Saudi Real Estate Market Platform Records 17,000 Transactions Worth over SAR17 Million in First Week of Operation

The Real Estate Market platform of the Saudi Ministry of Justice has witnessed a surge of activity in its first week of operation, when nearly 61 million square meters of real estate were traded across all Saudi regions.

The platform recorded 17,000 transactions worth more than SAR17 billion, and attracted over 500,000 users.

The platform, which is available 24/7 at srem.moj.gov.sa, may be used for various services, such as buying and selling real estate, subdividing and merging properties by using the real estate identity, obtaining mortgage-related services, and digitizing property title deeds online.

One of the features of the platform is that digitized title deeds are automatically listed among the “available properties” for sale. Moreover, clients can check their properties by logging into the “Real estate inquiries” service and selecting “Owned properties”.

The platform also provides several daily indicators about the value of transactions in Saudi cities and districts. The transactions can be displayed by hour, day, week, month, year, or the full historical period since the digital registration of properties started.