Prime Highlight
- Coraly becomes the first proptech company in MENA to earn RESO certification, marking a breakthrough for the region’s real estate sector.
- The milestone strengthens MENA’s integration with global real estate markets and highlights Coraly’s role as a digital transformation leader.
Key Facts
- Coraly is the first worldwide outside the Americas and Europe to achieve RESO Common Format 2.0 certification.
- Founded in 2022 by Fouad Bekkar, the Dubai-based startup uses AI-driven predictive analytics and data integration for real estate operations.
Background
Dubai-based proptech startup Coraly has become the first company in the Middle East and North Africa (MENA) to earn global RESO certification, a milestone that strengthens the region’s presence in the international real estate market.
The Coraly is the first data standard to receive the RESO Common Format 2.0 certification in the region, and the first in the world outside the Americas and Europe. This standard is one of the essential components of modern real estate data infrastructure that enables companies to exchange and share information in MLS, the most popular type of property listing worldwide.
Founded in 2022 by Fouad Bekkar, Coraly has quickly established itself as a technology-driven real estate platform. Its AI-powered system offers predictive analytics and smooth data integration for developers, brokerages, and property portals, making marketing and operations more effective.
Bekkar, who also holds the role of CEO, said, “This certification is more than a technical achievement; it represents credibility. It shows that Coraly is fully prepared to work smoothly with leading MLSs, brokerages, and data platforms worldwide.”
The certification is being seen as an important step in advancing the digital transformation of real estate in the MENA region, which has often been slower to adopt new technology compared to other industries. Experts say Coraly’s achievement signals that the regional property sector is catching up and preparing to play a stronger role on the global stage.
With a recognition of RESO, Coraly has positioned itself as a regional pioneer in proptech and a bridge between local markets and the global real estate ecosystem.
