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Ghanem Secures $7.1M to Revolutionise Saudi Real Estate with Fractional Ownership

Editorial Team
Editorial Team

3 min

Ghanem secures $7,1 million from Al‑Romaih Group to boost fractional ownership in real estate.

The platform allows investors to buy shares in properties, making real estate more accessible.

Operating under Saudi Arabia’s Regulatory Sandbox reassures investors about regulatory compliance.

Funding aligns with Vision 2030 by expanding products and strengthening technology.

This partnership validates the fractional ownership model, boosting proptech innovation in the region.

Ghanem, the Saudi proptech platform that focuses on fractional ownership, has just secured a fresh $7.1 million injection from Al‑Romaih Group. The group is well known in the Kingdom’s investment circles, especially in real estate and finance, so their backing carries a bit of weight. I reckon this kind of partnership shows how quickly the sector is shifting, even if—between us—it can be a bit of a faff sometimes for ordinary people to understand how these new models actually work.

The company has been positioning itself as a gateway for both individuals and institutions to tap into real estate opportunities without needing massive upfront capital. Fractional ownership basically lets investors buy small shares of a property rather than the whole thing, and the pitch from Ghanem has been all about transparency, flexibility and lower barriers to entry. The platform is also operating under the Regulatory Sandbox of Saudi Arabia’s Real Estate General Authority, which tends to reassure investors who worry about things going off the rails… well, I mean, we’ve all seen what happens when regulations lag behind innovation.

In a statement shared publicly, CEO and co‑founder Saleh Al‑Ghamdi said the team is “proud” to partner with Al‑Romaih Group, stressing that both sides share a vision for widening access to real estate investment. He explained that the funding will help Ghanem expand its products, strengthen its tech and push further into the market—supporting the broader goals of Saudi Arabia’s Vision 2030. Spot on, really, when you consider how central property and investment diversification are to that strategy.

What caught my attention is how much confidence this deal seems to signal in the fractional model itself. At Arageek, we often hear founders in the region say they’re chuffed to bits when a major investor validates their idea, and I’ve seen first‑hand how this kind of push can change a startup’s momentum. That said, proptech isn’t always a smooth ride. On the flip side, partnerships like this one often spark fresh product lines and nudge others in the market to innovate, increasing the depth and diversity of investment options in Saudi Arabia’s real estate scene.

All in all, the move looks like a deliberate step to accelerate Ghanem’s growth—possibly even faster than some expected. And believe it or not, even with all the buzz around proptech these days, seeing a traditional investment group dive into fractional ownership still feels a little surprising, in a good way. For anyone watching the region’s real estate shifts, it’s definately a story to keep an eye on.

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