Al Majdiyah Real Estate Company and Madak App, the first Saudi app licensed for fractional ownership real estate investment, announced the signing of a strategic cooperation memorandum stipulating that Al Majdiyah Company’s products will be offered on the Madak App, making them available to investors directly through the app.

This partnership comes within the framework of the national trend towards developing the real estate sector and opens up the opportunity for a wide range of individual investors to enter the real estate market with flexible amounts.

Fractional ownership in real estate is one of the most prominent innovations that has reshaped the landscape of real estate investment globally. This model is based on dividing property ownership into multiple shares, which investors can subscribe to in amounts that suit their varying financial capabilities, instead of requiring substantial capital to enter this sector. Through the Madak app, investors can browse available real estate opportunities, choose the right property, participate in financing it with an amount of their choosing, and then monitor the performance of their investment and receive periodic returns—all through a smart application on their mobile phones, without the need for intermediaries or complex procedures.

This model not only facilitates access but also allows for portfolio diversification across multiple properties in different regions, thus reducing risk and enhancing long-term returns. Madak has joined the General Authority for Real Estate's regulatory sandbox, making it the first Saudi platform to offer this model in a legal and regulated manner.

This partnership embodies Al Majdiyah Real Estate's vision of embracing innovation and openness to new business models that serve the market and society. By offering its real estate portfolio through the Madak app, Al Majdiyah is not only adding a new marketing channel but also actively contributing to building the Saudi real estate technology ecosystem and enhancing investor confidence in it.

Regarding this agreement, Abdulaziz Al-Aradi, co-founder and managing director of Madak, said: “Our partnership with Al-Majidiyah is not just an addition to the portfolio of opportunities on our platform; it is a clear message that major real estate developers in the Kingdom believe that the future of real estate investment is digital, micro, and comprehensive. Al-Majidiyah represents a standard of quality and reliability, and the inclusion of its properties on Madak gives investors a real opportunity to participate in projects that were until recently limited to a narrow segment. This is the essence of what we are building at Madak: that every investor, regardless of the size of their capital, can find a place for themselves in the Saudi real estate market.”

For his part, Mr. Muath bin Abdulaziz Al-Khuraiji, General Manager of Business at Al-Majidiyah Company, stated: “These memoranda represent a significant step that we at Al-Majidiyah are proud of, as they reflect our ongoing commitment to providing quality opportunities in the real estate and urban development market, and adopting solutions that contribute to enhancing the ownership and investment experience. Through this announcement, we are working to provide more flexible models that allow individuals and companies to access real estate opportunities in a clear and easy manner, thereby enhancing market efficiency and keeping pace with its future aspirations. This step also gains added importance given the opportunities offered by projects listed on the platforms for foreign ownership in accordance with the approved regulations, which increases the number of beneficiaries and enhances the attractiveness of the real estate market in the Kingdom.”

This partnership represents a significant leap forward for Saudi Arabia's real estate technology sector and a practical step towards achieving the goals of Vision 2030 in increasing homeownership rates and deepening capital and investment markets. With growing confidence in the fractional ownership model and the development of a supportive regulatory environment, Al Majdiyah and Madak intend to expand this collaboration and offer more distinctive investment opportunities in the coming phase.

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