Carabia

About Carabia

Carabia is an online marketplace connecting private buyers and sellers of used cars in the UAE. It offers free listings for sellers and provides a curated selection of pre-owned vehicles with transparent pricing, aiming to streamline the car trading process.

<problem> The used car market in the UAE lacks transparency and trust, with buyers often facing challenges in finding quality vehicles and sellers encountering time-wasting inquiries. Traditional dealerships can have high markups, while generic online marketplaces may not adequately vet listings, leading to uncertainty and potential scams. </problem> <solution> Carabia is an online marketplace designed to connect private buyers and sellers of pre-owned cars in the UAE, fostering a secure and transparent trading environment. The platform addresses the lack of trust by meticulously vetting each listing and ensuring that only quality vehicles meeting specific standards are showcased. Carabia offers both "Buy Now" options, where buyers can make offers on listed prices, and an upcoming auction feature for competitive bidding. By eliminating dealership markups and focusing on committed buyers, Carabia aims to provide market-leading prices and a streamlined, hassle-free experience for both parties. </solution> <features> - Vetted and inspected vehicles to ensure listing quality standards are met - Fixed price ("Buy Now") and auction listing options for flexible selling and buying - Seller portal with free valuations and vehicle inspections to aid informed decisions - Management of offers and bids directly from a personal account - Transparent fee structure with a Carabia commission (2% inclusive of VAT, minimum AED 2,000, maximum AED 10,000) paid by the buyer - Comprehensive FAQ section addressing key aspects of selling and buying used cars in Dubai, including required documents, transfer of ownership, and technical inspections </features> <target_audience> Carabia primarily targets individual car buyers and sellers in the UAE seeking a secure, transparent, and efficient platform for trading used vehicles without the involvement of traditional dealerships. </target_audience> <revenue_model> Carabia generates revenue through a commission-based model, charging the buyer 2% of the final purchase price (inclusive of VAT), with a minimum fee of AED 2,000 and a maximum fee of AED 10,000. </revenue_model>

What does Carabia do?

Carabia is an online marketplace connecting private buyers and sellers of used cars in the UAE. It offers free listings for sellers and provides a curated selection of pre-owned vehicles with transparent pricing, aiming to streamline the car trading process.

Where is Carabia located?

Carabia is based in Dubai, United Arab Emirates.

When was Carabia founded?

Carabia was founded in 2023.

Who founded Carabia?

Carabia was founded by Max Lovett.

  • Max Lovett - Co-Founder
Location
Dubai, United Arab Emirates
Founded
2023
Employees
3 employees
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Carabia

Score: 50/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

Carabia is an online marketplace connecting private buyers and sellers of used cars in the UAE. It offers free listings for sellers and provides a curated selection of pre-owned vehicles with transparent pricing, aiming to streamline the car trading process.

carabiacars.com300+
Founded 2023Dubai, United Arab Emirates

Funding

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Team (<5)

Max Lovett

Co-Founder

Company Description

Problem

The used car market in the UAE lacks transparency and trust, with buyers often facing challenges in finding quality vehicles and sellers encountering time-wasting inquiries. Traditional dealerships can have high markups, while generic online marketplaces may not adequately vet listings, leading to uncertainty and potential scams.

Solution

Carabia is an online marketplace designed to connect private buyers and sellers of pre-owned cars in the UAE, fostering a secure and transparent trading environment. The platform addresses the lack of trust by meticulously vetting each listing and ensuring that only quality vehicles meeting specific standards are showcased. Carabia offers both "Buy Now" options, where buyers can make offers on listed prices, and an upcoming auction feature for competitive bidding. By eliminating dealership markups and focusing on committed buyers, Carabia aims to provide market-leading prices and a streamlined, hassle-free experience for both parties.

Features

Vetted and inspected vehicles to ensure listing quality standards are met

Fixed price ("Buy Now") and auction listing options for flexible selling and buying

Seller portal with free valuations and vehicle inspections to aid informed decisions

Management of offers and bids directly from a personal account

Transparent fee structure with a Carabia commission (2% inclusive of VAT, minimum AED 2,000, maximum AED 10,000) paid by the buyer

Comprehensive FAQ section addressing key aspects of selling and buying used cars in Dubai, including required documents, transfer of ownership, and technical inspections

Target Audience

Carabia primarily targets individual car buyers and sellers in the UAE seeking a secure, transparent, and efficient platform for trading used vehicles without the involvement of traditional dealerships.

Revenue Model

Carabia generates revenue through a commission-based model, charging the buyer 2% of the final purchase price (inclusive of VAT), with a minimum fee of AED 2,000 and a maximum fee of AED 10,000.