WASALT Targets Five-Fold Revenue Growth by 2028

Wasalt, the most advanced digital platform specializing in real estate services, has rapidly positioned itself as a game-changer in Saudi Arabia’s PropTech landscape. In just four years, the company has redefined the real estate ecosystem with state-of-the-art technology, AI-powered solutions, and the recent launch of its groundbreaking digital auction platform. Licensed by Infath, the Kingdom’s entrustment and liquidation centre, this platform is set to transform how properties are bought and sold.

Impressive Growth and User Engagement

With a projected fivefold revenue increase between 2025 and 2028, Wasalt is experiencing unprecedented growth. The platform now boasts over 750,000 registered users and generates 100,000 monthly leads. Its innovative auction platform has streamlined the traditional property auction process, offering users a secure and efficient way to conduct transactions, further solidifying its dominance in the market.

Pioneering Transparency and User Confidence

Wasalt is setting new standards for transparency in real estate through its AI-driven verification protocols and advanced valuation tools. These features empower users with personalized property descriptions, social media content creation, real-time property valuations, ROI predictions, and high-quality leads. In a real estate market valued at a staggering US$1.25 trillion, these tools are vital for fostering trust and driving growth.

Addressing Market Gaps with Innovation

As part of its ongoing evolution, Wasalt has implemented rigorous verification and quality assurance measures to address market inefficiencies. By ensuring that property listings are accurate and regularly updated, the platform is closing gaps in the market. Additionally, Wasalt continues to roll out new features and services designed to enhance the user experience and strengthen Saudi Arabia’s real estate sector.

Ziad El Chaar, Chairman of Wasalt, said: “With the Kingdom's population surging and requiring 1.5 million new homes, Wasalt was established to modernize the real estate industry. Our rapid growth within four years of launch speaks volumes of our success in addressing the limitations of traditional real estate practices. This also reflects the platform’s ability to deliver value and convenience to the Saudi real estate community which enables brokers, developers, and buyers to focus on what truly matters—closing deals and growing their businesses. Simplifying the complexities of the real estate market by leveraging data analytics and providing users with tools for informed decision-making will be critical as the country braces for homeownership to increase from 47% to 70% by 2030.”

Delivering Unmatched Value to Users

Wasalt’s commitment to innovation and excellence has made it a cornerstone of the Kingdom’s PropTech landscape. By addressing user needs with cutting-edge solutions and maintaining a focus on transparency, efficiency, and growth, Wasalt is not just reshaping the real estate market but also setting the benchmark for digital transformation in the region.