VeriEstate to debut as proptech startup in Dubai
VeriEstate aims to become a one-stop solution for all aspects of real estate
Dubai: VeriEstate, a Dubai-based proptech startup, is set to launch an innovative all-in-one property assessment platform, the company said in a media release. Registered with the DIFC Innovation Hub, the largest innovation ecosystem in the region, VeriEstate aims to become a one-stop solution for all aspects of real estate, leveraging cutting-edge technology to enhance transparency and efficiency in the market, according to the company.
VeriEstate, under the leadership of CEO Rajab Ali Virani, aims to be a top aggregator for real estate inspection services and it will bring together a wide array of inspection firms under one umbrella, providing prospective buyers and renters with comprehensive and transparent property assessments, the media release said. The platform combines advanced technologies like AI, blockchain, and data analytics to conduct in-depth non-invasive inspections to identify hidden issues in Mechanical, Electrical, and Plumbing (MEP) systems.
According to the media release, VeriEstate team is composed of highly skilled MEP engineers and inspection experts, and their reports - built on a 110-checkpoint inspection - carry official credentials, positioning them as a reliable resource for buyers, renters, brokers, property owners and holiday homes.
"By uniting inspection services and property listings under one platform, we are not just simplifying the real estate process - we are setting a new benchmark for the industry. VeriEstate represents the future of real estate transactions, where every decision is informed, every action is secure, and every stakeholder is empowered," said Rajab Ali Virani, CEO of VeriEstate.
VeriEstate has also launched a property search module, featuring aggregated listings from various real estate platforms, which allows users to find properties across Dubai in one place, the company said. With the help of API integration, real estate companies and brokers can seamlessly display their property images on VeriEstate, eliminating the need for redundant uploads.
According to the company, VeriEstate's platform will also serve both B2C and B2B customers. For individual buyers, VeriEstate offers a unique service that allows them to access inspection options from anywhere in the world. Similar to hotel booking platforms, the solution provides customers with a choice of inspection companies, complete with price points per square foot and reviews, enabling them to make informed decisions based on their budget and needs.
On the B2B side, VeriEstate acts as an aggregator for inspection companies, consultants, and MEP firms, streamlining operations and ensuring consistency in the quality of inspections. VeriEstate will also serve as an aggregator for real estate platforms, providing a comprehensive marketplace for the industry.
VeriEstate has already secured partnerships with leading inspection companies, including GTA Inspectors and The Snag Master, with more partnerships expected to be announced in the months to come. The company is also in discussions with major developers to establish exclusive partnerships as their dedicated inspection arm.
"Partnering with VeriEstate aligns with our commitment to providing top-tier inspection services," said Ehab Farid P, Engineer at GTA Inspectors. "Their innovative approach and use of advanced technology set a new standard in the industry."
Umera Adhnan, Managing Partner at The Snag Master, added, "We are excited to collaborate with VeriEstate and bring our expertise to a platform that prioritizes transparency and quality in real estate."
The app’s launch coincides with a shifting real estate tech landscape in the region. The Dubai Land Department and RERA are leading the way in adopting proptech solutions to advance the real estate industry, with initiatives like the #REES by Dubai Land Department, which unite the public and private sectors around the common goal of driving real estate innovation. Beyond the launch, VeriEstate will look to achieve a significant market presence, aiming to reach a user base of 10 million by 2026, the company said.