Saudi proptech platform Madak has officially launched its fractional ownership and real estate tokenization model, a significant move aimed at democratizing property investment in the Kingdom. The launch follows an announcement from the Minister of Municipal and Rural Affairs and Housing, signaling strong governmental support for empowering innovative real estate solutions.
Madak’s new offering aims to provide more flexible investment opportunities by enabling individuals to purchase partial shares in curated real estate assets through a regulated and reliable digital platform. This initiative is designed to lower the barrier to entry for real estate investment, expanding the base of individual investors in the Saudi market.
Pioneering Investment Within A Regulatory Sandbox
The platform’s launch is part of its participation in the General Real Estate Authority’s Regulatory Sandbox. This controlled environment allows Madak to pioneer its fractional ownership model while ensuring compliance and security, ultimately enhancing the efficiency and accessibility of real estate investment in the Kingdom.
The model represents an advanced step towards aligning with the goals of Saudi Arabia’s real estate market development, fostering the adoption of innovative technological solutions within the sector.
Direct Integration With The National Real Estate Registry
A key technical milestone for the company was a technical integration agreement signed with the National Real Estate Registry in November. The agreement, witnessed by the Minister of Municipal and Rural Affairs and Housing, enables investors on the Madak platform to register their ownership stakes directly in the official Real Estate Registry. This seamless integration provides investors with a higher level of security and transparency for their holdings.
The platform is currently offering investment opportunities in select properties with promising returns. These assets are available through the app under the new fractional ownership and tokenization framework, as Madak continues to deliver advanced digital investment solutions tailored to the local market.
About Madak
Madak is a Saudi-based financial technology company specializing in real estate. The platform provides a fractional ownership model for real estate assets, allowing a wider range of individuals to invest in the property market through a secure, regulated, and user-friendly digital application.
Source: Jawlah
