Here’s How To Develop A Website like Dubizzle in UAE

It is one of the biggest user-generated community and classified portal present in the UAE. It provided valuable and relevant information in the property listing and job vacancies. This site is right now delivering its spectacular services in Saudi Arabia, Lebanon, Oman, Algeria, Qatar, Tunisia, Egypt and much more. This UAE based classified portal is turning so many heads in the market. As it streamlines the process of buying and selling properties, it boosts the curiosity of the user base by making the complete process more fun and engaging.

Almost 40% of the UAE’s user base that is active online, dedicatedly visits the websites for a considerable amount of time. Yes, originally this site was developed for just classified listing, that too in Dubai. But now the times have changed and so is its basic functionality. The portal has expanded and is now dedicatedly providing extra services in many of the countries. Seeing such a huge development, it is obvious that the businesses would be attracted to the creation of websites like Dubizzle. But not many are well-versed with the technicalities involved in building a site with a similar concept. However, this should not be the reason to put a stop on development. So here are the most important things you need to know about developing a site like Dubizzle. So without any further ado, take a look.

Take a look at the different things that influence the investment for this task. It is very important to evaluate each and every aspect to make sure that development is moving in the right direction.

Domain Name

In order to create a website, it is important to have a dedicated budget for the domain name. It is basically your website address that the audience will type in the search bar of the browser. This would be done to access the site. If this part is missing then there is no way the user can discover your website online. The cost depends upon the name that you are choosing. It will vary between 100 to 300 AED, completely depending upon the registration. The math here is simple, for all the domain names that are already registered or are very high in demand the business needs to pay extra money. To get the hold of the desired domain name it is necessary to pay a little extra, as the competition out there is tough.

Necessary functionalities

Apart from the domain name, it is necessary that the site has a strong foundation to chuck the competition away. It is mandatory to use mind-blowing technologies to make the website a hit in the market. This is a great idea to develop a proper set of features that processes want to include on the site. It is necessary for streamlining the development process. By shifting the focus on the features you can guarantee better user retention on the site when compared to the competitors. Not only that but knowing about features you want also decreases the cost of the development. Be prepared to purchase some of the third-party services, plugins, and other apps for developing the desired site with the features and functionalities that you want.

Custom Web Design

In order to design and develop the website in a way that it is visually impressive, it is necessary to invest in responsive and custom web designing. The total cost of designing the website varies from project to project. The cost is actually dependent on the following factors;

Type of the website that one wants to launch

Design that one wants to include

Feature and functionalities that are to be added

Type of technology one wants to develop the site on

In addition to all the above-mentioned factors, the cost also depends on the type of the site that could be e-commerce, real estate, SaaS business, restaurant, marketing agency, education, healthcare, and whatnot.

Content Management System

If you want to run the website in an efficient manner, it is necessary to have a content management system. This system will allow the owner to display the images, text, videos, and any other content present on the site. Having a content management system means that you would be able to save a lot of extra time during the development which results in the creating of a highly-efficient site. An assigned amount is required that depends on CMS. One needs to pay premium fees for it. If you want to avoid the expenditure then you can also make the most of WordPress, which is a famous content management system.

Custom Website Development Solution

It is extremely great to merge with a website and app development company in order to develop a customized site. Through this, you would be able to include, web designs, plugins, features that you want to add. So the development cost will depend on the amount of effort it requires, or on the time and energy it consumes. Resources required to build the website also play a major role in deciding the final cost.

Conclusion

These are the major factors that shape the cost of the website like Dubizzle. But these are not all. A lot more factors and technicalities shape its development. According to a team of App Developers in UAE, one needs to evaluate each and every factor before initiating the process.

So reach out to the Best Mobile Application Development Company in Dubai, UAE and initiate the process of development. If you want to know more about the cost that would be required then feel free to reach out to us. But until then stay tuned to this platform for more exciting updates revolving around technology.

CIBIL Score and Car Loan

Credit Information Bureau (India) Limited (CIBIL) is a credit company keeping all the records of credit-related activities of individuals as companies, including credit card and loans. This so-called CIBIL score plays a major role in determining one’s eligibility to avail a car loan. This series lies in the range of 300-900, a good score is 750+, and a poor is 650 below, a good score increases the chance of eligibility to avail a loan, and a poor score hinders it.

CIBIL report:

A consolidated report containing the customers’ credit history, bank statements, loan information, personal information, employment information values and validates the consumer’s loan eligibility at great length.

Factors affecting CIBIL score:

The cibil score is generated by a complex algorithm that looks over the following criteria

Credit history: Credit history makes up 35% amounting to the individual’s timely payment of loans and debts. It has the complete knowledge of your Equated Monthly Installments, thereby making it necessary for one to pay on time.

Credit Mix: This shows a credit mix of secured and unsecured loans and is good if either or both types of loans are availed as they might increase your future possibilities.

Public Records: Apart from the personal information the report also looks over the public record of the customer if they have a criminal record or have bankrupted.

Credit Inquiries: Whenever a lender looks over the individual’s credit report the inquiry number keeps adding. So the more the number of credit inquiries, the more the number of loans taken. The potential lender may sign in green or red depending on the timely payments and the loan types.

Credit utilization: This amounts to 30% of the credit report which refers to the credit per cent you have used and the remaining percent you can use. The higher the percent, the higher the risk of borrowing. Good credit utilization should be below 50%.

New credit: Every time you take a loan the new credit adds up, meaning taking multiple loans at a time isn’t very good and hinders future chances of taking a loan.

CIBIL score and car loan:

CIBIL scores determine the individual’s loan eligibility widely. A car loan is no different from that, the more the credit score, the higher the eligibility.

Loan Approval: The loan approval for an applicant depends heavily on the credit score, you have a high score, your process is faster and hassle-free. If not getting to sanction your car loan is much harder and in some cases not possible.

Tenure: Sometimes the applicants want the longest time of period to pay their principal and interest and the tenure time is affected by the credit score at great length. If your score is less or poor the chances of getting the tenure you want is low.

Rate of Interest: The interest rate is a part of the total amount calculated in percentage that the loanee needs to pay every month for the loan amount. The credit score affects this, for a lofty CIBIL score the interest rate is less (scores like 800), whereas though few banks might approve for loans there is a giant chance that the bank increases your interest rate for each month, thereby making you pay more than what is necessary.

How Blockchain is a Distrupter to Conventional Notions of Currency

How Blockchain is a Disrupter to conventional notions of currency

What is Blockchain?

Blockchain is an undoubtedly smart invention. It is used to send the information from a sender to receiver in a completely secure and automated fashion. When a transaction is initiated, a block is created. This block is checked by the systems present in the network. After checking, the block is added to the chain, and it is saved throughout the network. This process leads to the creation of a unique record.

Three Main Components of Blockchain

Decentralization

Prior to the invention of Bitcoin and Blockchain, we were using centralized services. In centralized services, a centralized object will store the information, and we have to interact with that object to get the required information.

Banking system uses centralized services for their operations. The money is stored in the bank, and any customer should do the transaction through the bank.

The disadvantages of Centralized system

1) In a centralized system, data is stored in one place, so attackers or hackers can easily leak the information.

2) If any software update is going on in a centralized system, then the work of the entire system is stopped.

3) If any stoppage occurs in the centralized system, then nobody can access the information it has.

In a decentralized system, members who are present in the network will have the information. If an entity wants to interact with another entity, they can do that without the help of a third party.

2) Transparency

The most important element of Blockchain is transparency. Blockchain provides both transparency and privacy. With the help of cryptography, the true identity of the person is concealed, and the public addresses of the person are displayed.

With the help of public addresses, the actual identity of the person is secured, but you can see all the transactions happen. If you know the public address of any big company, then we can know all the transactions done by that company.

3) Immutability

In the blockchain environment, immutability is a process in which the data once entered cannot be erased. In Blockchain, this concept is implemented with the help of Cryptography Hash function.

Hashing is a procedure in which it takes the input of any length and gives an output of fixed length. Bitcoin uses SHA256(Secure Hash algorithm-256) and takes fixed output.

If any small change occurs in the given input, then the output is also changed. Applying SHA-256 becomes difficult when we are dealing with a large amount of data, so, instead of remembering the input data, we should remember the hash, and we should trace it.

Due to these features, Blockchain provides a new method and strategy to carry out the transactions. This makes users avoid the conventional method of transactions.

Business Applications of Blockchain

The Applications of Blockchain are as follows:

1) Smart contracts

The distributed ledger technology provides smart contracts coding, which executes once particular conditions are satisfied.

2) Sharing Economy

With the success of Uber, Airbnb companies sharing economy is proved. Sharing rides in uber is the perfect example of sharing economy.

3) CrowdFunding

Crowdfunding efforts like Gofoundme, Kickstarter are doing progressive work for developing a peer-based economy.

4) Governance

Blockchain makes the transactions transparent and completely available to the public. Distributed Database technology can make elections more transparent to the public.

5)Supply chain auditing

Consumers who use the products, want to know whether the quality asserts made by the companies are genuine or not. Distributed ledger technology helps the consumer to validate these asserts made by the company.

6) File storing

File storing is decentralized, and Decentralization of data makes data secure from the attackers and hackers. Interplanetary File system(IPFS) eases the conceptualization of web operations.

7) Prediction Markets

Predictions from Crowdsourcing is based on the event possible and proved to have high accuracy. In future, other applications cannot find a defect in the Blockchain.

8) Securing Intellectual Property

Digital Information is extensively distributed, replicated due to the usage of the internet. Due to this, writers can lose their copyrights. To avoid this problem, writers use smart contracts to protect their rights.

Conclusion

In this way, we can avoid the traditional methods for implementing transactions with the help of Blockchain. Transparency and Decentralization make the Blockchain the best technology for carrying out transactions.