Real Estate Brokerage Law surges Saudi Arabia’s property transactions by 17 per cent

By Staff Reporter

Dubai: Abdullah Al Hammad, CEO of the Real Estate General Authority (REGA), reported significant growth in real estate transactions following the implementation of the Real Estate Brokerage Law, according to a report by Saudi financial news portal Argaam.com.

He stated that transactions increased by nearly 17 per cent to 3.5 million, amounting to over $161 billion (Dh591 billion) in total value within a year.