The General Real Estate Authority has announced that Madak has joined its regulatory sandbox.
This step marks an important milestone in enabling innovation and supporting the development of digital solutions within the real estate sector.
It is noted that the Madak application is still under testing within the regulatory sandbox of the Real Estate General Authority.
About Madak
Madak has already attracted more than 13,000 registered users on its platform ahead of its official launch, with over SAR 3 million worth of listed properties.
In March, the company announced the swift closure of its Almalga Compound investment opportunity in Riyadh, which sold out within days of its launch.
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