Dubizzle Group has taken a strategic investment in Takeem, the UAE-based rent guarantee platform, and made Bayut and Dubizzle the exclusive property portals for Takeem’s Rental Guarantee solution.
The product protects landlords against tenant non-payment and includes emergency maintenance cover for urgent repairs, while enabling monthly digital direct debit rent payments. Dubizzle Group described it as the first product of its kind in the GCC.
What Rental Guarantee covers
Takeem was founded in 2023 by Rakesh Mavath and Pooja Vithlani and has onboarded more than 100,000 rental units, drawing on a proprietary database of rental data to underpin its underwriting models. The company said client onboarding grew 900% over the past two months.
Through the exclusivity arrangement, Bayut and dubizzle become the sole property portals offering Takeem’s Rental Guarantee, embedding the protection into the rental search and leasing process rather than treating it as a separate add-on.
Second rental-proptech investment in two months
The investment was made through Dubizzle Group Ventures, the Group’s early-stage arm, which backs technology founders building around its marketplaces in the GCC. It follows Dubizzle Group’s recent investment in Tern, a UAE-based rental payments platform that gives tenants more flexible ways to pay rent.
Distribution turns the product into infrastructure
In comments shared exclusively with Fintechly, Rakesh Mavath, co-founder and CEO of Takeem, said the Dubizzle partnership “puts rent protection where the entire market already is.” He said the distribution deal “turns a product into infrastructure” for Takeem, and gives the UAE rental market “a structured way to take default risk off the table for landlords and agents” for the first time.
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