Real Estate Market sees 130,000 sale, purchase transactions in first phase

As many as 250,000 transactions were conducted during the trial launch of the Real Estate Market platform, the Ministry of Justice said.

The sale and purchase transactions amounted to 130,000, while the sorting and merging reached 100,000. The number of mortgages stood at 20,000.

Minister of Justice Walid Al-Samaani launched the Real Estate Market on Aug. 27, Argaam reported.

The market allows easy buying and selling of properties, in addition to helping beneficiaries to leverage mortgage services electronically. It also offers the merging and sorting of real estate deeds, as well as deeds updating.

Source : Argaam