Fahad Al-Othman: “Ejar” program will revolutionize the activity of real estate offices

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Real estate expert Fahad bin Abdulrahman Al-Othman, General Manager of Fahad Al-Othman Real Estate Office in North Riyadh, welcomed the «Ejar» system that the Ministry of Housing is about to implement soon, noting that the new system will have positive results in drawing the relationship between owners and tenants, and will contribute to resolving financial disputes between the two parties, through documented contracts organized by real estate offices under the supervision of the Ministry of Housing.

Al-Othman explained that the «Ejar» system, if implemented in its ideal form, will solve a number of issues faced by real estate offices and property management and reduce the rate of default and limit the accumulation of tenants" indebtedness, pointing out that the courts are overcrowded with a large number of financial disputes in the real estate sector exceeding 25%, and the new system will contribute to reducing the pressure on the Ministry of Justice from these cases that the system will work to resolve automatically.

The new system will contribute to reducing the pressure on the Ministry of Justice from these cases that the system will automatically resolve.

At the end of his speech, Al-Othman revealed that they in the real estate offices are waiting for the program to go down on the ground to benefit from it and the database provided by "Ejar" and reveals investment opportunities for businessmen and gives consumers and tenants many options, and will be considered a real barometer to measure the real estate market, and Al-Othman expected a qualitative leap in the activity of real estate offices and the expansion of their activity, and a decrease in the rental prices of residential units.