Mashreq’s Property Mart scores big with customers

Press release
Published November 16th, 2014 - 10:15 GMT

Caetano Fernandes, Senior Vice President & Head of Mashreq Gold
Caetano Fernandes, Senior Vice President & Head of Mashreq Gold

Mashreq’s unique online property platform Mashreq Property Mart has been a grand success just months after its launch. The portal www.mashreqpropertymart.com is the first of its kind introduced by any bank in the UAE, and it gives prospective buyers and sellers the ability to interact with each other for the purpose of buying and selling properties, without the need of any intermediary or brokerage costs.

Mashreq Property Mart is a portal where you can find a qualified data base of prospective sellers and buyers with a variety of financing options, all under one roof. The platform has attracted a significant number of customers within a short period, with registered users increasing 3 folds since launch in July this year. The benefit from listing a property free of charge, to gauging the value of your property with a click of a button, has caught the attention of our users. The online platform provides customers with innovative solutions and services and acts as a one stop solution for acquiring their Dream Home, finding a prospective buyer or looking for a variety of financing options for their properties.

Commenting on this innovative platform, Caetano Fernandes, Senior Vice President & Head of Mashreq Gold commented, “At Mashreq, we value innovation and have consistently pioneered industry-changing conveniences in the UAE. Mashreq Property Mart is in line with this commitment. This innovative platform has been a tremendous success post the public launch. As the country’s real estate market shows signs of stability, we are proud to provide our customers with exciting new ways to address their real estate needs.”

Registration is a simple 3 step process, and the platform allows the customers to upload their properties with images and property details.  

Our “Property Guru” on Mashreq property Mart is extremely popular as it is capable of providing instant property valuation within seconds. Mashreq has utilized its proprietary Property Wealth Gauge to instantaneously evaluate the Current Market Price of a property once listed online by sellers on the Property Mart. This comprehensive database of properties allows buyers to filter out deals that suit their individual requirements.

Property searching to meet unique customer requirements can often be an overwhelming and expensive proposition. As a result, Mashreq Property Mart was launched to simplify the search process for customers, provide a team of dedicated mortgage specialists should customers wish to finance their property and offer host of other banking benefits. For sellers, this tool gives them unrivalled access to a wide array of property buyers. 

Background Information

Mashreq

Mashreq has provided banking and financial services to millions of customers and businesses since 1967.

We are one of UAE's leading financial institutions with a growing retail presence in the region including Egypt, Qatar, Kuwait and Bahrain. We focus on providing our customers access to a wide range of innovative products and services.

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