Real-estate intelligence

Real estate is the only major asset class still without an independent reference price.

Qompas is the independent intelligence layer for real estate — a provenance-honest index that scores what a market or unit is actually worth, calibrated on real transactions, that no one can pay to move. A reference the whole market can point to.

Pre-seedCalibrated in Dubai · DLD-backedWorking product, 2026 launch
Dubai MarinaDistrict composite · within Dubai
Calibrated · DLD
72/ 100 composite

Geometric across four pillars — a single weak pillar can't be bought back by a strong one.

Return78
Risk61
Demand81
Friction68
Asking price vs. what actually transacts · per sqm+15% vs area
AED 22,000area transactedAED 25,300this unit (asking)

Asking price is as listed. Yield, score and the transacted benchmark derive from DLD transactions and Ejari contracts — the model never invents numbers.

Why we're certain

We spent two years on AI-driven real estate. It taught us where the real business is.

We tested model after model around AI brokers and sales automation, and hit the same wall every time: buying property is still an act of trust, and automating the sale doesn't close that gap. But running those experiments put us in front of hundreds of real buyers — and showed us what does close it: trustworthy data. We pivoted to the layer beneath the transaction, with two things a fresh team can't buy: first-hand behavioural evidence from real buyers, the conviction of having tested the alternatives to destruction, and real demand for proven global data from every contact we had in the industry.

The problem, and the answer

Real estate has no independent reference price.

Asking prices, everywhere

  • Portals monetise listings — you see the asking price, not what the market paid.
  • Everyone close to a deal quotes the asking price — even in good faith, there is no neutral benchmark to check it against.
  • Most “data” providers report list prices as market prices, or lag reality by months.
  • The gap between asked and transacted — the one fact that matters — is invisible by design.

Independent by architecture, not by promise

  • The index takes no input from listings or sales. Users pay for access — no one can pay to move a score.
  • Non-compensatory. Four pillars, combined geometrically — a dangerous market can't be saved by a high yield.
  • Visible provenance, always. Every figure tagged at source; asking sits next to transacted.
  • Think of it as a Bloomberg terminal for the buy-side — neutral because of how it's built.

The product

Not a mockup. A working terminal you can use today.

Built by three engineers and a designer, before this round. Three things prove what a slide can't:

Index Terminal

The methodology

Four-pillar decomposition with live signals that decay on a separate clock from the structural score — news moves the short-term read without whipsawing the number.

Proves: the model is real, not a diagram.
Ask

Your trusted assistant

Ask for a unit, a comparison, a portfolio — it answers in structured cards drawn from the data, and refuses when it can't ground the answer. It will not invent a number.

Proves: disciplined where every other AI tool hallucinates.
Listings

Only proven data

Dubai calibrated against DLD, Cyprus shown at mixed confidence, Thailand returning an honest “no calibrated data yet.”. No number is invented.

Proves: the honesty is enforced in the system, not the marketing.

How a client actually uses it

One advisor, AED 40M to place, and no independent price to check.

Layla advises a family office in Dubai. A client has handed her about AED 40M to invest in property. She is looking at a bundle of off-plan units across Marina, Business Bay and JVC — each showing 7%+ projected returns, with a market story suggesting prices climb next quarter. Nothing in the offer is dishonest; it is simply all quoted from asking prices, and she has no independent way to check them.

01

The offer

A dozen units, each with projected returns — all figured off the asking price. The arithmetic is honest; the reference point is the problem. She has no independent way to tell whether those prices reflect the market.

“7%+ projected”Off asking price
02

The reality check

Qompas puts each asking price next to what units there have actually sold for. Several Marina units are priced ~15% above the real market — so the 7% is honest math on a price that’s too high.

actually sells forasking · +15%
03

The fake deadline

That “prices about to jump” story shows up as a short-term blip that fades over months — kept separate from the area’s score, which hasn’t moved. It doesn’t even claim to know if the news helps or hurts prices.

Nownudge+30dfading+90dgone

Area score: unchanged

04

The call

She passes on the overpriced units, steers the money toward ones priced in line with reality, and spreads it across areas. Her client gets an honest read on the whole plan — and isn’t rushed into overpaying on a headline.

Passed: overpricedKept: fair-pricedSpread across areas

Qompas didn't pick the investments. It showed her what the units are really worth, and which “now or never” deadlines are real — across a large, multi-property plan. That's what she pays for, every time.

Who it's for, and why they pay

For the people who place capital — and own the outcome.

Who

Investors and family offices placing capital — and the advisors, brokerages and agencies who now win by letting independent numbers do the talking. First revenue comes from the professional, not the casual browser — and both sides of the table are professionals.

How

At the decision moment: check the area’s real fundamentals, see asking vs. transacted, and put an independent read on the table — whether you’re the one buying, or the one being asked “how do I know that’s fair?” Repeated every deal.

Why they pay

A few thousand a year is rounding error against a single $1–3M decision — and for a professional, an independent number you didn’t author is the fastest way to be believed. The same logic that makes 355,000 professionals expense Bloomberg.

Today the alternative is a relationship, a spreadsheet, or a hallucination.

The alternativesIndependentBuy-side decision layerTransacted, not askingInstant & usable
A relationship & a recommendation
Portals (asking prices)
DLD wrappers (e.g. DXB Interact)
Valuation platforms (e.g. Property Monitor)
An AI chatbot
Qompas

Access & pricing

Free to explore — priced where the capital is.

Free · no account

See the full Index map across every location, ask the index for any area, browse every listing, and preview what the Portfolio does. The honest read is open; paying unlocks doing the work at scale.

Individual

$250 / year

For the serious solo investor, vetting one decision at a time.

  • Full Ask — every scenario, unlimited
  • Due diligence on any individual unit
  • Export any unit or project as a data brief
  • Complete provenance & asking-vs-transacted read
  • Live-signal snapshots
Pro

from $3,600 / year

For advisors, agencies and family offices working a book of deals over time.

  • The Index Terminal workspace — compare markets, inject & monitor signals
  • Portfolio — construction, blended scoring, concentration
  • Monitoring & alerts over time
  • Save, export & client-facing reads — including portfolio briefs

Enterprise — bulk seats, integration, and custom data access for institutions and family offices. Pricing by conversation.

Market

A $3B+ category, entered where the buyer is blindest.

The category is proven — we enter through Dubai, the most investor-driven property market on earth, and compound from there.

$3.2B

CoStar revenue (2025)

a data-only RE business, +19% YoY
~$250B

Dubai transactions, 2025

270k deals · ~193k active investors
72%

of homes sold off-plan

bought with no transaction history
~$100M

serviceable revenue, Dubai alone

~30k seats × ~$3.6k — before any other market

Bottom-up, not top-down. The $250B is market vitality, not our market — data spend isn’t deal value. Our SAM is built from seats × price (CoStar’s floor), at under 20% penetration of the active investor base — and that base widens as the sell-side goes data-driven and agencies buy independent reads too. Then it compounds two ways: more investment-grade markets as each is calibrated, and licensing the verified data layer to AI real-estate products that can’t source neutral data.

Why now & why it holds

The incumbents can't build this without breaking their own business.

Why now

  • AI proved trust isn’t solved by automation — it’s solved by data.
  • AI itself runs on verified data, and real estate has none that’s neutral.
  • Transaction regimes like Dubai’s DLD/Ejari make a calibrated index buildable for the first time.

The moat, in order of how soon it bites

  • Conflict. An independent index sits awkwardly with the transaction revenue that funds every portal — the incentive to ship it just isn’t there for them.
  • Verified data that compounds — and becomes a second business: the layer AI products need and can’t source.
  • Government data partnerships — the long game that eventually makes the data un-replicable.

Where we are, honestly

What's real today — and exactly what this round de-risks next.

Real now · checkable

  • A working, provenance-honest product, explorable today.
  • Two years of buy-side behavioural learning + hundreds of buyer data points
  • Listings data secured & legal for 150+ Dubai developments. (Inventory data — not the signal, not demand.)
  • A live benchmarking loop with 4 brokers — checked against real deals.

Early intent · not signed

  • Pipeline of major agencies & concierges across Dubai, Austria, China, Spain.
  • Pursuing buy-side design-partner LOIs.

What the round closes

  • M1 · Supply — convert the developer channel into a verified buy-side data feed.
  • M2 · Validation — complete the index backtest against DLD history.
  • M3 · Demand — sign the first paying design-partners.

The round

$500K to prove the three things that turn this into a seed.

$500K

on a SAFE · 12 months

Three milestones, each closing one of the three real risks. Hit them and the seed valuation is earned, not asked for.

M1Supply of signal

Convert the developer channel into a verified, calibrated buy-side data feed — and stand up the first full-time core team.

M2Validation

Complete the index backtest against Dubai Land Department transaction history.

M3Demand

Sign the first paying buy-side design-partners.

Use of funds: data acquisition & engineering first; then key-account management, dev/design extension, licensing & infrastructure. Long-term: the verified data layer becomes infrastructure other AI products license.

Team

The team that learned where the real business is — by spending two years finding out.

photo

Timur Makhmudi

CEO — four years investigating the real estate data landscape

photo

Alexander Kiryushkin

CPO — eight years leading international products

photo

Sergey Antsupov

CTO — a decade in architecting complex digital systems

Plus 2 full-time engineers and a lead designer — the team that built the live product before this round. Two years inside the problem: capital-efficient, and willing to follow the evidence even when it means changing course.


See it for yourself, then let's talk.

No slide argues as well as a product that refuses to invent a number.