Cranfield, England, November 21, 2022, Chainwire

WAHED is pleased to announce a new partnership with Creator’s Group. With years of experience in real estate and property management, Creators Group can look forward to enjoying a number of advantages that blockchain can add to this industry.

Established by CEO Eng. Ali Al Salman in Riyadh, Saudi Arabia in 2016, Creators Group has established itself as a leader in both the local and overseas markets. Serving the best interests of investors, homeowners, corporate clients, developers and homeowners, the Creator’s group streamlines investment activities for all those looking to get involved in real estate.

Creator’s Group offers the following services to clients in Saudi Arabia and abroad

• Purchase and sale of land and properties
• Commercial and residential leases and rentals
• feasibility studies
• Project development
• property brokerage
• Guidance and Investment Opportunities
• property valuation

WAHED is a next generation investment and philanthropy platform powered by WAHED Coin. Headquartered in the UK and led by Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa, WAHED has a vision to improve the world by fostering business activities. WAHED, acting as a blockchain and investment partner, aims to bring all the benefits of the decentralized economy to companies looking to generate value on a larger scale and with greater efficiency.

How the association will add value

The WAHED ecosystem is based on the Binance Smart Chain, an innovative blockchain that enables the implementation of smart contracts. With the ability to schedule actions on a permanent and publicly visible blockchain, it will be possible to implement greater transparency and accountability in all activities.

Transparency and Efficiency in Operations

The proximity of the real estate world to existing legal and governmental frameworks makes the drafting of contracts and obligations a critical and costly process. Blockchains and smart contracts can significantly reduce costs by using templates that can be tailored to the end user’s requirements. Thanks to this innovation, the entire scope of operations benefits from increased efficiency and lower recurring costs.

Transparency in Transactions

By using the permanent blockchain ledger, all parties involved in a transaction will be aware of the requirements, costs, and procedures to ensure that the deal is concluded efficiently. Using smart contracts to account for costs such as travel time, office supplies, legal advice, and auction bids can clarify requirements for all parties involved, leading to significant savings in time and money.

Transparency in Obligations

When a property passes from one owner to another, conditions may exist that affect the terms of sale. These obligations may include modifications to comply with legal requirements, such as material quality and fire safety, or aspects related to design and/or function. Immutably recording these requirements in a smart contract that is executed when the terms are met will be a significant time saver.

Transparency for brokerage

Agent and broker commissions can range from 1% to 6% of the cost of the transaction. While there can be significant costs that drive fees to be so high, a lack of transparency can affect buyer confidence. Blockchains allow for trustless transactions and the ability to reduce the number of intermediaries. End users can enjoy faster response time and lower fees.

Permanent records of ownership and property rights

Blockchains are great for showing ownership of property. These permanent, tamper-proof records can be updated when assets change hands, and more details can be added, such as stipulating commercial and use rights for a specific parcel. Due diligence and property registration with the Federal Registration Service and notary payments will be done on the blockchain, and fees will be included as part of the service package.

The partnership between Creators Group and WAHED offers a variety of benefits that are sure to elevate the experience and cost savings for end users. By using blockchain as a tool to promote efficiency and transparency, WAHED aims to raise the bar on how business can be conducted and lives can be improved.

About WAHED

WAHED Coin will be available to trade on LBank on December 5, 2022. Join the WAHED community to get the latest updates on partnerships, new features, and more. visit our official website for more information and to join our Twitter, Discord, Facebook Y instagram.

Contact

Wahed Projects Team
marketing@wahedprojects.org