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Proptech firm enables first ever home swap in the UAE

Two customers, who were both still renting under their respective tenancy contracts, recently “matched” and switched homes through SweetcHome’s platform

by Rajiv Pillai July 03, 2024 11:25 AM GST SHARE FBTWMAILLN

SweetcHome, a personalised property matchmaking platform in the UAE, announced it has completed the first-ever “home switch” in the UAE.

SweetcHome is a proptech company that offers a simplified real estate search experience through AI matchmaking technology. Two customers, who were both still renting under their respective tenancy contracts, recently “matched” and switched homes through SweetcHome’s platform. It is the first time in the UAE that tenants who are unhappy with their current home or location are able to seamlessly switch homes with other tenants.

SweetcHome customer, Imen, signed up on the platform in April, hoping to be matched with a new home for herself and her pets. She was living in a high-rise apartment in JBR with her three pets and needed more space. Imen was looking for a villa with garden access, but the challenge was that her tenancy contract still had three months left before renewal.

In parallel with finding a villa match that could suit Imen’s requirements, the team at SweetcHome worked behind the scenes to find a new tenant for the apartment in JBR. Through SweetcHome’s services, Imen could quickly match with another tenant and move to a villa in The Springs even before her apartment contract ended. The new long-term tenant for the JBR property was matched after just two viewings, and the entire switch process for Imen and the new tenant took three weeks to complete.

Commenting on the experience, Imen said: “SweetcHome helped me achieve that goal of finding a new home within my contract and a new tenant who could take over my place. Finding a new place as well as a new tenant would have been very difficult to do on my own. The process was very smooth, and it was a win-win for everyone: For me, for the new tenant, and my landlord who found a high-quality tenant and no longer had to worry about occupancy. As a bonus, I also saved money and reduced my commute time by 15 minutes.”

Soufien Haddad, Co-Founder of SweetcHome, said: “SweetcHome is all about helping people find the home they deserve. We encourage agents and landlords to sign up on our platform so we can help even more customers find their dream homes. We have a very interesting database of people who are willing to move and a very good database of properties. SweetcHome matches both of them with the help of our proprietary matching algorithm and our real estate experts. We are bringing the idea of people exchanging homes to scale by leveraging AI. Our goal is to reduce commute times and enhance well-being through smarter and more sustainable solutions for the real estate ecosystem.