Marrakech – Yakeey and Umnia Bank have partnered to launch Morocco’s first iBuying platform, introducing an instant home-buying model that promises to revolutionize the country’s real estate market.
The collaboration addresses critical challenges facing Moroccan families when changing homes. Families must sell their current property at the right time and price while securing their next purchase simultaneously.
In practice, selling within desired timeframes remains the major obstacle as visits multiply, negotiations drag on, and buyers often withdraw or fail to obtain financing. This frequently leaves families unable to pursue their housing dreams.
The alternative of buying before selling creates immense pressure, with families facing considerable stress and real financial risk, often needing urgent liquidity or complex, uncertain, and expensive temporary loans.
Yakeey and Umnia Bank launched iBuying to address these difficulties. This transactional model accelerates, simplifies, and secures apartment sales and purchases through a technology platform.
The iBuying service offers sellers fair pricing with firm offers within 48 hours and cash payment within 10 days through Umnia Bank. According to both entities’ press release, buyers receive selected and expertised apartments at clear prices without hidden fees, plus immediate competitive financing.
“The iBuying marks a major step in our mission: offering Moroccan citizens the capacity to sell or buy, almost instantaneously and in complete security,” said Karim Beqqali, Yakeey’s founder and CEO.
“Yakeey is the trusted third party that accompanies households at each stage of their real estate journey, with honesty, clarity, and efficiency, thanks to the unique combination of its technology and its network of advisors.”
Beqqali explained that with iBuying, the company does not simply digitize the real estate market but structures and finances it, placing innovation at the service of real needs of Moroccan households.
A new benchmark in property transactions
Adnane El Gueddari, Umnia Bank’s general director, confirmed their commitment to supporting structural changes in the real estate market. “By partnering with Yakeey to launch iBuying, Umnia Bank confirms its commitment to accompanying structural developments in the real estate market,” El Gueddari said.
He noted their role in providing stability, transparency, and execution capacity as a national banking actor serving families advancing real estate projects with confidence through clearer, more controlled processes.
The Moroccan iBuying model combines Yakeey’s real estate expertise with Umnia Bank’s capacity to directly finance properties. Yakeey developed automated tools enabling reliable, independent estimates based on real market data and advanced algorithms.
Markets facing similar constraints have already adopted iBuying as a new standard. In Egypt and Latin America, companies like Habi in Mexico and Colombia have become major local real estate players.
Yakeey operates as a technology-driven platform combining digital tools with experienced advisory services. Users can buy, sell, rent, or estimate properties, including apartments, villas, commercial spaces, and land, through transparent processes.
The platform markets itself as offering reliable market price estimation, curated property listings, and professional agent support.
Umnia Bank, established in 2017 as Morocco’s first dedicated participative bank, operates as a subsidiary of CIH Bank. The institution was created through a partnership between the Caisse de dépôt et de gestion (CDG), CIH Bank, and Qatar International Islamic Bank (QIIB) to bring Sharia-compliant banking services to Morocco.
The bank offers a broad range of financial products that align with Islamic finance principles, including current accounts, investment deposits, vehicle financing, and murabaha-based property financing.
Umnia Bank also supports individual and business customers with tools like its UConnect digital banking platform for remote account management, bill payments, and transactions.
With branches across many Moroccan cities and services tailored for both residents and Moroccans living abroad, the bank aims to combine modern financial technology with ethical, compliant financing solutions.
