Minister of Municipality and Housing: A central registry to register 85% of lands and properties in the Kingdom

Monday 08 June 2026
momah

The ministry revealed its intention to establish a real estate arbitration center.

Minister of Municipality and Housing: A central registry to register 85% of lands and properties in the Kingdom

 

During the opening of the “Future of Real Estate Forum” today, His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, revealed that the sector will witness growth in land and property registration in the coming period through the establishment of a central land and property registry with a coverage rate that will reach 85%, noting the Ministry’s intention to find mechanisms and procedures to resolve real estate disputes and establish a real estate arbitration center.

During his participation in the opening session of the forum, His Excellency explained that the total number of subsidized housing finance contracts will reach 1.2 million new contracts with a total value exceeding 600 billion riyals during the coming years, while the real estate sector will contribute to the gross domestic product by a percentage exceeding 8.79% by the year 2030, and the registration of specialists in the real estate field (developers - real estate offices and others) will witness an increase of 80%, which will enhance the growth of employment opportunities in the sector at an annual rate of 2.57% until the year 2030.

He pointed out that the figures and future studies confirm that the residential real estate sector will witness an increase in the number of new housing units by about 375,000 units, compared to less than 20,000 in 2016, i.e., before the launch of the Vision programs. The market will also witness the injection of more than 500,000 new financing contracts during the coming years, and the implementation of more than 300,000 units in all cities and regions of the Kingdom with the aim of enhancing the balance of the real estate market through finding innovative financing solutions.

In the area of regulatory and legislative trends in the real estate sector, Al-Haqil stressed that the ministry has worked during the past periods on several real estate regulations that included the developed contractor classification system to raise their executive capabilities, the owners’ association, the rental system, and building sustainability programs, which have proven their effectiveness in the past period.

His Excellency stressed the continuation of work on establishing a central register for lands and properties and launching more tools to raise the quality of regulation and supervision of real estate activities to improve the Kingdom’s position in international indicators related to the real estate sector such as: “Governance Effectiveness Index”, “Global Competitiveness Index”, and “E-Government Index”, in line with the goals of Vision 2030.

Al-Haqil stated that the real estate sector is witnessing significant growth, with more than 12,000 units being added monthly, including both "ready" and "under construction" units, in addition to "self-build" units for those who own land, at a rate of 6,000 per month.

Regarding the rental sector, Al-Haqil confirmed that the sector contributed to creating controls on rent through the “Ejar Electronic Network”, which recorded more than 3 million documented contracts between residential and commercial contracts, with the aim of improving rental controls, which affected raising the percentage of family savings from 6% to 10%, within the strategic initiatives of the General Authority for Real Estate to regulate rental monitoring mechanisms.

His Excellency revealed the Ministry’s intention to create an attractive environment for real estate investment in the municipal sector by increasing the maximum contractual periods to reach 50 years to support attracting capital investments for major projects, and seeking to develop legislation to enable the investment of 25% of parks and public facilities of the land area in various commercial activities, in addition to other investment enablers such as naming and sponsorship rights for parks and the possibility of holding events throughout the year, and expanding the establishment of companies owned by the secretariats and municipalities to be their investment arms.

It is worth mentioning that the “Future of Real Estate Forum” and the accompanying exhibition launched its first edition today, Wednesday, with the participation of more than 100 speakers from the public and private sectors and an elite group of economists and investors in the real estate sector, under the patronage and presence of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail. The exhibition witnessed a visit by His Royal Highness Prince Turki bin Talal bin Abdulaziz Al Saud, Governor of the Asir Region, His Excellency the Minister of Human Resources and Social Development, Engineer Ahmed bin Suleiman Al-Rajhi, and His Excellency the Chairman of the Board of the Capital Market Authority, Mr. Mohammed bin Abdullah Al-Quwaiz.

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The Kingdom of Saudi Arabia