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Saudi real estate earns 1.6T riyals since brokerage system
The General Authority for Saudi Real Estate concluded the third edition of the Real Estate Mediation Forum in Riyadh. The event revealed that over 13 million sale and rental transactions have been registered, amounting to more than 1.6 trillion riyals since the mediation system was implemented three years ago, up to June 2026. Data also showed that the mediation system experienced significant expansion, with more than 117,000 mediation licenses issued, approximately 1.1 million mediation contracts, and over 1.2 million real estate listings. This reflects an increased level of organization and transparency in the Saudi real estate market. The forum discussed the future of mediation in light of modern technologies such as artificial intelligence, emphasizing the importance of developing practitioners' skills and their commitment to regulations to improve market quality. Additionally, training programs and diplomas were launched to enhance competencies and create a more professional market.
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