Real Estate Transfer – DAG Law Firm and Legal Consultancy

What is Real Estate Transfer? Real estate transfer is the legal process of transferring ownership of a property from the seller to the buyer, following the legal procedures approved in the Kingdom of Saudi Arabia. This is done through a notary public or authorized electronic platform such as the Najiz platform, with all procedures documented to ensure the protection of the contracting parties’ rights.
At DAG Law Firm and Legal Consultancy, we offer real estate transfer services by Saudi regulations, ensuring the process is smooth and legally secure.

Conditions for Real Estate Transfer in Saudi Arabia: To complete the real estate transfer process, the following conditions must be met:

• Property Ownership Title: The property must be documented with an official title deed.

• Clear of Disputes or Mortgages: The property must not be mortgaged or involved in any legal disputes.

• Financial Requirements: The agreed-upon amount between the parties must be paid through approved means.

• Payment of Government Fees: The required fees must be paid to complete the transfer process.

Methods of Real Estate Transfer in Saudi Arabia: Real estate transfer can be carried out in two main ways:

• Real Estate Transfer via Notary Public: The transfer request is submitted through the notary public, where both parties meet to sign the official contracts.

   

  • The seller and the buyer, or their authorized representatives, must be present with a valid power of attorney.
  • The documents are verified, and the property value is paid before completing the transfer.
  • After the process is completed, a new ownership title is issued in the buyer’s name.

• Electronic Real Estate Transfer via Najiz Platform: Simplifying the Process Online!
  

  The seller and buyer can complete the real estate transfer electronically via the Najiz platform, affiliated with the Saudi Ministry of Justice, by:

   

  • Logging in to Najiz with the National Access Account.
  • Choosing the electronic real estate transfer service.
  • Entering the seller’s and buyer’s data and property details.
  • Agreeing to the transfer terms and paying the amount through Mada service.
  • After completing the process, a new electronic title deed is issued in the buyer’s name. Note: This service is available only for residential properties, provided the property value does not exceed 3 million Saudi Riyals.

Real Estate Transfer Procedures:

• Prepare the Required Documents:

   

  • A copy of the official property title deed.
  • Valid national ID for the seller and buyer.
  • The notarized sales contract (if available).
  • Payment of real estate transfer fees.

• Submit the Transfer Request:

   

  • Electronically via the Najiz platform or through a notary public.

• Review the Request and Verify Data:

   

  • Ensure the property is free of any legal obstacles.

• Complete Payment and Issue New Title Deed:

   

  • Ownership is officially transferred, and a new title deed is issued in the buyer’s name.

Real Estate Transfer Fees in Saudi Arabia:

• Transfer via Notary Public: Free of charge and does not require any government fees.

• Electronic Real Estate Transfer via Najiz: A fee of 230 Saudi Riyals is charged, and paid electronically.

• Real Estate Transaction Tax: 5% of the property value, paid via the Zakat, Tax, and Customs Authority platform.

DAG Law Firm and Legal Consultancy Services in Real Estate Transfer: We guarantee you a legal and secure real estate transfer experience!

• Legal advice on all real estate transfer procedures in Saudi Arabia.
• Verifying the validity of contracts and property titles before executing the sale.
• Completing real estate transfer procedures either through the notary public or the Najiz platform.
• Reviewing contracts and ensuring the property is free of legal or financial issues.
• Offering legal solutions for any disputes related to real estate transfer.

Do you want to complete a real estate transfer smoothly and securely? Contact DAG Law Firm and Legal Consultancy to ensure the process is carried out according to Saudi regulations, protecting your rights as a buyer or seller!