"Ejar": 3 million documented residential contracts as of May 2022

Monday 08 June 2026
"إيجار": 3 مليون عقد سكني موثق حتى مايو 2022

The number of residential lease contracts documented on the electronic rental services network has exceeded 3 million residential lease contracts since the launch of the program until May 2022, which means that 45% of the market size of occupied residential rental units in the Kingdom is documented with lease contracts. This reflects the excellence of the services provided by the Ejar network to the parties of the rental process, while the number of real estate units whose data has been registered in the network has exceeded 4.3 million rental units.

The Ejar program confirmed in a press statement today, on the sidelines of the Maskan Real Estate Exhibition held in Riyadh during the period of May 26-29, that the development of the network, the improvement of services and the addition of continuous features have contributed to increasing the confidence of beneficiaries of the real estate rental sector, which has contributed to recording record numbers during the past period in terms of the number of documented contracts, registered units or financial transactions that take place through the network.

The program indicated that upgrading the real estate rental sector, raising its efficiency, facilitating its rental operations and procedures, and creating a safe environment in its financial and contractual transactions is progressing continuously and permanently, which contributes to improving the investment environment and reducing risks by preserving the rights of the parties involved in the rental process, and reducing the duration of litigation on rental contracts, which resulted in a 50% decrease in rental cases in the general courts.

Ejar had previously announced the addition of a number of services that resonated in the real estate sector, such as the rental index, receipt and delivery, rental behavior, electronic contract documentation directly through the network, and the availability of various payment channels for rental payments, including: “Mada” and “SADAD”, and topping up balances. It also enabled beneficiaries to make partial payments, in addition to having strategic partnerships with other entities, which enabled the transfer of services in the name of the actual user of the rental unit.

 

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The Kingdom of Saudi Arabia