FAQs
MADAC — the digital solution to manage and track real estate development projects
1
Who is Madak?
Madak is a Saudi application for financial technology that allows you to invest in income-generating real estate through regular partial ownership, with simple digital steps and under the regulatory supervision of the Capital Market Authority and the Dubai Financial Authority
1
Is Maddak licensed?
MADAC is currently being licensed by the competent regulatory authorities in Saudi Arabia and the UAE, including the Saudi Capital Market Authority and the Dubai Financial Services Authority. We operate in accordance with the highest standards of governance and compliance
1
Is ownership real?
Yes, the opportunity you invest in will have your legal share registered, giving you real ownership of the real estate asset
1
Is real estate operating and generating income?
Yes, all properties displayed on the app are existing properties that are rented or will be rented, and they are carefully examined in terms of financial and operational aspects before offering them
1
Can website analytics be tracked using a content management system?
Yes, analytics tools like Google Analytics can be integrated with content management systems to track site performance.
1
Can non-Saudis own property?
Yes, while complying with the ownership regulations for foreigners in Saudi Arabia and the UAE, including obtaining the necessary licenses, if any
1
Who manages real estate after ownership?
Madak manages and operates real estate through asset managers and distributes returns, with full transparency in all financial and operational details
1
Who is responsible for zakat and taxes?
MADAC does not pay zakat on behalf of investors, while any statutory and tax obligations are handled by MADAC
