EGLOOZ PropTech platform signs a joint cooperation agreement with SADAD

EGLOOZ, the first Bahraini PropTech platform, has signed a joint cooperation agreement with SADAD, to enable online rental collection for residential and commercial properties at ease.

In this regard, Dr. Zakariya Ahmed Hejres, Chairman of the Board of Directors of EGLOOZ, said, "This agreement is the result of fruitful efforts between EGLOOZ platform and SADAD with the aim of supporting innovation and digital transformation in the real estate sector, as this service will remove the burden of manual, lethargic tasks and further automate to help reduce expenses, time and effort; ensuring highest quality and effective services to clients. Dr. Zakariya added, "We are pleased to sign this agreement in line with our strategic direction to grow within the FinTech ecosystem and work with various authorities and focus on national initiatives inline with the economic vision of The Kingdom and support the national plan for digitizing the real estate sector."

Dr. Mohammed Refaat Al-Kashef , a member of the Board of Directors of SADAD Bahrain, said, “This agreement aims to strengthen the cooperation of frameworks between SADAD and EGLOOZ; support the rise of PropTech and enablement of electronic payment services in addition to supporting Financial transfer operations and automate the mechanism of payment settlements.

Mr. Esam Al-Quradhi, Founder and CEO of EGLOOZ, further added, “Our partnership with SADAD comes within our goals to blend our PropTech solution along with financial inclusion and enhance the digital experience to serve clients in the real estate sector and to provide them with simpler and faster experience. This agreement will greatly contribute to stimulating the increase in electronic payments for real estate rental payments. ".

Eglooz platform, available for iOS and Android users; offers real-time, automated rental collection platform with inbuilt real estate management modules, such as smart dashboards and the digital rental book. Property maintenance, organizing teams, sending notifications/alerts are other attractive features you would never wish to miss.