Ahmed El-Batrawy, Chairman and Founder of the Official Egyptian Real Estate Platform, announced that the platform operates in accordance with the global Multiple Listing Service (MLS) system, which is a centralized real estate database used in the world’s largest markets such as the United States, Europe, and the Gulf countries. This system enables banks, the state, developers, and investors to operate with full transparency, as it ensures that all buying and selling transactions are registered under a unified reference number. This contributes to protecting citizens’ rights and guarantees the accurate collection of the state’s tax revenues.
During his appearance on the “Studio Extra” program, El-Batrawy explained that the primary objective of the platform is to comprehensively cover the entire real estate market in order to provide services that benefit local citizens on one hand, while attracting foreign investors and global investment funds on the other.
He also confirmed that integrating the Matrix system into the platform will provide detailed and accurate reports on sales activity and price movements across different areas, supporting the state in evaluating the real estate market using a scientific and systematic approach.
He added that Egypt will be the first country in the Middle East to implement this system comprehensively, marking a qualitative shift in the real estate sector and placing it on par with global markets. This development will rely on the use of modern technology and artificial intelligence techniques to manage the market and ensure high levels of transparency and efficiency.
