<The Public Authority for Real Estate announced that the electronic network for rental services “Ejar” has registered more than 10 million rental contracts since its launch, with a daily average of 19 thousand contracts, where residential contracts accounted for more than 8.3 million contracts with a percentage of 82.3% of the total residential rental contracts, while the number of commercial contracts reached 1.7 million, representing 17.6% of the total contracts registered on the platform, and the contracts documented since the beginning of 2024 until now recorded more than 1.5 million documented contracts, of which more than 1.2 million residential rental contracts and 283 thousand commercial contracts.

<She explained that the figures achieved by “Ejar” came to confirm the reliability of the residential and commercial real estate rental sector and the real estate legislation that regulates transactions in the real estate market, as “Ejar” provided the tenant, lessor, and real estate broker with a high level of transparency in real estate transactions, including: Verification of documents, deeds, and data of the parties to the contract, in integration with partner government agencies, dealing with a real estate broker licensed by the General Real Estate Authority, documenting contracts through digital channels and approving them with the concerned authorities, and using electronic payment channels in Ejar “Mada” and ”SADAD” to document and prove financial payments, which facilitates the rental journey and preserves the rights of the parties before and during the rental process.

The Authority indicated that Ejar allows the tenant, the lessor, and the real estate broker a high level of transparency in real estate transactions. <The Authority pointed out 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, receipt and delivery, saving the security deposit, evaluating rental behavior, the possibility of making partial payments, different payment periods (annual, semi-annual, quarterly, monthly), and strategic partnerships with other service providers, 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 and stimulating investment in it.

It is noteworthy that Ejar has enabled customers to benefit from qualitative features that enhance trust and improve the efficiency of transactions. It is noteworthy that Ejar offers a number of advantages for the commercial rental sector, including digital integration with government and private sector entities such as the Ministry of Justice, Ministry of Human Resources and Social Development, Ministry of Commerce, Ministry of Investment, and linking with Baladi platform.