Contact and Sakneen partner in one of a kind business platform in the fields of real-estate and mortgage, enabling clients to choose properties and finance them, Invest-Gate reports.
Sakneen’s search engine provides users with a wide inventory of high-quality listings with accurate prices and a seamless user experience. Moreover, the platform offers new properties from over 110+ developers, as well as resale units in the secondary market.
Users can access all information they need to make the right investment decision – such as payment plans, 3D tours, and search filters to help users refine their search to match their needs.
On the other hand, Contact is providing the financing arm for these properties listed on Sakneen, which gives clients up to EGP 3 mn in finance and payment tenures up to 10 years. It also offers clients services such as quick financing (with legal approvals in 48hrs), customer support, and various digital payment services and methods.
In this context, Contact Financial Holding CEO Said Zater expresses, “We found in Sakneen the needed technological development to lead the property re-sale market. With Contact’s financing abilities, we will open opportunities to many individuals and families to own homes they wish to buy, which will enable us to break the existing stagnation in the market due by lack of financial liquidity.” Zater also points that Contact’s vision on developing financing services and products is parallel to Sakneen’s vision to make a breakthrough in the Egyptian real-estate market. “With an advanced search-engine, interactive technologies and easy financing, this partnership will be the first step to change the concept of buying and selling property in Egypt,” he adds.
For his Part, Ramy Khorshed, Sakneen’s CEO & co-founder, elaborates that the aim is to change the way property is being offered to the public, which always lacks key information when listing the property on sites and platforms. “Our platform will help buyers make decisions faster and smoother, resulting in a unique and simple property buying experience,” Khorshed explains.
In a related context, Contact’s Marketing and Digital Transformation Group General Manager Yasmina Fahmy sees this partnership as a game-changer for the real-estate market. “We see our partnership with Sakneen a reflection of technological advancement and digital transformation, as we believe that clients today are looking for smooth and quick solutions that are put between their hands through smartphones. We will see a huge breakthrough in the real-estate market as a result of this partnership, as it is the first step towards breaking the stagnation in the market,” she comments.