The first workshop was titled “The Journey to Ownership”. <The speakers addressed several topics, including immediate eligibility and real estate development mechanism, products and beneficiary segments, packages and housing support, Sakany platform and Sakany e-services, indicating that the ownership rate in the Kingdom reached 60%, and that one of the targets of the Saudi Vision 2030 is to reach the ownership rate to 70%, through the Ministry's targeting of 4 pillars to achieve it, namely: Financing and housing support, supply support, regulations and legislation, electronic platforms and advanced digital solutions.

They pointed out that previously, 20,000 families were served per year, and with the Kingdom's Vision 2030 and the ministry's strategy, the service was provided to nearly 20,000 families within one month, as the number of beneficiaries exceeded 1,600,000 beneficiaries.

They pointed out that the number of beneficiaries exceeded one million and 600,000 beneficiaries. <They pointed out that the Residential Program aims to facilitate the procedures of enabling the Saudi family to own their first home by providing a range of housing solutions and options that suit the needs of the beneficiaries, as the program offers several products, namely: Self-build, ready-to-market units, housing support packages, under-construction projects, and residential land.

Participants discussed the program. <The participants discussed the suburbs established by the Ministry, including Al Jawan, which has more than 73,000 housing units, Al Waha, which has more than 19,000 units, Al Mayar, which consists of 17,000 housing units, Al Jawhara, which has more than 6,000 units, Al Sadeem, which consists of 6510 units, Al Dar, which consists of 6831 housing units, and Al Khayala, which has 3412 units, and the Ministry provides its residents with an attractive residential environment, integrated facilities and services, competitive prices, building models and various designs.

The participants drew attention to the achievements of Sakani and the most prominent digital transformation points, including immediate eligibility, financing recommendations, waiver of support between spouses, selection of housing products, review and reservation of housing projects, review and signing the contract for residential lands, e-finance, bearing the first home tax, real estate market, engineering designs, issuing building permits, list of approved contractors, list of engineering supervision, interior design of homes, documentation and review of the lease contract, and Sakani reports.

The participants drew attention to the achievements made by Sakani and the highlights of the digital transformation.

Introduction to Real Estate Brokerage

The second workshop, titled “Introduction to Real Estate Brokerage”, provided an introductory overview of real estate brokerage, which aims to develop participants" skills in contracting using the Ejar system to rent residential and commercial units efficiently.

The second workshop was entitled "Introduction to Real Estate Brokerage“, which aims to develop participants” skills in contracting using the Ejar system to rent residential and commercial units.

The workshop addressed several topics, including the professional ethics of the real estate broker, which helps to protect the client in real estate exchange processes such as selling, renting or managing property, the statutory and legal responsibility of real estate brokers, and introducing the Ejar network and the unified lease contract.

Real Estate Valuation. Organization and Development

The third workshop was entitled “Real Estate Valuation Regulation and Development” in which the Director of the Communication Department at the Saudi Commission for Certified Valuers, Saad bin Sulaiman Al-Bayez, addressed the roles of the Commission, which are to regulate the valuation profession, set the necessary standards and legislation, develop the valuation profession and raise the level of those working in it professionally, technically and ethically, raise awareness in increasing the confidence of society in the valuation profession to the level of prestigious professions, qualify and accredit residents to practice the valuation profession and monitor their performance, and activate professional control over members and licensed facilities according to international standards of evaluation.

He explained that no natural or legal person has the right to practice the profession of evaluation in any branch of evaluation unless he is licensed to practice the profession in the same branch, stressing the importance of an accredited evaluator, who has the basic conditions of the evaluation profession, which are a licensed professional working according to international standards, independent and neutral in the evaluation process, and legal responsibility for evaluation reports.

The impact of Ejar network on the real estate rental market

The fourth and final workshop on Tuesday discussed “The impact of Ejar network on the real estate rental market and its relationship with improving the investment environment,” explaining that the Ejar program exceeded 4.5 million electronic rental contracts documented in the electronic network for rental services, and about 4 million rental transactions recorded by the rental index until the end of September.

The fourth and final workshop on Tuesday discussed “The impact of Ejar network on the real estate rental market and its relationship with improving the investment environment.” He explained that the “Ejar” program is an integrated electronic network that aims to regulate the real estate rental sector in the Kingdom, preserve the rights of the parties to the rental process (tenant, lessor and real estate broker), and provides a set of electronic solutions that contribute to the development, regulation and facilitation of the real estate rental sector to achieve balance in the sector, enhance confidence in it, and contribute to stimulating investment in it through documenting contracts, activating their use as executive documents, and preserving the rights of all parties to the rental process, with unified electronic contracts approved by the Ministry of Justice; which contributed to reducing disputes in the real estate rental sector and raising its efficiency.

<“Ejar” offers electronic options and tools that represent added value in the real estate sector, including: Electronic pickup and delivery service, rental behavior service to evaluate the rental experience, rental index, contract registration service through real estate platforms, contract authentication service through Sakani platform - which was recently launched to enable the lessor or tenant or their representatives to approve the authentication of residential rental contracts registered in “Ejar”, as one of the channels for approving contract authentication - as well as other services. Other services, in addition to concerted efforts with a number of regulatory and service agencies, contributed to achieving these figures and realizing the aspirations of the beneficiaries of the rental property sector, whether landlord, tenant, real estate broker or investor.

<He pointed out that the residential leases documented in “Ejar” exceeded 3.8 million contracts, while commercial leases reached more than 700 thousand contracts, and about 4 million rental transactions recorded by the rental index varied between residential and commercial deals in more than 16 cities covering all regions of the Kingdom, indicating that such data achieves transparency and stimulates investment in the rental property sector in the Kingdom, noting that the service can be accessed in the ”Sakani” platform via the link: https://sakani.sa/reports-and-data. <"Ejar" provides services and works to develop them continuously to minimize disputes and preserve the rights of the parties to the contract, in addition to having strategic partnerships with service agencies to enable the parties to the lease contract to transfer services in the name of the actual beneficiary of the rental unit, in addition to proving financial transactions between the parties to the rental process through electronic payment, and providing various payment channels for rent payments, including: "mada" and "SADAD".