Saudi Property Explorer Debuts as Kingdom Prepares for Landmark Foreign Ownership Reforms
Saudi Arabia has announced its launch of a new real estate platform ahead of the landmark foreign ownership that is set to take effect later this year. This platform is set to be constructed by PropTech firm Polygant under the brand RE.Platform Explorer, into a single digital platform offering transparency and accessibility as the Kingdom prepares to open its property market to international investors.
This project will help investors, developers, and consumers in making good decisions while having good access to property listings, information about the market, pricing trends and also location-based insights. This will help market real estate to foreign investors while expanding Saudi’s economic diversification.
During the launch, Stan Chernukhin, CEO of Polygant, stated that,
“Saudi Arabia’s regulatory shift toward foreign ownership is a structural change, not a trend cycle. RE.Platform Explorer is designed to make that transition as straightforward as possible with every developer in our system getting a public profile that is indexed, searchable, and available to international audiences from day one.”
In an attempt to attract international investment into its real estate sector, Saudi Arabia has been gradually implementing new laws, especially in large cities like Riyadh and Jeddah. This system will ensure an administrative digital interface that will streamline property search. It will also break down the analysis of the market for both domestic and international investors.
Saudi Property Explorer will provide an administrative digital interface that streamlines property search and analysis for both domestic and international investors. By including UAE projects, the platform positions itself as a cross-border real estate hub, appealing to investors looking at Gulf-wide opportunities.
About Polygant
Polygant is an international technology company that builds high-performance digital products and platforms across FinTech and PropTech. Additionally, the company developed RE.Platform, a modern real estate ecosystem that integrates teams, clients, and properties into one seamless digital process.
Since its founding more than ten years ago, Polygant has developed into a product-driven business with a broad understanding of integrate financial systems, trading platforms, and SaaS solutions. To provide sustainable technology for international markets, we integrate advanced engineering, UX design, and commercial strategy.