Thanks to Al Batrawy, the real estate technology in Egypt moves to another level. Ahmed Al Batrawy, the founder of MLS Platform in Egypt and the UAE, was recently awarded a prestigious honor at the International MLS Forum, hosted in Milan, Italy, on October 7th and 8th, 2024. At the International MLS Forum in Milan in 2024, Ahmed Elbatrawy was recognized for his groundbreaking work in real estate technology, particularly for his contributions to developing the Arab MLS platform. This platform, which he founded in 2023, aims to bring global standards to the Middle Eastern real estate market, mainly focusing on Egypt. The platform tends to enhance transparency and efficiency by implementing international MLS. Elbatrawy’s innovation addresses a need for more regulation in the region’s real estate markets. His efforts have assisted in breaking the gap between Egypt and international property markets. His award at the forum highlights his leadership and the significant impact of his work in advancing real estate technology in the Middle East.
An Overview on the International MLS Forum
The International MLS Forum, organized by the Real Estate Standards Organization (RESO) and the European Association of Real Estate Professions (CEPI), is a significant platform for real estate professionals worldwide to discuss the future of Multiple Listing Services (MLS). The prize is considered one of the greatest prizes in the real estate market in the whole world. The forum brought together industry leaders, MLS executives, tech innovators, and investors from over 30 countries, focusing on the adoption of common standards, best practices, and technologies to improve global real estate transactions. A key theme was enhancing data standardization and transparency in property listings across different markets, addressing the challenges of non-centralized MLS systems in many regions. The event featured insightful panels on topics like MLS culture, the role of new technologies in real estate, and the challenges of expanding MLS systems globally. Experts discussed how MLS are evolving from data hubs into digital platforms offering various apps and services, and how government policies influence MLS operations.
MLS Pioneers and their Innovative Journeys
The International MLS Forum gives a solid opportunity to MLS pioneers all over the world, taking the real estate field to more modern and easy levels. During the conversation among the MLS pioneers, Ahmed Al Batrawy, Sorin Udrea, and Carlos Grass, each one talked about how they started MLS, bringing new modern technology, and what they dream about in the real estate Market. Al Batrawy explained what inspired him to bring MLS technology into Middle East. Emphasizing that the idea of Arab MLS is expanding in Egypt, UAE, then the rest of the Middle East Region.
At the event, MLS pioneers tackled how business should be interested about the future more than what used to work in the past, declaring that the real estate future is not only related to the brokers and agents, it is also related to lawyers, financial institutions, insurance companies and everyone else related.
Al Batrawy emphasizes that the real estate market, and any other field generally requires each business leader to be patient and willing to take the heat and risks in order to reach more audience.
Overall, the International MLS Forum rewards each MLS pioneer, giving them credit regarding their efforts and their future plans in the real estate market.
MLS Future in Egypt
Several tech-driven companies and real estate platforms are beginning to introduce MLS-like systems. Platforms such as Aqarmap, OLX Egypt, and Propertyfinder are major players in Egypt’s real estate sector. While they are not pure MLS systems, they act as listings aggregators, mimicking some of MLS’s benefits in more mature markets. Additionally, real estate associations, brokers, and agents are gradually adopting the MLS approach for better market coordination.
Proptech (property technology) growth in Egypt contributes to MLS development. Proptech companies offer digital tools and services that improve the real estate market, including CRM (customer relationship management) solutions, property valuation tools, and data analytics, often integrated with MLS platforms.
Egypt’s growing smartphone penetration and internet usage rates are also facilitating the digital transformation of the real estate sector, making MLS systems more accessible to agents and consumers.
Egypt’s growing smartphone penetration and internet usage rates are also facilitating the digital transformation of the real estate sector, making MLS systems more accessible to agents and consumers.
The MLS platform in Egypt has fantastic potential to revolutionize the real estate market by highlighting transparency, efficiency, and collaboration. While market fragmentation and resistance to change exist, the future sounds promising, with technology playing a vital role in overcoming these hurdles. As the regulatory background improves and market players recognize the benefits of centralized listing systems in the coming years, Egypt could see a more robust MLS platform emerge, further aligning its real estate sector with global standards.
