Waasalt (Wasalt) is a Saudi real-estate platform rather than a traditional property developer, positioned as a joint venture between Dar Al Arkan and Quara Holding. Public sources describe it as founded in 2020 and licensed by the Saudi Real Estate General Authority (REGA), with a stated user base scale and active marketplace operations. Its “track record” is therefore measured in platform operation and market activity, not completed building handovers. Overall, Wasalt is a well-identified market participant in Saudi real estate services with verifiable corporate backing and licensing references.

Wasalt’s credibility is supported by publicly stated backing/ownership via Dar Al Arkan and Quara Holding, and by ongoing large-scale platform activity. Its REGA licensing and public platform presence (including a published license number on its site) provide additional verifiable signals of legitimacy as an operating business. However, publicly available audited financials specific to Wasalt (as a platform entity) are not prominently available in the reviewed sources. Financial credibility is therefore supported by backing and licensing, but not fully verifiable via standalone financial statements from sources reviewed.

As a platform, “project quality” translates to quality of listings, verification mechanisms, and operational reliability rather than construction execution. Public materials emphasize verified accounts and compliance positioning, but independent audits of listing accuracy or dispute resolution outcomes were not identified in the reviewed sources. Quality assessment should be treated as partially evidenced through licensing/verification claims but not independently measured from the reviewed sources.

Wasalt is publicly described as licensed by REGA, and its website displays a license number, indicating formal registration for regulated activity in Saudi Arabia. Quara Holding also describes compliance-related positioning for the platform (e.g., verified accounts and adherence to regulations). No public sanctions or regulatory enforcement actions specifically naming Wasalt were identified in the reviewed sources.

Publicly accessible, consistent user experience reviews were limited in the reviewed sources beyond corporate profiles and platform statements. Without high-volume independent user feedback, customer experience cannot be strongly rated positive or negative from the sources reviewed. Based on available information, customer experience remains insufficiently evidenced.

Wasalt is presented as a significant Saudi real-estate technology platform with major corporate backing and REGA licensing references, which supports a generally credible market reputation. Public sources highlight verification and compliance positioning, suggesting it is viewed as a formal, regulated player rather than an informal classifieds site. No major public controversies were identified in the reviewed sources.

Innovation is indicated through its positioning as a real-estate technology platform with verification workflows and digital processes. Sustainability-related building practices are not applicable in the same way as for a construction developer, and no specific sustainability initiatives were identified in the reviewed sources. Innovation is evidenced at the platform/process level, while sustainability evidence is limited/not applicable from reviewed sources.