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Real Estate Exchange Figures Reflect Size of Saudi Market

During the first week of its launch, the Real Estate Exchange, which is affiliated with the Saudi Ministry of Justice, witnessed the trading of about 61 million square meters of properties in various regions of the Kingdom, with the total number of deals reaching 17,000, at a value exceeding SAR 17 billion ($4.5 billion). The real estate exchange served over 500,000 visitors, illustrating its rapid impact on the Kingdom’s real estate sector.

Saudi Arabia s real estate exchange generates $4 5bn in transactions

Saudi Arabia s real estate exchange generates $4 5bn in transactions
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Saudi justice minister launches platform for transparent real estate transactions

Saudi justice minister launches platform for transparent real estate transactions
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Saudi Arabia launches Real Estate Market platform

Saudi Justice Ministry Reveals Platform for Transparent Real Estate Transactions

Saudi Justice Minister Walid Al-Samaani inaugurated the "Real Estate Market" platform in Riyadh to facilitate real estate transactions and provide various e-services for property owners and buyers. Attending was also Minister of Communications and Information Technology Abdullah Al-Swaha. According to the Ministry of Justice, the real estate market aims to enhance customer experience and achieve transparency and reliability in the real estate sector in the Kingdom.

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