Participatory Development (Real Estate Development Company) The landowner participates with the real estate developer in establishing a real estate project (villas, buildings, towers, etc.) according to the following mechanism: The owner provides the land as collateral or partial transfer, etc. The developer finances and establishes the project either through the company's financial solvency, some project financing funds, or the Wafi platform (off-plan sales). The owner's share is the value of the land, and the developer's share is the construction cost, in addition to their profit share as agreed upon after the feasibility study.