The “Ejar” program recorded an increase in the number of real estate units registered in the electronic network for rental services, with the number of registered units exceeding 3 million units, ranging from residential and commercial, from the beginning of the program until August 2021, and the number of real estate brokers registered in the program reached more than 20 thousand brokers.

Ejar explained that the network is witnessing development by accommodating multiple types of real estate units, as the number of registered units exceeded 3 million units since the launch of the program in mid-February 2021 until August 2021, which recorded a daily average of 3500 contracts between residential and commercial, indicating that the network contributes significantly to preserving the rights of all parties to the rental process, organizing the real estate rental sector and promoting investment in it, in addition to meeting the needs and desires of beneficiaries of the real estate sector by facilitating the use of the network at any time and place through easy and clear steps.

The program stressed that it continues to develop its electronic network for rental services, making many improvements and adding distinctive services, such as: The ability to approve the documentation of contracts through the network, improving the registration of real estate units and adding different types of properties, facilitating financial operations and mechanisms for paying or scheduling rental bills, and charging credits to landlords and real estate brokers, which contributed significantly to the growth of documented rental contracts.

The number of real estate brokers registered in the program exceeded 20 thousand real estate brokers, where the network offers many advantages that contributed to the development of the real estate broker's work and facilitated the management and follow-up of rental properties, such as adding a dashboard for the broker showing the status of contracts and available real estate units, the possibility of appointing a manager for more than one real estate brokerage facility provided that the manager is not the owner of the facility, in addition to many diverse advantages.

It is noteworthy that the “Ejar” program aims to enhance the reliability of the real estate rental sector, preserve the rights of all related parties from landlords, tenants and real estate brokers, draft standardized rental contracts that meet the needs of beneficiaries, improve the performance of the sector and increase its contribution to GDP, and reduce disputes by documenting contracts, and for more information you can visit the Ejar Network website at
https://www.ejar.sa.