Ministry of Justice: 600,000 services provided to beneficiaries through the real estate exchange in 2023

The real estate exchange provides real-time data and transactions, promotes transparency, and supports the documentation and transfer of real estate ownership through 2023
Ministry of Justice - Real Estate Exchange

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Ministry of Justice revealed that more than 600,000 services were provided to beneficiaries through the real estate exchange during the past year 2023, which varied between transferring property ownership, amending a deed, sorting properties, linking a deed to real estate identity, mortgaging properties, sorting deeds, unmortgaging properties, updating deeds, and other services.

The Ministry of Justice revealed that the real estate exchange contributes to enhancing the investment environment in the Kingdom, as it achieves transparency, freedom of supply and demand, equal opportunities, preventing monopolies, and governing the implementation of procedures. <The Ministry of Justice explained that the real estate exchange contributes to enhancing the investment environment in the Kingdom, as it achieves transparency and freedom in supply and demand, equal opportunities, prevention of monopoly, and governance of the implementation of procedures. She pointed out the role of the real estate exchange (srem.moj.gov.sa) as a reliable source of data for investors, as it provides real estate data in real time, and provides real estate information and reports directly and periodically, which contributes to the development of the real estate documentation system and enhances transparency in buying and selling.

The exchange allows direct follow-up of all transactions that take place live in all regions of the Kingdom for all transactions that took place through the channels available from the Ministry of Justice, where transaction data such as transaction value, property location, price per meter, property area, date and time of the transaction can be viewed.

Ministry of Justice