Madak App Signs Strategic Partnership with RER to Launch Fractional Property Ownership in Saudi Arabia

Madak App, a leading PropTech company in Saudi Arabia, has signed a strategic partnership agreement with the Real Estate Registry (RER) during the Cityscape exhibition to launch the fractional property ownership model in the Kingdom. This initiative is supported by the Experimental Regulatory Environment of the General Authority for Real Estate and endorsed by His Excellency Majid bin Abdullah Al-Huqail, Minister of Municipal and Rural Affairs and Housing.

The partnership aims to enhance the investor experience by enabling a fully digital property ownership and registration journey through the Madak App. The agreement focuses on automating procedures, simplifying investment steps, and increasing the reliability of property ownership transactions.

Moreover, the collaboration allows technical integration with the Real Estate Registry, enabling official registration and management of real estate assets, as well as fractional ownership services and asset tokenization, improving data quality while reducing time and effort for investors.

Madak App stands among the first companies in Saudi Arabia to adopt the fractional property ownership model, delivering services under the umbrella of the Experimental Regulatory Environment of the General Authority for Real Estate. The company aims to build a fully integrated digital investment experience and unlock new opportunities for the future of the real estate sector in Saudi Arabia.