This is our independent comparison of the leading fractional real estate platforms in Saudi Arabia. No platform pays for placement: each is assessed on the same criteria — regulation, what you actually own, minimum investment, fee transparency, Sharia governance, and access for non-Saudis — using publicly available information, with gaps marked honestly rather than guessed. Last reviewed: June 2026.
A key distinction runs through this market: deed-based platforms (regulated under REGA) give you a registered share of a specific property, while fund-based platforms (licensed by the CMA) give you units in a managed fund. We explain why this matters in our guide to REGA versus CMA.
The leading platforms compared
| Ghanem | Jozo | Madak | Aseel | |
|---|---|---|---|---|
| Model / regulator | REGA sandbox; Val brokerage licence | REGA sandbox | REGA sandbox | CMA-licensed (funds) |
| What you own | Fractional deed / usufruct | Tokenized deed-based share | Deed-based share | Units in a managed fund |
| Minimum | From SAR 1,000 | Not disclosed | From SAR 500 | From SAR 1,000 |
| Fee transparency | Types disclosed; amounts per deal | Not disclosed | Not disclosed | Per-fund documents |
| Sharia governance | Named committee; decisions published | Not detailed | States Islamic principles; no named committee | Named Sharia committee |
| Non-Saudi access | Dedicated pathway (some deals Saudi-only) | Verify | Saudi market only | Verify |
| Distributions | Periodic (states monthly) | Periodic rental | Monthly | Per fund |
| Full review | Ghanem → | Jozo → | Madak → | Aseel → |
“Not disclosed” means the platform does not publish this information; confirm it in-app. We deliberately do not assign a single composite score, because too much underlying data is set per opportunity rather than published as a fixed figure. Instead we give category verdicts below, and a transparent scoring framework is rolling out on our methodology page.
Category verdicts
Different investors prioritise different things, so rather than one ranking, here is the best fit by priority — each tied to a verifiable fact:
- Most established (scale & track record): Aseel — CMA-licensed, with the largest reported fund size and distributions of the platforms here.
- Lowest entry point: Madak — advertises investing from SAR 500, the lowest we found.
- Most transparent Sharia governance: Ghanem — names its Sharia committee and publishes the committee’s decisions per product.
- Most technically advanced (tokenization): Jozo — associated with the first private-sector tokenized property deed in the Kingdom.
- For non-Saudi / overseas investors: Ghanem — offers a dedicated non-Saudi pathway, though some opportunities remain Saudi-only.
- For fund-style, managed exposure: Aseel — units in a professionally managed fund with securities-law oversight, rather than a single-property deed.
Other licensed platforms
REGA’s first regulatory-sandbox cohort included nine platforms in total. Alongside those above, the cohort is reported to include Sahl, Droub, Noula, Haseeltak, Gamma Assets and Hustak. These are named participants but currently publish limited public information on their products, fees and structure — so we list them here rather than profiling them in depth, and will expand each into a full review as it discloses more. As always, confirm any platform’s active status and licensing directly before investing.
A note on Tamlek
Tamlek (تمليك) is a live Saudi fractional-ownership platform that markets itself as operating under REGA supervision. We include it for completeness, but with a clear caveat: at the time of review it does not appear among the publicly named REGA sandbox cohort, and it publishes no licence number or named Sharia committee. That does not mean it is not legitimate — but it does mean its regulatory standing is unverified from public sources. Treat it with extra diligence and confirm its licensing directly before investing.
How we compare platforms
Every platform on this page is assessed against the same criteria, drawn from each platform’s own disclosures, official announcements, and — where applicable — verifiable licence records such as the CMA register. Where a platform operates in the REGA sandbox, we state plainly that this is supervised test permission rather than full market authorisation. Where information is not public, we mark it “not disclosed” rather than estimate. Our full framework, including how each criterion is weighted, is on our methodology page. Reviews are dated and updated as platforms disclose more and as regulations are finalised.
FractionalKSA is an independent comparison and information resource. We are not affiliated with any platform listed, are not a licensed investment platform or financial adviser, and nothing here is investment advice. All investment carries risk of loss. Details are based on publicly available information, may change, and should be verified directly with each platform before investing.