Ejar Platform is a Saudi electronic platform and one of the programs supervised by the Real Estate General Authority. It aims to regulate the real estate rental sector and protect the rights of the parties involved in the rental process: 'tenants, landlords, and real estate agents'. Through a set of electronic solutions, the platform contributes to the development, organization, and facilitation of rental activities in the real estate rental sector, ensuring balance, enhancing trust, and encouraging investment in the sector.
Beneficiaries of Ejar Platform
Ejar Platform identifies those who deal in the residential real estate rental sector as 'rental process parties'. They are the audience it targets to register in the electronic rental services network to regulate the residential real estate rental sector and clarify their obligations and responsibilities. In such a manner, it contributes to the protection of their rights through the unified electronic rental contract, which serves as the axis of the rental process. Those parties are:
- Tenant: citizens and residents.
- Landlord: investors in residential real estate and property owners, whether individuals, establishments, or their agents.
- Real estate agent: real estate offices and brokerage firms that hold a valid commercial register including activities related to real estate rental and management. They must be wholly owned by a Saudi individual or a company wholly owned by Saudis, or entities that meet the brokerage requirements set by 'Ejar' and are involved in renting real estate owned by them or registered under establishments they own.
Objectives of Ejar Platform
As of August 2023, Ejar Platform has documented around seven million residential and commercial rental contracts. In addition, it aims to achieve several objectives, including:
- Protecting the rights of all parties to the rental process through unified electronic contracts approved by the Ministry of Justice.
- Authenticating contracts, registering real estate unit data, and enabling their use as legally binding documents.
- Reducing rental disputes and easing the burden on judicial bodies.
- Enhancing the efficiency of the real estate rental sector and boosting its contribution to the Gross Domestic Product (GDP).
- Reducing investment risks in real estate rental and encouraging investment in the sector to achieve the balance between supply and demand, which positively impacts rental unit prices.
- Developing regulatory and control policies and procedures for real estate brokerage agencies, accrediting them, and training their employees.
- Saudizing jobs in the sector and creating new, suitable job opportunities.
- Offering additional options and alternatives in the real estate sector to provide support to the housing program.
- Facilitating the management of defaults in house rent payments.
- Providing electronic tools and solutions that represent added value and contribute to streamlining the rental process.
- Achieving digital integration with both government and private sectors, enhancing national security, and realizing digital transformation national goals.
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