Ministry of Justice: More than 5.3 billion square meters of real estate emptied through the real estate exchange

The Ministry of Justice revealed the total real estate area that was electronically cleared through Real Estate Exchange within one year of the exchange’s launch, totaling more than 5.3 billion square meters.

The Real Estate Exchange is a digital platform that provides real estate trading services (buying and selling), mortgage and real estate financing services, as well as services for issuing instruments for real estate partition and consolidation requests using the real estate ID, It also offers multiple options for real estate indices and property inquiries with ease, convenience, and reliability, and serves as an integrated platform for real estate wealth management.

The Real Estate Exchange provides a range of daily real estate indices reflecting the value of real estate transactions in cities and neighborhoods across the Kingdom that are available for trading; which can be viewed by time period—hourly, daily, weekly, monthly, annually, or for the entire historical period of transactions since electronic recording began.