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Dubai-Based Startup Huspy Helps Emiratis Buy Homes Online

Instead of having to wait months to secure a home mortgage, Huspy lets users search over 500 home loan options in seconds.

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4 years ago

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dubai-based startup huspy helps emiratis buy homes online
Huspy

Buying a home is a stressful process. Not only is it becoming increasingly difficult to find reasonably priced properties that are also attractive to live in, but the mortgage process, which most buyers have to go through, is time-consuming and full of potential traps. While the first problem won’t most likely be solved any time soon, there’s one Dubai-based startup that’s actively trying to address the second issue, and its name is Huspy.

Essentially, Huspy is an online mortgage platform that facilitates hassle-free financing for people who would like to live in Dubai. It was founded in August 2020 by chief executive officer Jad Antoun and chief technology officer Khalid Al Ashmawy, who understand the local market through first-hand experience.

huspy application process

Huspy Application Process

“We started Huspy with the aim to disrupt one of the largest industries and bring the entire home loan process online. Customers are massively underserved where lack of visibility, poor customer experience, and overpayment are common problems. We want to solve for that,” said Antoun. “The team has built tools and systems to leverage technology in a highly operational business to give us the ability to provide customers with the best rates, faster mortgage close times and a great digital experience,” added Ashmawy.

Also Read: Sarwa Helps UAE Residents Easily Invest In Global Stocks

Instead of having to wait up to 10 weeks to secure a mortgage, Huspy lets its users search over 500 home loan options in seconds to find the one that fits them the best. That way, it’s possible to get a personalized home loan three times faster and secure the best price possible. Best of all, Huspy doesn’t charge its users broker fees at all. Instead, it makes money by charging the banks a commission for every loan.

Huspy is available on iOS as well as Android, and you can download it yourself right now to see what it has to offer. The startup is backed by leading tech investors, including VentureFriends, B&Y Ventures, and Plug and Play, so you know your mortgage will be in good hands.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

2 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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