Hamad Al-Sulaiman, CEO of the National Real Estate Registration Services Co. 

The National Real Estate Registration Services Co. (Real Estate Registry-RER) aims to register 80% of Saudi Arabia’s real estate in urban and agricultural areas within the next five years, CEO Mohammad Hamad Al-Sulaiman tol Argaam in an interview.

In addition, RER plans to cover an area of 2.1 million square kilometers in the coming three years, he added.

The company earlier announced eight areas, starting from Al-Falah district in Riyadh in May and moving on to include seven other neighborhoods in Riyadh, with the total reaching 23,000 plots.

RER now looks forward to covering no less than 394,000 properties in Riyadh, Madinah and Dammam by the year-end.

Al-Suleiman also pointed out that the Real Estate General Authority (REGA) is the legislator for the in-kind registration of the properties, while the Ministry of Justice is responsible for managing real estate wealth, along with digitizing and indexing the deeds.

During 2024, RER aims to develop the financial sector in cooperation with companies with financial funding, and to cooperate with developers in sorting, merging, units, according to the CEO.

He explained that the regulations contribute to authenticity and transparency. The aim is to also change the descriptive status of the deeds to be comprehensive, so they include location coordinates, site type (residential, commercial, industrial), property history in terms of buying and selling, and, special restrictions.

From a financial viewpoint, it increases the reliability of foreign and local investments as reliability improves for deeds issued from the geospatial location. It eliminates the special impact of encroachments, differences in the boundaries and lengths of real estate, the CEO said.