I am transferring decades of expertise to the Middle Eastern real estate industry. I began by launching the innovative Arab MLS, the first Multiple Listing Service in the Middle East that offers high-end real estate services. Arab MLS operates in several countries, including Dubai, Egypt, Qatar, Bahrain, Saudi Arabia, and Kuwait.
Most countries in the Middle East face many real estate challenges and obstacles, and these challenges slow down real estate growth and the economy. Luckily, Arab MLS efficiently addresses these challenges and offers seamless services to real estate professionals, brokers, realtors, developers, and investors.
First, let’s address the challenges facing the Arab real estate market. One of the biggest challenges facing the real estate industries in the Middle East is the need for comprehensive property data on one platform. Unfortunately, that distracts real estate professionals and investors looking to compare regional properties.
Second, The Middle East faces some economic fluctuations, which can result in a rapid rise in property prices. Since there’s a high demand for residential and commercial units, some developers may take advantage of this opportunity and exaggerate property prices. Turning back to the first challenge, the lack of comprehensive property data will make it difficult for brokers and investors to find suitable properties and purchase them with better value for money.
Third, it is difficult to determine whether the broker or real estate professional is licensed, making clients more prone to scams and fraudulent activities. This is because there is a lack of real estate rules and regulations in the Middle East. As a result, this weakens trust and reliability and drives big investors away from the markets in the Middle East.
Last but not least, clients waste so much time and effort physically touring each property before purchasing it. This can be a hassle, especially if properties are distant from each other. The lack of innovative technology like Artificial Intelligence and Virtual reality makes this a complex and cost-ineffective procedure.
So, what solutions were proposed to face these challenges through Arab MLS?
After thoroughly studying the current Middle Easts’s real estate markets, I developed a seamless technical service that solves the existing challenges and unlocks new opportunities for eminent real estate success.
Arab MLS offers many services to real estate professionals, but above all, the platform ensures reliability and transparency. Only licensed professionals can access the database and list properties on it. This is a considerable security breakthrough, which will generate more trust among clients and investors.
Moreover, since Arab MLS is a comprehensive multiple-listing database with various property listings, brokers can now compare similar properties in the same area and choose the most suitable one for their clients regarding location, area, budget, and installment system. This will also force developers and homeowners to set their properties at reasonable prices to stay ahead of the market.
Additionally, Arab MLS is regulated and licensed by several governmental agencies, which helps verify the accuracy of real estate data and gain credibility and client confidence. This promotes golden investment opportunities in the Middle East, enabling local and global investors to make wise investment decisions and avoid financial fraud.
Another solution Arab MLS presents is the use of AI and Virtual Reality. This enables clients and investors to tour properties for sale from the comfort of their homes. They can compare properties of different miles apart with just a few clicks. Undoubtedly, this revolutionary jump in the real estate industry will transform how we view, purchase, and invest in real estate.
To put the cherry on top, Arab MLS works on attracting local and foreign investors to the Middle East. This helps real estate professionals explore new horizons in investment, boost cross-border property transactions, and achieve profitable deals for developers and brokers. This also enables brokers and real estate professionals to expand their target audience instead of just looking at where they stand.
Besides solving the existing challenges in the Middle East’s real estate sector, Arab MLS offers various services that empower developers, brokers, insurance agencies & governmental agencies. Clearly, these practical solutions and services include data solutions, brokerage solutions, real estate insights, mortgage services, Artificial Intelligence, REIT, investment funds, IDX, and many more.
