45% of occupied residential rental units are documented with “Ejar” contracts”

Apartments for rent - apartment rental platform - residential rental - real estate lease

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Exceeded Residential lease contracts documented in the electronic network for rental services 3 million residential lease contracts since the launch of the program until May 2022, which means that 45% of the market size of occupied residential rental units in the Kingdom is documented by lease contracts, which reflects the excellence of the services provided by the Ejar network for the parties to the rental process, while the number of real estate units whose data was registered in the network exceeded 4.3 million rental units.

The “Ejar” program confirmed in a press release that the development of the network, improving services and adding continuous features contributed to increasing the confidence of the beneficiaries of the real estate rental sector, which contributed to setting records during the past period in the number of documented contracts, registered units or financial transactions that take place through the network.