Justice minister launches platform for clear actual property transactions

by ADeeL

RIYADH — Justice Minister Walid Al-Samaani inaugurated Sunday the “Actual Property Market” platform in Riyadh to facilitate actual property transactions and supply numerous e-services for property homeowners and patrons.

Attending was additionally Minister of Communications and Info Know-how Abdullah Al-Swaha.

In accordance with the Ministry of Justice, the true property market goals to boost buyer expertise and obtain transparency and reliability in the true property sector.

“It’s a part of the Actual Property Wealth Digitization initiative, which is likely one of the ministry’s tasks beneath the nationwide transformation program,” the Ministry’s press launch stated.

In cooperation with the Ministry of Municipal and Rural Affairs and the Saudi Central Financial institution, the platform allows customers to entry dependable details about the worth of actual property transactions in any geographical space they select.

It additionally allows them to handle their property portfolio and carry out divisions and mergers of title deeds utilizing the true property id.

To entry the platform, customers want to go to srem.moj.gov.sa, enter their private ID quantity after which the verification code obtained on the Nafath app.

After logging in, they will choose whether or not to make use of the platform for themselves or as brokers for others.

The platform provides numerous actual property buying and selling companies, reminiscent of “particular transaction” between a selected vendor and purchaser, “actual property reward” to a selected recipient, and “open transaction” and not using a predetermined purchaser.

It additionally permits customers to browse and bid for actual property provides, that are categorized in three classes: supplied, accessible and in-demand. — SPA

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