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

Revolutionizing Real Estate: VeriEstate Set to Launch in Dubai
Real Estate News:Dubai-based proptech startup VeriEstate is set to revolutionize the real estate industry with its all-in-one property assessment platform. Being registered within DIFC's Innovation Hub, the largest in the region, VeriEstate aims to redefine how real estate transactions happen, bringing more transparency and advanced technology.

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

Income Tax Department Issues Clarification on LTCG Calculations for Pre-2001 Real Estate
Real Estate Maharashtra

Income Tax Department Issues Clarification on LTCG Calculations for Pre-2001 Real Estate

The Income Tax Department has issued a clarification regarding the acquisition cost of real estate bought before 2001, providing new guidelines.

July 30, 2024
Read Article
Signature Global Invests Rs 300 Crore in Gurugram Housing Project
real estate news

Signature Global Invests Rs 300 Crore in Gurugram Housing Project

Signature Global, a prominent real estate player, is set to expand its footprint in the Delhi-NCR region by investing Rs 300 crore in a premium housing project in Gurugram, while also eyeing the Noida market.

January 12, 2025
Read Article
CREDAI Demands 10% Tax Exemption and Ayushman Limit Extension to ₹10 Lakh
Real Estate Mumbai

CREDAI Demands 10% Tax Exemption and Ayushman Limit Extension to ₹10 Lakh

The Confederation of Real Estate Developers' Associations of India (CREDAI) has called for significant measures to boost the affordable housing sector, including a 10% tax exemption and an extension of the Ayushman limit to ₹10 lakh.

January 30, 2025
Read Article
Mumbai Police Bust ₹1.85 Crore Theft Ring, Recover ₹1.55 Crore
real estate news

Mumbai Police Bust ₹1.85 Crore Theft Ring, Recover ₹1.55 Crore

The VP Road police in Mumbai have apprehended two suspects involved in the theft of Rs1.85 crore from a real estate broker and courier office in Bhoiwada, Girgaon. The police were able to recover a significant amount of Rs1.55 crore.

March 2, 2025
Read Article
Real Estate in Navi Mumbai and Pune to Thrive with Approval of Six-Lane Greenfield Highway
real estate news

Real Estate in Navi Mumbai and Pune to Thrive with Approval of Six-Lane Greenfield Highway

The approval of a new six-lane greenfield highway is set to boost the real estate markets in Navi Mumbai and Pune, bringing significant benefits to residents and investors alike.

March 21, 2025
Read Article
Phoenix Mills Rebounds in a Growing Real Estate Market
Real Estate

Phoenix Mills Rebounds in a Growing Real Estate Market

Phoenix Mills has shown a significant trend reversal amid broader gains in the real estate sector, contributing to a rising Sensex. The company's strategic moves and market dynamics are discussed in this article.

April 15, 2025
Read Article