Mifta is an AI-powered rental platform for the UAE market that digitizes the entire apartment leasing journey, from discovery and self-viewings to negotiations, contract signing, and payments. The platform replaces fragmented WhatsApp conversations and unverified listings with a secure, streamlined process that saves renters up to 2.5% in commission. It serves renters, landlords, and brokers, reducing average vacancy periods from 45 days to two weeks while ensuring all listings are 100% verified.
Funding
Funding not disclosed
Founders
Product
Problem
Renting an apartment in the UAE typically involves fragmented WhatsApp conversations, unverified listings, untrusted communication between parties, and lengthy scheduling delays. Renters and landlords face unreliable human errors, fake listings, and an overall lack of transparency and security throughout the rental process.
Solution
Mifta provides an AI-powered rental platform that digitizes the entire leasing journey, replacing chaotic workflows with a seamless digital experience. The platform uses an AI discovery engine to match renters with verified apartments, offers on-demand self-viewings that eliminate scheduling coordination, and enables digital negotiations where offers can be sent, accepted, or booked instantly. Tenancy contracts are created digitally, and security deposits, commissions, and rent payments are handled through secure in-app transactions. The platform is built for renters, landlords, and brokers, and aims to reduce property vacancy periods from 45 days to two weeks while enabling 3–5x faster move-ins.
Target Audience
Primary users include renters seeking verified apartments and lower commissions, landlords aiming to reduce vacancy periodsainer—along with real estate brokers looking to streamline their workflows and automate manual processes.
Features
- AI-powered rental discovery companion that matches renters with verified apartment listings
- On-demand self-viewing system allowing renters to book and access apartments without scheduling coordination
- Digital negotiation tools for sending, accepting, or instantly booking offers
- Integrated tenancy contract creation and digital payment processing for security deposits, commissions, and rent
- 100% verified listings backed by a verification process to eliminate fake listings
- Automated brokerage workflows designed to reduce vacancy from 45 days to 2 weeks and accelerate move-ins by 3–5x