Real Estate Development Fund today signed an agreement to enable 4 real estate platforms to benefit from the services of the “Real Estate Advisor” platform, on the sidelines of Riyadh Restatex, in the presence of H.E. Minister of Municipal and Rural Affairs and Housing Majid Al Haqeel.
The agreement aims to enable 4 real estate platforms to benefit from the platform's services, to facilitate the beneficiary's journey to become a highly accurate integrated digital journey that starts from providing the offer that suits the beneficiary's ability, and ends with real estate financing.
The agreement was signed by the Ministry of Municipal and Rural Affairs and Housing. The agreement was signed by Mansour bin Madi, CEO of the Real Estate Fund, Ibrahim Al-Shehail, CEO of Aqar, Abdullah Al-Sunaidi, CEO of Sai, board member Turki Al-Qaffari, CEO of Waslat, and CEO of Sakan, Abdullah Al-Saleh.
The agreement was signed on the part of the Real Estate Fund, and on the part of the real estate platforms.
Providing real estate supply
Mansour bin Madi, CEO of the Real Estate Development Fund, said:“ The agreement enhances the efficiency and effectiveness of the digital journey, and saves time and effort for the beneficiary looking for the property in accordance with his financing capabilities and his actual needs to own the appropriate housing.” He pointed out that the service provided by the real estate platforms was tested during the past period, and was crowned with success in the service provided to the beneficiaries and its outputs in terms of providing the appropriate real estate supply reliably, indicating that the real estate platforms operating in the Saudi market will gradually have the opportunity to benefit from the services of the “real estate advisor”.
The signing of the agreement with the Real Estate Development Fund (REDF). He explained that the signing with real estate platforms comes within the framework of partnership with reliable digital platforms to provide real estate supply in various regions of the Kingdom, which facilitates and accelerates the beneficiary's journey electronically and with high accuracy services that ensure reliability in the real estate supply to complete the beneficiary's journey electronically until the signing of the financing contract and benefit from housing support programs, pointing out that the Real Estate Advisor platform provides its services to about 1.6 million registered beneficiaries, and has recorded more than 9.8 million visits and issued more than 1.1 million financing and housing recommendations until the end of 2023.“
It is noteworthy that the Real Estate Advisor platform and service of the Real Estate Development Fund has won Arab and Gulf awards as the best Arab government application for smartphones, which allows the beneficiary to design his housing support and issue the top 5 recommendations for financing solutions through a highly accurate electronic journey between the relevant authorities in the housing system, more than 19 financing entities, in addition to real estate platforms.
The Real Estate Advisor platform and service of the Real Estate Development Fund is a winner of Arab and Gulf awards as the best Arab government application for smartphones.
