Dr. Mohammed Al-Suleiman, CEO of the Real Estate Registry, announced the launch of a strategy aimed at empowering the real estate technology sector through the Real Estate Registry. This initiative includes the introduction of a developer portal that enables real estate technology companies to access registry data via an API (Application Programming Interface).

During his keynote address at the Global PropTech Summit 24, Dr. Al-Suleiman highlighted that the Real Estate Registry, in collaboration with the General Authority for Real Estate, has issued over 350,000 property ownership registration deeds. He noted that the number of properties declared for initial registration has surpassed 1.6 million across five cities, with a target of announcing two million properties by the end of 2024.

Dr. Al-Suleiman explained that the Real Estate Registry marks a new era in the application of real estate technologies to support the property sector and enhance its sustainability and growth. This initiative is part of ongoing efforts to establish a comprehensive registry for all properties in the Kingdom, serving as a reliable reference that provides accurate information regarding the history of each property, any changes that have occurred, and the associated rights and obligations. This will be facilitated through an integrated digital platform that allows property owners to manage their units easily, execute real estate transactions, and document rights and obligations, along with offering a range of value-added services to beneficiaries.

Additionally, he announced the signing of three agreements with the Real Estate Application Company, Spatial Technologies Limited, and Al-Dalal Al-Jadid for Information Technology, aimed at enhancing partnerships and collaboration with government entities and the private sector.

The Real Estate Registry concluded its participation in the Global PropTech Summit 24, held on October 27-28, 2024, by presenting its achievements, ongoing developments, and ambitious goals in the realm of real estate technology empowerment.