The Minister of Justice today launched the pilot version of “Real Estate Exchange,” which will be similar to financial markets, facilitating trading of real estate ownership through an integrated digital exchange and platform; ensuring the accuracy of information, the reliability of the instruments traded, and the speed of transactions.

The Real Estate Exchange offers its services to all users, including companies and individuals, Minister of Justice Walid bin Mohammed Al-Samaani explained in a previous statement that the launch of the exchange will be phased, noting that the ministry is working to establish the technical infrastructure and capabilities for it until comprehensive regulations are issued that will clarify all responsibilities and legal relationships.  

The Minister of Justice confirmed that the transition to the exchange will not be mandatory, at least in the initial stages. He explained that real estate ownership will be traded through an integrated digital exchange and platform that ensures the accuracy of information, the reliability of the instruments traded on it, and the speed of their exchange.