Saudi proptech platform HissaTech, which specializes in the fractional ownership of income-generating properties, has announced a strategic investment partnership with Prime Estates. The investing company represents the sons of prominent Saudi real estate figure Abdullah bin Saidan, signaling a major vote of confidence in the innovative real estate model.
Bridging Traditional Real Estate With Proptech
The partnership marks a significant development in the Kingdom’s property market, as it represents a key endorsement from an established, traditional real estate family in a modern proptech solution. This move underscores a growing conviction that innovative and flexible investment methods like fractional ownership are becoming central to the future of the sector, attracting interest beyond individual investors to major industry players.
Democratizing Property Investment
HissaTech’s core mission is to make real estate investment accessible to a broader audience. The platform allows individuals to enter a market traditionally dominated by high-capital investors, enabling them to earn periodic rental returns and benefit from long-term asset appreciation. This model aligns with the goals of Saudi Vision 2030, which emphasizes empowering individuals and enhancing transparency in the market.
Proven Traction and Growth
Since its launch, HissaTech has demonstrated significant market traction. The platform has successfully closed property offerings valued at over 15 million SAR and has distributed more than 2 million SAR in rental income to its investors. The company’s mobile application has also surpassed 20,000 downloads in under a year, supported by a team with global experience in similar investment models.
About Hesstak
HissaTech is a Saudi application dedicated to the fractional ownership of income-generating real estate. Through its digital platform, it provides investors with access to pre-vetted property investment opportunities, aiming to make real estate investment more accessible, transparent, and liquid for everyone.
Source: Jawlah
