Saudi Real Estate Market sees 136,000 transactions since launch

Saudi Real Estate Market (SREM) has registered more than 136,000 transactions since its launch in September, state-owned Saudi News Agency reported, citing data compiled by the Ministry of Justice showed.

Riyadh dominated the lion’s share of transactions, while the five largest trading districts last November were located in Riyadh.

SREM offers several services, including selling, buying, sorting, consolidation, deeds update and mortgages using the real estate identity. This is in addition to offering multiple options for indices and real estate inquiries with ease and reliability. It is an integrated platform for real estate wealth management.

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