The Supervisor of Real Estate Wealth at the Ministry of Justice summarized the concept of Real Estate Exchange as (a major virtual notary), with this brief definition we can say that the Ministry of Justice has benefited from harnessing science and enormous technical capabilities to improve the quality of work in all its facilities according to the digital transformation journey that seeks to upgrade life and its quality in its various economic fields.

It is no secret to anyone that the real estate market has become one of the important sectors in driving the national economy, and is classified as the second largest resource sector after oil, as its wealth is estimated at more than 100 million real estate documents, more than 10 million documents were digitized, according to the Ministry of Justice, this huge data raised the GDP of the real estate sector during 2020, to 143.2 billion riyals.

These simplified figures indicate the strength of the movement in the real estate sector, which was really in urgent need of a platform that controls its performance up and down, and establishes the principle of transparency in the buying and selling processes, especially the demand will not need to search for the authenticity of the instrument and the credibility of information; because all real estate data is documented and saved electronically within the digitization system achieved by the Ministry of Justice; which provides sufficient amount of credibility.

At the same time, prices will not be manipulated because the buyer who shows his desire to buy will be obliged to provide the price and deposit it so that the phenomenon of fictitious offers disappears, because the details of the deals are exposed to everyone from the time it was an offer until the transfer of the deed to the new owner.

At the same time, prices will not be manipulated.

It is expected that the stock exchange will reduce the average number of real estate disputes cases received by the judicial authorities, which exceeds 61 cases per day, which enhances real estate security, with which we can witness a civilized real estate market.

On the other hand, the real estate exchange will open new business fields for real estate brokers and residents; because the buyer will inevitably need legal, technical and economic advice on the condition of the property, and many do not prefer to buy until after inspecting the site on the ground.

The real estate exchange is expected to reduce the number of real estate disputes cases received by the judicial authorities.