May 25, 2021 – Banani App was started with the bold idea that tenants should have a clear view of a property before leasing it, and landlords should be able to market to tenants effectively. This gave birth to the Banani App marketplace and management suite.
The founders of Banani App, both heavily exposed to the industries of real estate and corporate banking as investors and financiers, have found that in the MENA region it’s incredibly difficult to judge a property both as a tenant looking for a great place to live or as an investor looking to value a property. These two processes are inextricably linked.
Banani App itself has now been servicing high profile real estate companies as a technology platform that allows them to perform two main actions. The first is the ability to list properties ‘for sale’ and/or ‘for rent’ through a marketplace that focuses on specific features and strengths. The second is to use that same data to manage an property through the management suite. Although neither of these ideas alone is novel, the combination of the two in a seamless mobile and back-end package has made the physical act of managing a property’s listing, management and sale in one end-to-end solution incredibly intuitive and effective.
One example of Banani App’s key features is a two-way mobile-based maintenance request and fulfillment system with back-end tracking, that has completely changed the experience of addressing a maintenance problem in an apartment unit. In under one minute an entire real estate organization’s maintenance team can be alerted to a leak that needs tending to, with all progress tracked and time-stamped for evaluation. The implication of this single feature is better service, happier tenants, lower turnover, improved cost controls and in turn higher property values. And this is just one of the features designed with this framework.
Banani App offers completely free trials for real estate developers and managers. All relevant information can be found at https://www.bananiapp.com/
Mohammad Alhusaini is the investment manager for a private real estate firm.
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