Dubizzle Group has taken a strategic investment in Takeem, a UAE-based platform that guarantees rental income for landlords, and made Bayut and dubizzle the exclusive portals for the product.
Takeem’s core offering protects landlords against tenant non-payment, covers emergency maintenance costs, and enables monthly direct debit payments.
The company describes it as the first rental guarantee product of its kind in the GCC. Founded by Rakesh Mavath and Pooja Vithlani, the platform has onboarded over 100,000 units and says client onboarding grew 900 per cent over the past two months.
“Takeem is solving one of the most important gaps in the rental journey, and what stood out to us was not only the strength of the product, but the clarity of the founding team’s vision. Their ambition mirrors our own: to make property transactions more trusted, more transparent and more dependable for everyone involved. With Takeem, we are giving landlords and agents a credible way to take default risk off the table, while Tern gives tenants a much-needed payment solution. Together, these partnerships allow us to support the full rental ecosystem, from search and discovery to payments, protection and trust,” Haider Ali Khan, CEO of Dubizzle Group UAE said in a statement.
“Our vision has always been to make renting more secure and predictable for everyone involved. Partnering with Dubizzle Group allows us to bring Rental Guarantee to a much wider audience through Bayut and dubizzle, embedding protection into the rental journey where it matters most. Together, we look forward to helping landlords and agents reduce risk, while contributing to a more trusted and resilient property ecosystem in the UAE,” Rakesh Mavath, Co-Founder of Takeem added.
The deal was made through Dubizzle Group Ventures, the group’s early-stage investment arm focused on technology companies building around its GCC marketplaces.
The Takeem investment follows a similar move with Tern, a UAE rental payments platform that offers tenants more flexible payment options. The two partnerships are framed as complementary: Tern addresses the tenant side of a transaction, Takeem the landlord side.
