تصميم وتطوير منصة رقمية للتمويل الجماعي العقاري في الجزائر

Abstract

This study aimed to examine the feasibility of designing and developing a digital real estate crowdfunding application in Algeria through the prototype of Riwaq Invest, with the objective of providing an alternative financing and investment mechanism that leverages the capabilities of financial technology. The study adopted both the descriptive-analytical approach and the case study method. A functional prototype was developed using Cursor AI and Supabase, while the project's business model, technical readiness, legal and regulatory compliance, and financial feasibility were comprehensively evaluated. The findings indicated that the equity-based crowdfunding model is the most suitable for the nature of real estate investment. The technological tools employed also demonstrated their effectiveness in supporting the development of a functional prototype. Furthermore, the study revealed the possibility of achieving initial compliance with the Algerian regulatory framework and attaining financial sustainability under realistic operational assumptions. It concluded that Riwaq Invest represents a promising model for implementing real estate crowdfunding in Algeria.