UAE proptech Keyper takes in $6.5 million funding after rental model gains popularity
Summary
Dubai: The UAE proptech Keyper which manages properties for rental and pays landlords the full amount in advance has won some serious backing in the seed funding. Some early-stage companies offering crowdfunded property investments have also picked up VC and private equity support. One major standout of the platform is that landlords get the full rental contract value upfront, which Keyper then reclaims in instalments from the tenant. However, if the landlord avails our upfront rent services, the pricing is a percentage discount based on the number of payments from the tenant. That trend in the wider rental market has continued all through the next 22 months, with a majority of popular locations seeing rent increases of 20-25 per cent on average.