Saudi Justice Ministry Reveals Platform for Transparent Real Estate Transactions

SPA
SPA
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Saudi Justice Ministry Reveals Platform for Transparent Real Estate Transactions

SPA
SPA

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.

"It is part of the Real Estate Wealth Digitization initiative, which is one of the ministry’s projects under the national transformation program," the ministry's press release said.

In cooperation with the Ministry of Municipal and Rural Affairs and the Saudi Central Bank, the platform enables users to access reliable information about the value of real estate transactions in any geographical area they choose. It also enables them to manage their property portfolio and perform divisions and mergers of title deeds using the real estate identity." SPA reported.

The platform offers various real estate trading services, such as "special transaction" between a specific seller and buyer, "real estate gift" to a specific recipient, and "open transaction" without a predetermined buyer. It also allows users to browse and bid for real estate offers, which are classified in three categories: offered, available and in-demand.



Saudi, Slovenian FMs Discuss Regional Developments

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. Asharq Al-Awsat
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. Asharq Al-Awsat
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Saudi, Slovenian FMs Discuss Regional Developments

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. Asharq Al-Awsat
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. Asharq Al-Awsat

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah held a phone call with his Slovenian counterpart Tanja Fajon, the Saudi Press Agency reported Wednesday.

During the call, they discussed regional developments and their repercussions on the region, SPA said.