Balaga Raghuram awarded excellence award for his outstanding contribution by the award winning emirati start-up Research 247 – UAE
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October 2, 2025
Dubai, UAE – October 2, 2025 – Research 247-UAE, the award-winning Emirati start-up that revolutionized real-time, AI-powered property intelligence across all seven emirates, has announced its voluntary dissolution following a successful strategic asset sale and technology-transfer. The decision marks the end of an extraordinary five-year journey that positioned the company as one of the Top-60 Fastest-Growing PropTech start-ups in the MENA region, according to HelloPeter (Est. 2010) and In 2025, the company real time real estate intelligence platform is featured in the Gartner.
A Journey of Innovation: 2021–2025
Founded in 2021 by visionary entrepreneur Al Rashid Haneef at Jumeirah Lakes Towers (JLT), Research 247-UAE quickly emerged as a trailblazer in the PropTech industry. The company’s ground-breaking AI-driven platform processed vast amounts of property data, providing stakeholders with actionable insights into market trends.
- 2021: The company was founded with a mission to bring real-time analytics to the UAE real estate market.
- 2022: Products were launched, covering 65% of Dubai’s freehold transactions within the first year.
- 2023: Achieved full emirate-wide recognition, pioneering innovative models that delivered top-tier revenue growth.
- 2024–2025: Ranked among the Top-60 Fastest-Growing PropTech Start-ups in the MENA region by HelloPeter, solidifying its reputation as a leader in real estate intelligence.
Driving AI Innovation
Balaga Raghuram, the former machine-learning research consultant who led the core team and development of the company’s advanced AI platform. Under his leadership and team management, the platform integrated real-time data streams, such as transaction records, property listings, economic indicators, and alternative datasets to provide investors, agencies, and policymakers with unparalleled accuracy and efficiency. In 2025, the platform is featured in Gartner. Balaga Raghuram presented the company findings to oxford university conference, enabling more academic recognition to the company.
Balaga Raghuram’s contributions earned him the prestigious Excellence Award from Research 247-UAE and global recognition for his work on AI-driven real estate analytics. His research also revealed measurable impacts, including a 15-basis-point uplift in investor portfolio returns within six months of deployment.
Dissolution and Future Vision
Despite its technical achievements and industry accolades, the founders decided to dissolve Research 247-UAE to focus on future high-scale plans and the relaunch of new AI-powered platforms tailored to the UAE real estate market.
- IP & Platform Assets: Sold to a consortium of regional financial institutions; the datasets and machine-learning models will continue under new stewardship.
- Customer Continuity: Existing API and dashboard users will receive migration guides and uninterrupted service during the transition.
“Our five-year journey proved that real-time, emirate-wide analytics is achievable,” said Al Rashid Haneef, Founder & CEO. “We are now moving toward future AI innovations in the domain of UAE real estate.”
Media contact :
Contact Person: Ameena M
Email : info@research247.org.in
Website : Research247.org.in
City : Dubai
Country : United Arab Emirates
