Guide to Transferring Ownership of Real Estate with In-Kind Registration via the Real Estate Registry Platform: Steps, Conditions, and Costs

Introduction to the Real Estate In-Kind Registration System

The real estate sector in the Kingdom of Saudi Arabia has witnessed a significant digital and regulatory transformation aimed at enhancing transparency and protecting stakeholders' rights. The real estate in-kind registration system is one of the key pillars of this transformation, granting the property absolute legal effect and accurately documenting its geographical and regulatory data. Among the most prominent services offered under this system is the transfer of in-kind registered property ownership, which allows the transfer of ownership between parties of various legal forms with appropriate flexibility and security.

This service enables beneficiaries to transfer ownership whether the transaction is between an original owner and another, from an individual to a group (of Saudi citizens), or from a group to a group, through approved digital channels or field branches of the Real Estate Registry for a specified fee. Please note that some governing details and procedures are subject to ongoing operational updates by the competent authorities, requiring continuous verification of requirements through official channels.

Beneficiary Categories and Service Channels

The in-kind registered property ownership transfer service targets a specific segment of real estate market participants to ensure transaction governance and the accuracy of registered data.

Beneficiary Categories

• Owners of properties located within officially declared real estate zones for in-kind registration.
• Legal representatives of property owners under valid legal powers of attorney or guardianship deeds.

Service Delivery Channels

The service is available through three main channels to ensure easy access and meet the needs of all categories:

• The official online platform of the Real Estate Registry.
• The Real Estate Registry smart mobile application.
• Real Estate Registry field branches (designated for specific cases, such as multiple agents for the same owner).

Service Fees and Execution Timeframe

The relevant authorities have established clear costs and timeframes for completing property transfer transactions, contributing to higher efficiency in commercial and real estate dealings:

• Service Fee: 1,600 SAR.
• Service Execution Time: 3 working days.

It is worth noting that in buy and sell cases, transferring the amount to the beneficiary's (seller's) bank account may take up to five working days from the deposit date of the property value. This duration is due to verification procedures, completion of the ownership transfer, and the availability of secure technical integration systems with relevant government and banking entities.

Regulatory Requirements and Conditions Before Starting

To ensure property transfer requests are accepted without delay, transacting parties must fulfill the following conditions and requirements before submitting the request:

• Consent and Presence of Stakeholders: Approval and presence of the original owners and registered right holders of the property are required.
• Real Estate Transaction Tax (RETT): Payment of the Real Estate Transaction Tax (if applicable) and obtaining the tax reference number linked to the property number issued by the Real Estate Registry.
• Legal Powers of Attorney: Submitting a valid power of attorney if the applicant is an agent. An individual agent is permitted to conduct the transaction via the platform and application, whereas if the same owner has multiple agents, service is provided exclusively by visiting a Real Estate Registry branch.
• Guardianship Deeds: Submitting a valid guardianship deed if the applicant is a guardian.
• Provisions for Minors: Possession of an enforceable court order (sale permission) if the owner is a minor and the guardian is not the father. If the minor is over 18 years old, a deed of continuation of the father's guardianship issued by the competent judicial authority must be provided.

Steps for Ownership Transfer of In-Kind Registered Property (Step-by-Step)

The ownership transfer process follows sequential steps starting from the seller and ending with buyer confirmation and fee payment, according to the following mechanism:

First: Seller (or Applicant) Steps

1. Log in to the platform or application, select the desired property from the list of registered properties, and carefully review its data and current owners' details.
2. Enter ownership transfer details, including: specifying transaction type (sale), entering the sale amount, specifying the percentage to be transferred, adding the RETT reference number, and entering the IBAN for amount transfer.
3. Click the “Verify” button to ensure the IBAN is registered under the seller's own ID number.
4. Add basic buyer details (National ID or Iqama number, and date of birth).
5. Review the full data summary, enter the verification code sent to the mobile phone, and officially submit the request.
6. Upon buyer approval, navigate to request details and pay the service fee (1,600 SAR) via Sadad or bank card.

Second: Buyer Steps

1. Log in to the personal account on the Real Estate Registry platform or application and navigate to “My Requests”.
2. Review the incoming request from the seller and all included data and details.
3. Approve the request and select the appropriate payment method to complete the property value payment and proceed with ownership transfer procedures.

Role of Yazan Al-Asiri Real Estate Brokerage Platform

Successful real estate transactions require a precise understanding of legal procedures, tax obligations, and financial commitments. At Yazan Al-Asiri Real Estate Brokerage Platform, we assist our clients through various stages of real estate dealings, from searching for suitable opportunities to completing deed transfer and registration procedures.

If you are looking for verified properties or wish to list your property for sale, you can visit Properties Page to explore our available options. Our feature also allows you to Property Request Page submit your property specifications so we can fulfill your request according to the highest standards of quality and transparency. For any additional inquiries regarding our comprehensive services, we are pleased to connect with you directly via our page Contact Page.

Concluding Disclaimer

Adhering to regulatory requirements and providing necessary documents, such as guardianship deeds, powers of attorney, and the RETT reference number, ensures the completion of the ownership transfer process within the specified timeframe (3 working days). Since real estate regulations and systems may undergo regulatory updates by legislative bodies, we always recommend verifying the latest conditions through official platforms before initiating the transaction.