Latest news with #Madhmoun
Arabian Business
31-03-2025
- Business
- Arabian Business
UAE real estate: Abu Dhabi launches first regional multiple listing service platform
Abu Dhabi Real Estate Centre (ADREC) has announced the launch of Madhmoun, the region's first Multiple Listing Service (MLS) platform designed to transform property transactions through increased transparency and efficiency. The platform, whose name means 'verified' in Arabic, will provide a centralised solution for real estate practitioners, offering verified listings and real-time property updates. 'We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi. This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market,' Rashed Al Omaira, Acting Director General of ADREC said, according to a statement by the Abu Dhabi Media Office. View this post on Instagram A post shared by Abu Dhabi Real Estate Centre – مركز أبوظبي العقاري (@ Abu Dhabi launches Madhmoun: First MLS platform revolutionising real estate transactions The platform aims to address key market challenges by eliminating misleading advertisements and connecting Abu Dhabi's real estate market with international investors. Madhmoun promises substantial improvements in the property market. The platform is expected to increase property visibility by 70 per cent, boost broker productivity by 35 per cent, and reduce transaction time by 40 per cent. Every property listing will undergo thorough verification to ensure accuracy and reliability, providing users with the most current information about properties in the market. ADREC emphasised that Madhmoun is more than just an advertising platform. It is an internationally recognised system designed to elevate market standards and enable authentic advertising. 'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, ADREC is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub,' Al Omaira added. The innovative platform, offers a one-stop solution for real estate practitioners, developers, and buyers, and will help reduce listing fragmentation, increase global visibility, and provide users with access to the latest property data. By facilitating international exposure and creating opportunities for worldwide investors, Madhmoun is set to play a crucial role in transforming the regional real estate landscape.
The National
27-03-2025
- Business
- The National
Abu Dhabi unveils verified property listing platform to boost trust and combat misleading adverts
Abu Dhabi on Thursday set out plans for the launch of a unified property listing tool to boost 'trust and transparency' in an evolving housing market and combat misleading advertisements in the latest step to keep pace with a real estate sector boom. The Abu Dhabi Real Estate Centre said the multiple listing portal – called Madhmoun – would offer brokers, developers and buyers a 'reliable and centralised' platform for property transactions. Madhmoun – which means verified in Arabic – will provide verified listings, offers real-time updates about properties and enables authentic advertising to ensure that all transactions are based on valid and reliable information. 'We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi,' said Rashed Al Omaira, acting director general of Adrec. 'This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market. 'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, Adrec is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub. 'Madhmoun is not an advertising agent but an internationally recognised platform designed to empower aggregators, elevate market standards, and enable authentic advertising,' added Mr Al Omaira. Adrec said the launch of the platform was 'upcoming' but did give a specific date for its roll-out. Building up trust Every property listed on Madhmoun will be thoroughly verified to ensure accuracy and reliability, said officials. Users will have access to the latest property data, allowing for informed decision-making. Adrec said Madhmoun will 'eliminate misleading property advertisements, providing users with honest and transparent listings'. The authority said the initiative will increase the visibility of property listings by an average of 70 per cent and will contain the latest information on homes available in a given market or area. Supply and demand In August, Adrec unveiled the capital's first residential rental index, aimed at providing indicative rental values for both tenants and landlords across different areas of the capital. The Rental Index is available online at Adrec's website and highlights rents in different areas. Abu Dhabi's residential sale prices and rents rose last year amid higher demand and a supply shortage in the emirate, according to a report. Home sale prices increased by 11 per cent annually in 2024, while rents rose by 20 per cent, real estate company Cushman & Wakefield Core said in a report this month. Dubai has also taken steps to enhance transparency and stability in the property, with the emirate also witnessing a surge in demand as its population rises. The Dubai Land Department launched a Smart Rental Index on January 2 – including a star rating system for residential buildings. The system uses artificial technology to deliver property price updates at any time, unlike its predecessor, which was updated once a year. The old index was based on zones or districts, while the new one focuses on each building and covers all areas in Dubai including freehold and non-freehold areas.
Zawya
27-03-2025
- Business
- Zawya
Abu Dhabi Real Estate Centre introduces Gulf Region's first multiple listing service platform, Madhmoun
Abu Dhabi: Abu Dhabi Real Estate Centre (ADREC), has announced the upcoming launch of Madhmoun - Abu Dhabi's first-ever Multiple Listing Service (MLS) platform. The Gulf Region initiative, Madhmoun, has been devised to provide the much-required transparency, efficiency and trust in the real estate market for brokers, developers, and buyers alike by offering a reliable and centralised platform for property transactions. Madhmoun, which means 'verified' in Arabic, is a unified one-stop solution for all real estate practitioners. It provides verified listings, offers real-time updates about properties, and enables authentic advertising to ensure that all transactions are based on valid and reliable information. Rashed Al Omaira, Acting Director General of ADREC, said: "We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi. This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market. 'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, ADREC is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub. Madhmoun is not an advertising agent but an internationally recognised platform designed to empower aggregators, elevate market standards, and enable authentic advertising." Every property listed on Madhmoun is thoroughly verified to ensure accuracy and reliability. Users will have access to the latest property data, allowing for informed decision-making. Madhmoun eliminates misleading property advertisements, providing users with honest and transparent listings. Madhmoun enhances global visibility by connecting Abu Dhabi's real estate market with international investors, facilitating international exposure and unlocking opportunities worldwide. Additionally, the platform empowers aggregators and real estate professionals to deliver more value, enhancing trust and efficiency in the market. Madhmoun will reduce the fragmentation of listings, which will result in more visibility for sellers. It does this by increasing the visibility of properties by an average of 70 percent and ensuring the database contains the most current information on the properties available in a given area or market, hence enhancing broker productivity by 35 percent. This further cuts down the transaction time by 40 percent, which, in return, improves the customer experience and international investment. About The Abu Dhabi Real Estate Centre (ADREC) The Abu Dhabi Real Estate Centre (ADREC), launched by the Department of Municipalities and Transport in November 2023, aims to enhance Abu Dhabi's position as a global real estate hub and increase the sector's contribution to the non-oil economy. ADREC leads a significant transformation in Abu Dhabi's real estate sector, centred around four key pillars: Real Estate Strategy, Real Estate Promotion, Real Estate Regulation, and Real Estate Transactions Management. ADREC's focus is on advancing the sector's ecosystem while giving priority to the well-being of tenants, homeowners, developers, and investors. This involves streamlining processes and enhance regulatory frameworks, while utilising advanced technologies to provide sustainable and seamless services. Collaborating closely with all stakeholders, the centre aims to elevate development standards and overall liveability in Abu Dhabi. Moreover, ADREC focuses on innovation, exploring groundbreaking technologies. This comprehensive approach highlights ADREC's commitment to transparency, innovation, and collaboration, positioning Abu Dhabi as an attractive global destination. For media inquiries, please contact: Amer Rashed Albedwawi Email:
Al Etihad
27-03-2025
- Business
- Al Etihad
ADREC introduces Gulf Region's first multiple listing service platform
27 Mar 2025 11:32 ABU DHABI (ALETIHAD)The Abu Dhabi Real Estate Centre (ADREC), has announced the upcoming launch of "Madhmoun" - Abu Dhabi's first-ever Multiple Listing Service (MLS) platform. The Gulf Region initiative, Madhmoun, has been devised to provide the much-required transparency, efficiency and trust in the real estate market for brokers, developers, and buyers alike by offering a reliable and centralised platform for property which means 'verified' in Arabic, serves as a unified one-stop solution for all real estate practitioners. It provides verified listings, offers real-time updates about properties, and enables authentic advertising to ensure that all transactions are based on valid and reliable Al Omaira, Acting Director General of ADREC, said: "We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi. This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market.'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, ADREC is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub. Madhmoun is not an advertising agent but an internationally recognised platform designed to empower aggregators, elevate market standards, and enable authentic advertising."Every property listed on Madhmoun is thoroughly verified to ensure accuracy and reliability. Users will have access to the latest property data, allowing for informed decision-making. Madhmoun eliminates misleading property advertisements, providing users with honest and transparent enhances global visibility by connecting Abu Dhabi's real estate market with international investors, facilitating international exposure and unlocking opportunities worldwide. Additionally, the platform empowers aggregators and real estate professionals to deliver more value, enhancing trust and efficiency in the market. Madhmoun will reduce the fragmentation of listings, which will result in more visibility for sellers. It does this by increasing the visibility of properties by an average of 70 per cent and ensuring the database contains the most current information on the properties available in a given area or market, hence enhancing broker productivity by 35 per cent. This further cuts down the transaction time by 40 per cent, which, in return, improves the customer experience and international investment. Source: Aletihad - Abu Dhabi
