Renters in the nation might save as much as Dh3 billion dirhams annually thanks to a new app that digitizes every stage of the rental procedure. At the App Olympics on Thursday, Takeem—which will digitize contracts and guarantee on-time rent payments—was selected as the winner of their Best Advanced category.
Rakesh Mavath, the founder, outlined the plan for saving the funds. He said that tenants typically have to pay a five percent security deposit in addition to five percent agency costs. The renter only has to pay 3% of the transaction charge, 1% of the security deposit insurance, and 1% of the rental guarantee insurance when using Takeem. Therefore, they will only need to pay 5% instead of 10%.
The inaugural App Olympics competition seeks to quicken Dubai’s ascent to becoming a global leader in mobile app development. It is a component of the “Create Apps in Dubai” campaign, which the Crown Prince of Dubai and Chairman of the Executive Council of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, launched intending to enhance the emirate’s standing as a world leader in the digital space.
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