Daleel has raised $3 million pre-seed funding for an AI real estate platform

Ilan Cohen teamed up with Ely Weichsel to launch Daleel. The company has raised $3 million in pre-seed funding. The $3 million will fund product development, mobile apps, and expansion to Abu Dhabi and other emirates. The team is also laying the groundwork for Saudi Arabia as the Kingdom opens its doors to foreign property ownership.

“We’re building the intelligence layer for GCC real estate,” Ilan Cohen said. “Every transaction, every rental contract, every mortgage. Unified, verified, and accessible through conversation. Dubai is where we start. The Gulf is where we’re going.”

Daleel operates under the Dubai Land Department’s Real Estate Evolution Space (REES) program, a government-backed initiative that advances innovation, technology, and data in Dubai’s real estate sector. This positions Daleel at the centre of Dubai’s push to modernise its property ecosystem. The platform has direct access to historical transaction data dating back to the earliest DLD records: actual sale prices, not asking prices; actual rental contracts from Ejari, not landlord wishlists; mortgage registrations, construction progress, and service charges. That data is unified with live listings from every major portal and deduplicated, so each property appears once, regardless of how many platforms list it.

“We didn’t add AI to a listing database,” said Ely. “We built the architecture from the ground up for machine learning. The data model is designed for AI reasoning, with relationships between properties, transactions, developers, and buildings. That’s fundamentally different from a searchable inventory.”

“Saudi is at an inflection point,” Ilan said. “New ownership laws, government pushing digital transformation, and no dominant platform yet. The incumbents are trying to replicate their UAE playbook with listing databases plus AI features. We’re coming in AI native with government data integration from day one. That’s a different product entirely.”