VeriEstate is a Dubai-based proptech startup that is set to launch an all-in-one property assessment platform. Registered with the DIFC Innovation Hub, the largest innovation ecosystem in the region, VeriEstate aims to revolutionize the real estate industry by providing a comprehensive solution for all aspects of real estate transactions. The platform will utilize cutting-edge technologies such as AI, blockchain, and data analytics to enhance transparency and efficiency in the market.
In its initial phase, VeriEstate will bring together a variety of inspection firms under one platform, offering prospective buyers and renters transparent and detailed property assessments. By conducting in-depth non-invasive inspections using advanced technologies, VeriEstate will address critical gaps in the market, such as identifying hidden issues in Mechanical, Electrical, and Plumbing (MEP) systems. The platform’s reports will be built on a 110-checkpoint inspection, making them a reliable resource for buyers, renters, brokers, property owners, and holiday homes.
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 place. Real estate companies and brokers can seamlessly display their property images on VeriEstate through API integration, streamlining the listing process. VeriEstate’s platform will cater to both B2C and B2B customers, providing a comprehensive solution for all stakeholders in the real estate industry.
VeriEstate has already established partnerships with leading inspection companies such as GTA Inspectors and The Snag Master, with more partnerships expected to be announced in the future. The company is also in discussions with major developers to establish exclusive partnerships to be their dedicated inspection arm. These partnerships highlight VeriEstate’s commitment to providing top-tier inspection services and prioritizing transparency and quality in the real estate industry.
The launch of VeriEstate’s app comes at a time when the real estate tech landscape in the region is evolving rapidly. The Dubai Land Department and RERA are spearheading the adoption of proptech solutions to advance the real estate industry, with initiatives like the #REES by Dubai Land Department aimed at driving real estate innovation. VeriEstate aims to achieve a significant market presence, with plans to reach a user base of 10 million by 2026, showcasing its ambition to transform the real estate industry through innovative and technology-driven solutions.
