RIYADH — The Ministry of Justice’s Actual Property Market platform has witnessed a surge of exercise in its first week of operation, with practically 61 million sq. meters of actual property traded throughout all Saudi areas.
The platform recorded 17,000 transactions price greater than SR17 billion, and attracted over 500,000 customers.
The platform, which is on the market 24/7 at srem.moj.gov.sa, affords numerous providers to its shoppers, comparable to shopping for and promoting actual property, subdividing and merging property utilizing the true property id, acquiring mortgage-related providers, and digitizing property title deeds on-line.
One of many options of the platform is that digitized title deeds are mechanically listed among the many “accessible properties” on the market.
Furthermore, shoppers can verify their very own properties by logging into the “Actual property inquiries” service and choosing “Owned properties.”
The platform additionally supplies a variety of every day indicators for the worth of transactions in Saudi cities and districts.
The transactions may be displayed by hour, day, week, month, yr, or the total historic interval because the digital registration of properties. — SPA