Revolutionizing Real Estate: VeriEstate Set to Launch in Dubai
VeriEstate, a Dubai-based proptech startup, is set to raise the benchmark in the real estate landscape with its innovative all-in-one property assessment platform.
ProptechReal EstateDubaiInnovationBlockchainReal Estate NewsAug 14, 2024
Headed by its CEO Rajab Ali Virani, VeriEstate is on the road to becoming one of the largest aggregators in property inspection services by bringing together inspection companies as one entity to prospective buyers and renters. The platform will deliver comprehensive and completely transparent property assessment using AI, blockchain, and data analytics integration. VeriEstate is covering the most critical market gaps, particularly in its Mechanical, Electrical, and Plumbing (MEP) systems.
Reports from the platform, built upon a rigorous 110-point inspection, come with official credentials to become a reliable resource for buyers, renters, brokers, property owners, and holiday homes.
VeriEstate has an innovative search property module integrated onto its platform that brings together listings on one site, sourced from multiple real estate websites, through which a client can browse through various properties across Dubai.
By having such integration working, the companies and the agents dealing with property can have all the property images from their listings be automatically displayed on VeriEstate, saving them time under the redundant upload process of images and streamlining their listing procedure.
VeriEstate solutions cater to both B2C and B2B customers. For private consumers, it is somewhat a service similar to a platform for booking hotels, through which the user accesses the choices of companies offering examination according to requirements and budgets, clearly articulating the fee points according to per square foot and appraisals.
On the B2B side, VeriEstate turns into an aggregator for inspection firms, consultants, and MEP corporations to make sure it attains efficiency and operational stringency. What is more, VeriEstate functions as a venue aggregator for properties, thus enables a complete and unified industry environment.
The company is yet to enter collaborations with the biggest of these inspection companies, such as GTA Inspectors and The Snag Master, but it is currently in the process of negotiating exclusive contracts with major developers that will name them the sole inspection hand.
All these collaborations build VeriEstate not just further but as the top inspection service provider, and these are setting the pace for the industry.
The launch of VeriEstate is timely and corresponds with the emerging prop-tech landscape in the real estate sector in Dubai, where initiatives such as #REES by Dubai Land Department are set to take the sector forward. VeriEstate looks forward to gaining substantial market presence in its bid to at least attract 10M users by 2026.
Founded by tech entrepreneur Rajab Ali Virani, VeriEstate is harnessing the power of blockchain, AI, and data analytics to conduct detailed property inspections and get to the bottom of latent issues in the MEP systems. VeriEstate improves trust and transparency, in what's considered for most the largest transaction of their lives, through a seamless, end-to-end suite of inspection services unified with the platform owners, renters, and professionals alike.
VeriEstate is a Dubai-based proptech startup that aims to revolutionize the real estate industry with its innovative all-in-one property assessment platform.VeriEstate is a registered company within DIFC's Innovation Hub, the largest in the region.
Frequently Asked Questions
What is VeriEstate?
VeriEstate is a Dubai-based proptech startup that aims to revolutionize the real estate industry with its innovative all-in-one property assessment platform.
What services does VeriEstate offer?
VeriEstate offers comprehensive and completely transparent property assessment using AI, blockchain, and data analytics integration.
Who is the CEO of VeriEstate?
The CEO of VeriEstate is Rajab Ali Virani.
What is the goal of VeriEstate?
The goal of VeriEstate is to gain substantial market presence and attract at least 10M users by 2026.
What initiatives is VeriEstate a part of?
VeriEstate is part of the emerging prop-tech landscape in the real estate sector in Dubai, where initiatives such as #REES by Dubai Land Department are set to take the sector forward.
Related News Articles
Breaking Free from Goa's Real Estate Mafia
Goa's land mafia, in collusion with corrupt officials, has been grabbing government and private properties, highlighting the need for transparency and accountability.
WeWork India Expands Portfolio with Two New Centers in Bengaluru and Noida
WeWork India, a flexible workspace provider, has added two new centers in Bengaluru and Noida, totaling over 1.4 lakh sq ft.
Godrej Properties Sees 3% Rise in Q2 Sales Bookings to Rs 5,200 Cr
Godrej Properties Ltd, a leading real estate developer in India, has reported a 3% increase in sales bookings for the second quarter of the financial year, reaching nearly Rs 5,200 crore.
Creating Premium Living: The Role of Infrastructure and Amenities in Luxury Real Estate
Gurugram has emerged as a leading hub in the luxury real estate market, with a significant 88% of new launches concentrated in the area, according to a recent IPC report.
Etonhurst Capital to Raise ₹500 Crore for Mumbai Real Estate Redevelopment
Mumbai's real estate market, constrained by limited land availability, is witnessing a surge in redevelopment projects. Etonhurst Capital Partners, a prominent investment firm, is set to raise its first real estate fund, targeting residential redevelopmen
A Comprehensive Look at the Real Estate (Regulation and Development) Act, 2016 (RERA)
In today's world, every person purchases immovable property from Real Estate Developers, whether for residential or commercial purposes. The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to regulate the real estate sector and pr