Research and Studies

Smart Solutions for Selling Real Estate in Saudi Arabia

Platform for Selling Real Estate and Auctions

Catalyzing Change in the Real Estate Sector

The real estate market is constantly changing, and traditional auctions still face several challenges, such as: difficulty finding a suitable buyer, the time it takes to complete the sales’ legal procedures.

When Technology Meets Human Capabilities

We Collaborate to Streamline Real Estate Sales Procedures in the Kingdom

THIQAH developed E-Mazad to provide beneficiaries with a safe and easy to use platform to auction property assets in a manner consistent with the Kingdom’s sales and purchase regulations. Additionally, the platform helps reduce fraud and manipulation in auctions by automating procedures and verifying the eligibility of the participants. Furthermore, E-Mazad contributes to increasing the number of bidders in an auction by synchronizing in-person and digital auctions, allowing bidders to participate from anywhere at any time. E-Mazad also offers a demo of the website to support real estate marketers before starting the actual auction.

New Achievements to Expand in the Tech Field

E-Mazad earned the trust and satisfaction of real estate brokers by 75% to offer their assets to be sold through the platform, with a recurrence rate of 24 transactions per real estate brokers, which resulted in more than 4K auctions conducted on the platform. In addition, the number of bidders on E-Mazad reached more than 30K, due to the highly secure payment methods provided to bidders when they charge the wallets to deposit financial solvency.

E-Mazad is considered the first real estate platform for auctions in the Kingdom of Saudi Arabia, reshaping the concept of real estate sales, and creating a positive impact on the real estate market.