Electronic Real Estate Transfer in Saudi Arabia: Your Guide to Understanding the Service Fully

In light of the digital transformation witnessed by the Kingdom, electronic real estate transfer has become one of the most important real estate services that has facilitated ownership transfer procedures and accelerated the buying and selling process. This service enables individuals and companies to complete real estate deals easily and securely through an electronic portal without the need to visit notary publics, which saves time and effort and reduces traditional paperwork.

This service holds particular importance in the commercial and residential real estate sector in Saudi Arabia, as it contributes to accelerating large transactions and facilitating the management of real estate investments. This, in turn, enhances market efficiency and raises the level of transparency and trust between parties.

What is Electronic Real Estate Transfer? Electronic real estate transfer is a digital service provided through platforms such as Najiz and the National Unified Access (Nafath), allowing for the immediate and secure transfer of property ownership between parties. This system aims to simplify procedures, save time, and reduce costs, while maintaining the highest degree of legal accuracy.

Conditions and Procedures for Electronic Real Estate Transfer in Saudi Arabia To activate the electronic real estate transfer service in Saudi Arabia, a number of conditions must be met, most notably:

• The property deed must be electronic and free of any restrictions such as mortgage or endowment.
• All parties to the transaction must be Saudi citizens over 18 years old.
• An active account on the "Absher" platform.
• The property value should not be less than 1,000 Saudi Riyals and not exceed 100,000 Saudi Riyals.
• Verification of the real estate transaction tax reference number. The service also requires the parties to acknowledge the accuracy of the data to enhance the credibility of the transaction.

Steps to Perform Electronic Real Estate Transfer The steps for electronic real estate transfer can be performed through the "Najiz" portal or the "National Unified Access" platform by:

• Logging in to the platform.
• Selecting the "Real Estate Transfer" service.
• Entering property and buyer data.
• Entering the bank account number (IBAN).
• Verifying transaction data and real estate transaction tax.
• Buyer's approval within 3 days to complete the process. If approval is not given within the specified period, the request is automatically canceled.

Platforms Providing Electronic Real Estate Transfer Service The electronic real estate transfer service can be accessed through:

• The "Najiz" electronic platform website.
• The "Najiz" smartphone application.
• The "National Unified Access" platform.
• Visiting "Najiz" government centers when needed.

Frequently Asked Questions

Are there fees for electronic real estate transfer? The Ministry of Justice does not impose any fees on the use of the electronic real estate transfer service. The service is completely free as part of the digital transformation initiative to facilitate real estate procedures for citizens.

How to inquire about the electronic real estate transfer service? For inquiries about electronic real estate transfer in Saudi Arabia, you can contact through:

• Unified number: 1950
• Email: 1950@moj.gov.sa
• Or through the FAQ section on the "Najiz" platform or the "National Unified Platform."