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 not 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.
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Name: Mamo Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua Based: Dubai, UAE Number of employees: 28 Sector: Financial services Investment: $9.5m Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. Game Changer
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Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
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Which honey takes your fancy?
Al Ghaf Honey
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