Digital real estate platform Nomad Homes launches in Dubai
It is the first technology platform to exclusively serve buyers and renters – a key differentiator from traditional portals
Digital real estate platform Nomad Homes, which aims to streamline buying and renting residential real estate, has launched its services in Dubai.
Nomad claims to be the first technology platform to exclusively serve buyers and renters – a key differentiator from traditional brokerages and portals.
In addition, the company takes a technology-first approach: Home seekers are equipped with search tools, virtual tours, digital document signing and more, all of which are aimed at providing customers with an online experience from start to finish.
The company partners with local real estate brokerages to provide a growing inventory of curated properties. Nomad's machine learning algorithm then uses each customer's requirements to suggest homes on its platform along with available matches throughout Dubai.
All properties are carefully reviewed for quality and accuracy to prevent any fake or duplicate information.
Nomad is co-founded by Helen Chen, a former investor from Blackstone and Goldman Sachs, who left Stanford’s MBA program to co-found Nomad.
Speaking about the decision to launch the company in Dubai, Chen said: “Dubai is one of the fastest-growing tech hubs in the world with a massive real estate market – representing more than $60bn in transactions every year. Our team’s experience across Silicon Valley, Wall Street, and Dubai has shown us the power of technology. We saw the opportunity to digitise the buying and renting experience.”
While Nomad’s mission is to bring real estate online, the company recognises that a human touch can still make all the difference.
Each customer is matched with a dedicated Nomad Advisor to provide a hassle-free, concierge experience. The Nomad Advisor becomes a customer’s single point of contact, removing the need to schedule and coordinate with multiple real estate agents.
Nomad Advisors and the online tools the company provides come at no additional cost to what customers normally pay.
Chen added: “In light of the COVID-19 pandemic, there is no better time to introduce a fully digital experience to find your home. We’re reinventing the entire journey for our customers and are 100% dedicated to making the experience the way it should be - online, seamless, and enjoyable.”