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معرض سيديرو للتطوير

Courts to conduct nearly 4,000 auctions in 2023

With an average of about 11 auctions per day, investment and commercial real estate accounted for 40%, with Riyadh leading with 1123 auctions.
Auction - Courts

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<Official data and statistics revealed that the number of public auctions carried out by execution courts in Saudi Arabia about 4,000 public auctions during 2023, with an average of about 11 auctions per day, of which investment and commercial real estate accounted for about 40%.

Riyadh topped the list. <The Riyadh region topped the list of executed auctions with 1123 auctions, followed by the Makkah courts with 934 auctions, the Eastern Province with 537 auctions, the Qassim region with 281 auctions The number of auctions carried out in Hail amounted to 193 auctions, Asir with 164 auctions, Tabuk with 125 auctions, Jizan with 119 auctions, followed by Al-Jouf with 90 auctions.

<The number of public auctions in Al-Baha is estimated at 48 auctions, followed by the Northern Borders with 45 auctions, while Najran was the least number of public auctions with 27 auctions. The Ministry of Justice launched the second phase of the Preventive Justice Initiative, which includes work to convert more contracts to electronic and documented, and a number of projects that contribute to promoting the values of justice and transparency, achieving speedy justice, community security, and reducing judicial disputes.

Preventive justice in the real estate sector

Preventive justice is one of the most important stages of justice, as it is a protective justice, which is not limited to adjudicating disputes, but extends beyond and before, by ensuring that justice is achieved before the dispute arises by giving the right to its rightful owner from the beginning, such as Ijar contracts.

Preventive justice in the real estate sector.