Ghanem Leads Saudi Arabia’s First Large-Scale Real Estate Tokenisation Effort

Mohammed Fathy

Last updated 2-04-2026

3 min

Saudi proptech Ghanem issued sukuk for its first tokenised property investment.

Over 500 investors bought digital shares in a single real estate asset.

The fully automated process linked smoothly with the national real estate registry.

The deal ran under the Real Estate General Authority’s regulatory sandbox.

It signals growing appetite for “fractional ownership” and digital property investment.

Saudi proptech platform Ghanem has announced the successful issuance of sukuk for its first investment opportunity through real estate tokenisation, marking a notable step in the Kingdom’s journey towards fractional property ownership.

In simple terms, tokenisation allows a property to be divided into digital shares, enabling multiple investors to own a stake in a single asset. In this case, more than 500 investors came together to invest in one property through a fully digital process. That’s not a small feat. In fact, it is being described as the first time in Saudi Arabia that a real estate asset has been tokenised at this scale, with sukuk issued as part of the structure.

What stands out is that the entire operation was automated and integrated with the national real estate registry. This kind of technical and regulatory alignment is often a bit of a faff in emerging sectors, yet here it appears to have worked smoothly. It also reflects how far the Kingdom has come in building the infrastructure needed to support modern property products.

The achievement was enabled through the regulatory sandbox of the Real Estate General Authority, which has been opening doors for innovative investment models and more efficient digital real estate solutions. Regulatory sandboxes, for those less familiar, allow companies to test new financial or property technologies within a controlled environment before a full rollout. It’s a cautious but practical approach, and, I reckon, a sensible one when you’re dealing with people’s money and property rights.

Ghanem says the move underlines its commitment to offering a reliable and seamless investment experience, while widening access to income-generating real estate opportunities. The focus, according to the platform, remains on transparency, accessibility and operational efficiency through a regulated, tech-driven model.

On the flip side, tokenised property is still a new concept for many retail investors. Trust takes time. But bringing more than 500 participants into a single digitised transaction is, by any measure, a strong signal of growing appetitte for alternative ownership structures in Saudi Arabia.

For those of us who have followed the evolution of proptech across MENA, this feels like one of those quiet but important milestones. I remember speaking to early-stage founders years ago who struggled to explain fractional ownership without getting blank stares. Now, well… the market seems not just ready, but curious. And that curiosity could be spot on for a region eager to modernise its real estate sector.

Ghanem says it plans to build on this momentum by rolling out more curated opportunities and contributing to the future of digital real estate investment in the Kingdom. If execution remains this solid, others may well follow suit. And that, as many Arageek readers would agree, is how ecosystems mature, one structured, well-regulated experiment at a time.

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