Wasalt Achieves Major Growth Milestone in Saudi Arabia’s PropTech Market

Riyadh, KSA — 13 January 2025 – Wasalt, a digital real estate platform under Quara Holding, has quickly emerged as a centerpiece of Saudi Arabia’s PropTech evolution. Launched just four years ago, the platform now supports over 750,000 registered users and generates 100,000 monthly leads, redefining how real estate is searched, verified, and transacted.

Fueled by its AI-powered tools, Wasalt provides advanced services including instant property valuation, personalized descriptions, automated social content generation, ROI prediction, and its recently launched digital auction platform licensed by Infath—a move that simplifies property transactions across the Kingdom.

In its latest forecast, Wasalt expects to achieve a five-fold increase in revenue from 2025 to 2028, reflecting its rapid scale-up and strong market traction.

Ziad El Chaar, Chairman of Wasalt, remarked:
“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… Simplifying the market’s complexities through data analytics and user-focused tools is essential as homeownership climbs from 47% to 70% by 2030.”

Wasalt continues to introduce verification and quality assurance standards to ensure all listings are accurate and current. These ongoing efforts reinforce its position as a catalyst reshaping Saudi Arabia’s $1.25 trillion real estate market—enabling brokers, developers, and buyers to focus on what matters most: closing deals and scaling their businesses.

Reference: Digital real estate platform Wasalt posts significant growth