Abu Dhabi Real Estate Centre (ADREC) today announced the upcoming launch of Madhmoun, Abu Dhabi’s first Class Multi listing Service (MLS). The platform aims to ensure transparency, efficiency and trust of brokers, developers and buyers in the real estate market by providing a reliable central platform for real estate transactions.
Verified in Arabic, Madhmoun acts as a one-storey solution for all real estate practitioners. It provides a validated list, provides real-time updates on the properties, and ensures that authentic ads are based on valid and reliable information.
Madhmoun will “transform how real estate transactions are conducted in Abu Dhabi,” stated Rashed Al Omaira, acting director general of ADREC, noting that it is a significant step forward in “strengthening trust and transparency across the real estate market.”
Transaction times will be reduced by 40%.
Madhmoun reduces list fragmentation and improves the visibility of Abu Dhabi sellers. This occurs by increasing the visibility of a property by an average of 70% and ensuring that the database contains up-to-date information about properties available in a particular area or a particular market, increasing broker productivity by 35%. This continues to reduce trading periods by 40%, which in return will improve customer experience and international investment.
The Madhmoun platform will be coming at a critical time when Abu Dhabi’s real estate market will be added to 38,700 new units by 2028. According to the latest report by Abu Dhabi at Cavendish Maxwell, there will be around 10,800 units with a total area of over 6,026 after the end of 2028.
Facilitating access to verified property listings
All properties listed in Madhmoun are thoroughly checked to ensure accuracy and reliability. Users have access to the latest real estate data and enable well-discovered decisions. The platform eliminates misleading real estate ads and provides users with an honest and transparent listing.
“Madhmoun is not an advertising agent but an internationally recognised platform designed to empower aggregators, elevate market standards, and enable authentic advertising,” Al Omaira added.
Madhmoun combines the Abu Dhabi real estate market with international investors to improve global visibility by facilitating international engagement and energizing opportunities around the world. Additionally, aggregators and real estate professionals allow more value to achieve and improve trust and efficiency in the market.
