Saudi Arabia launched the Real Estate Market online platform to modernize real estate transactions and provide services to property owners and buyers, Invest-Gate reports.

Justice Minister Walid Al Samaani inaugurated the portal on August 26, which falls under the national digital transformation program.

The platform seeks to enhance the customer experience and bring transparency and reliability to the real estate sector.

Users can access reliable property value information by area, manage their portfolio through title subdivision and merger using digital identity, and perform these procedures in cooperation with other government agencies.

Services on the portal include special sales between identified buyers and sellers, real estate gifts, and open market listings sorted into offered, available, and sought-after properties that can be viewed and bid on.

To access services, individuals must sign in with their national identity number and receive a one-time verification code through the Nafath app, selecting whether they are acting on their behalf or as an agent.

The launch forms part of Saudi authorities’ efforts to digitize sectors seen as crucial to the economy’s diversification drive under Crown Prince Mohammed bin Salman’s Vision 2030 reform agenda.