Wasalt, a real-estate online platform that connects buyers with sellers (brokers and landlords), has acquired a licence from Saudi Arabia's Entrustment and Liquidation Center (Infath) to organise and manage electronic and hybrid auctions.

Th company is committed to provide best-in-class digital services to enhance transparency and improve offerings in the Saudi real estate market, said a statement.

Licensed by REGA, the General Real Estate Authority in the kingdom, Wasalt is a platform that provides a comprehensive range of online real estate services to ensure that users can benefit from convenient and unique experiences while advertising and searching for properties to buy, sell, or rent.

Under the new collaboration, the sales agents at Infath will now be able to list their auctions on the Wasalt platform and seamlessly carry out asset liquidation operations. This involves facilitating the process of selling fixed assets, in addition to holding auctions, engaging in marketing, and advertising as required by the sales process.

Ziad El Chaar, Vice Chairman of the Board of Directors at Wasalt, said: “Wasalt is more than just an ordinary platform. It is managed by a group of pioneers in the technology sector who are committed to continuous innovation at every stage of our growth.

“The idea is to remain at the forefront of the real estate auction sector with leading technology solutions that provide customers with the best possible experience. Today, with this accreditation from Infath, Wasalt has further reaffirmed its leadership position, in offering seamless and specialised services, which ultimately results in a dynamic and distinctive auction experience."

It also offers a smooth process for charging the electronic wallet in a safe manner and paying the deposit to participate in each auction. Users can also benefit from specialised support including guidance and counsel through every stage of the purchasing journey.

In addition to real estate auctions, Wasalt features an exclusive range of properties for sale or rent across Saudi Arabia. All offers that are listed by licensed owners and real estate brokers on the platform are subject to monitoring by a team of distinguished experts who verify their quality and reliability before approval.

Wasalt is also well known as a comprehensive and integrated platform that provides a wide range of innovative services such as listing, searching, purchasing, renting, and marketing properties. – TradeArabia News Service