VeriEstate, a proptech startup based in Dubai, is preparing to launch a comprehensive property assessment platform designed to streamline real estate transactions.
Operating within the DIFC Innovation Hub, the largest innovation ecosystem in the region, VeriEstate aims to offer a unified solution for real estate needs, employing advanced technology to improve transparency and operational efficiency.
In its initial rollout, VeriEstate plans to consolidate various inspection firms under one platform, offering detailed and transparent property assessments to prospective buyers and renters. The platform utilizes technologies such as AI, blockchain, and data analytics to conduct thorough, non-invasive inspections, addressing a significant market need by detecting underlying issues in Mechanical, Electrical, and Plumbing (MEP) systems.
VeriEstate’s inspection reports, which are based on a 110-point checklist, are designed to serve as a reliable resource for buyers, renters, brokers, property owners, and holiday home operators.
“By integrating inspection services and property listings into one platform, we aim to simplify the real estate process and set a new industry standard. VeriEstate is poised to redefine real estate transactions, ensuring informed decisions, secure actions, and empowered stakeholders,” stated Rajab Ali Virani, CEO of VeriEstate.
The platform also features a property search module that aggregates listings from various real estate platforms, allowing users to find properties across Dubai in one location. With API integration, real estate companies and brokers can display their property images on VeriEstate without the need for multiple uploads.
VeriEstate’s services are intended for both B2C and B2B markets.
The startup has already formed partnerships with prominent inspection companies, including GTA Inspectors and The Snag Master, with additional collaborations anticipated in the near future. VeriEstate is also in talks with major developers to form exclusive partnerships, positioning itself as their dedicated inspection partner.
“Collaborating with VeriEstate aligns with our commitment to delivering top-tier inspection services,” remarked Ehab Farid P, Engineer at GTA Inspectors. “Their approach, supported by advanced technology, is setting a new benchmark in the industry.”
Umera Adhnan, Managing Partner at The Snag Master, added, “We look forward to working with VeriEstate to bring our expertise to a platform that values transparency and quality in real estate.”
The launch of the app coincides with ongoing developments in the regional real estate technology landscape. Entities like the Dubai Land Department and RERA are championing the adoption of proptech solutions to advance the real estate sector, including initiatives like #REES by Dubai Land Department, which unite public and private sectors to drive innovation. VeriEstate aims to establish a strong market presence, targeting a user base of 10 million by 2026.
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By Proptechbuzz
By Ravi Kumar
