Saudi Real Estate Market sees SAR 1.2 bln deals in first 2 days

30/08/2023 Argaam

Saudi Real Estate Market sees SAR 1.2 bln deals in first 2 days

Logo of Saudi Real Estate Market

The Saudi Real Estate Market (SREM) witnessed a 200% surge in the number of beneficiaries from its services.

 

Meanwhile, the value of real estate transactions witnessed by SREM reached SAR 1.2 billion after two days of its launch.

 

During the trial stage, the exchange received nearly 1,000 beneficiaries per hour. Meanwhile, the number of beneficiaries exceeded 140,000 beneficiaries during the first two days of the official launch, with 3,000 beneficiaries per hour.

 

SREM offers several services, including selling, buying, sorting, consolidation, deeds update and mortgages. 

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