Yakeey and Umnia Bank have joined forces to launch Morocco’s first instant home-buying (iBuying) platform, introducing a technology-driven model set to transform the country’s residential real estate market. The new service aims to solve long-standing challenges for Moroccan families navigating the complex process of selling one home while securing another.
Tackling A Fragmented Real Estate Market
For many Moroccan families, changing homes is a process fraught with uncertainty and financial risk. The primary challenge lies in coordinating the sale of a current property with the purchase of a new one. Sellers often face lengthy negotiations, multiple property viewings, and the risk of buyers withdrawing or failing to secure financing, which can derail their plans entirely.
The alternative of buying a new home before selling the old one creates immense financial pressure, often forcing families to seek complex and expensive temporary loans. The Yakeey-Umnia Bank partnership directly addresses these pain points by offering a streamlined, secure, and accelerated transaction process.
A Tech-Driven Solution For Homeowners
The iBuying model simplifies the home-selling experience through a centralized technology platform. Sellers using the service can receive a fair, firm offer for their apartment within 48 hours and receive a cash payment through Umnia Bank in as little as 10 days. For buyers, the platform offers a curated selection of expert-vetted apartments at transparent prices with no hidden fees, along with immediate access to competitive financing.
Yakeey leverages automated valuation tools and advanced algorithms, powered by real market data, to generate reliable and independent property estimates. This technological foundation is combined with Umnia Bank’s capacity to directly finance the properties, creating a seamless end-to-end service.
“The iBuying marks a major step in our mission: offering Moroccan citizens the capacity to sell or buy, almost instantaneously and in complete security,” said Karim Beqqali, Yakeey’s founder and CEO. “Yakeey is the trusted third party that accompanies households at each stage of their real estate journey, with honesty, clarity, and efficiency, thanks to the unique combination of its technology and its network of advisors.”
A New Benchmark For Property Transactions
The introduction of iBuying in Morocco follows its success in other emerging markets with similar real estate constraints, such as Egypt and Latin America, where companies like Habi have become major industry players.
Adnane El Gueddari, Umnia Bank’s General Director, emphasized the bank’s role in fostering market innovation and stability. “By partnering with Yakeey to launch iBuying, Umnia Bank confirms its commitment to accompanying structural developments in the real estate market,” El Gueddari stated.
He added that as a national banking actor, Umnia Bank provides the stability, transparency, and execution capacity needed to help families advance their real estate projects with confidence through clearer, more controlled processes.
About Yakeey
Yakeey is a technology-driven real estate platform that combines digital tools with experienced advisory services. The platform allows users to buy, sell, rent, or estimate properties—including apartments, villas, commercial spaces, and land—through transparent processes. It offers reliable market price estimation, curated property listings, and professional agent support to streamline real estate transactions in Morocco.
About Umnia Bank
Established in 2017, Umnia Bank is Morocco’s first dedicated participative bank and operates as a subsidiary of CIH Bank. Created through a partnership between CDG, CIH Bank, and Qatar International Islamic Bank (QIIB), the institution provides a broad range of Sharia-compliant financial products, including property financing, investment deposits, and digital banking services for individuals and businesses.
Source: Morocco World News
