Statistics and data from the General Real Estate Authority revealed that the rental contracts documented in the «Ejar» platform have reached more than eight million rental contracts since the launch of «Ejar with more than 6.6 million residential leases documented and more than 1.3 million commercial leases documented.
2.8 million leases.
2.8 million contracts in 2023
The year 2023 is the most documented, with leasing contracts exceeding 2.8 million contracts, while the highest daily rate of documenting contracts reached 18 thousand contracts within one day. She stressed that these figures, which are witnessing a successive increase, reflect the confidence of the real estate sector in Ejar and the value-added services it provides, and contribute to raising the level of reliability in real estate transactions in the Kingdom.
<"Ejar« has provided real estate rental sector participants (tenant, lessor, and real estate broker) with a high level of transparency for real estate transactions, including: Verification of documents and deeds, data of the parties to the contract, integration with partner government agencies, dealing with a real estate broker licensed by the General Real Estate Authority, documentation of contracts through digital channels and accreditation with the Ministry of Justice, rental index, use of electronic payment channels in Ejar »mada« and »SADAD« to document and prove financial payments, and integration with real estate platforms, which facilitates the rental journey and preserves the rights of parties before and during the rental process.
The Real Estate Authority has provided a high level of transparency for real estate transactions, including.
The Real Estate Authority explained that Ejar has enabled customers to benefit from qualitative features that enhance trust between the parties and improve the efficiency of transactions, including: The rental index, delivery and delivery, saving the security deposit, evaluating the rental behavior, the possibility of making partial payments, different payment periods (annual, semi-annual, quarterly and monthly), and strategic partnerships with other service agencies, which enabled them to transfer services in the name of the actual user of the rental unit, which contributed to enriching the real estate rental sector, stimulating investment in it, and preserving the rights of the parties to the rental process.
The Real Estate Authority explained that »Ejar« has enabled customers to benefit from qualitative features that enhance confidence between the parties and improve the efficiency of transactions.
