Press
A concise dossier for editors and reporters writing about thabit, the Abu Dhabi auction platform that takes responsibility for what it sells.
Published by thabit. Updated as we progress.
thabit is an Abu Dhabi licensed, cars first online auction platform. Every listing carries a mandatory, standardised third party pre purchase inspection. The fee schedule is published on the landing page. Customer funds are held in a CBUAE licensed bank escrow, contractually released within seventy two hours. The company is operated out of Abu Dhabi, incorporated in ADGM, and sequenced to open publicly in the fourth quarter of 2026.
§ 01 · At a glance
The facts, laid flat.
Company
- Name
- thabit (Arabic: ثابت, "firmly in place, stable, unshakable")
- Domain
- thabit.ae
- Jurisdiction
- ADGM Tech Startup Licence, in progress
- Based
- Abu Dhabi, United Arab Emirates
People
- Founder, CTO
- N/A
- Team today
- 04
- Team by month 24
- 22
Launch
- Private beta
- Month 3
- Public launch
- Q4 2026, Abu Dhabi
- Geography sequence
- Abu Dhabi, then Al Ain, then Dubai
Product
- First category
- Cars
- Inspection
- Mandatory, 410 point, third party panel
- VIN history
- Carfax GCC, bundled on every listing
- Transfer
- TAMM integrated, target seven working days
Economics, published
- Buyer's premium
- 6 per cent, on the landing page
- Seller commission
- 3 per cent, on the landing page
- Escrow release
- Contractual, 72 hours
- Escrow custody
- CBUAE licensed bank, segregated, never commingled
Funding
- Round
- Seed
- Size
- N/A
- Lead
- Al Rida Investment & Development
- Purpose
- Twenty four months of runway to public launch and Series A
Market
- UAE used car market, 2024/25
- AED 19.4B to 75.4B (IMARC, Mordor Intelligence)
- Abu Dhabi registrations, 2024
- 213,284 vehicles (Ministry of Interior)
- Online share growth
- ~25% (2023) rising to 40%+ (2025)
§ 02 · The inspection, defined
What "410 point" actually means.
A mandatory third party pre purchase inspection, performed off premises before a vehicle is listed on thabit. Four hundred and ten discrete checks across six families. The report is published alongside the listing, not held back for later.
Scope
- 01Engine, drivetrain, and transmission
- 02Electrical and onboard diagnostics (OBD)
- 03Bodywork, frame, paint, and glass
- 04Interior, upholstery, climate, and infotainment
- 05Suspension, steering, and brakes
- 06A road test by a qualified inspector
What the buyer receives
- A time stamped PDF report, linked from the listing
- Forty to sixty high resolution photographs
- Raw OBD diagnostic readouts, where supported
- The inspector's signed summary
- Retention for three years, accessible to the buyer
The thabit partner panel, currently AutoFay, CheckMyCar, and AutoHub. The nearest available inspector to the lot is assigned.
§ 03 · Founder
A short biography.
Founder and CTO, thabit.
[Founder biography placeholder. Replace before publication with two short paragraphs covering background, current role, and the origin of thabit. A high resolution portrait will be made available to editors on request.]
§ 04 · Brand in brief
A short style note, for the newsroom.
Name and pronunciation
thabit, always lowercase in Latin script. Arabic: ثابت, which means firmly in place, stable, unshakable. Pronounced THAH-bit, two syllables, stress on the first.
Palette
- Obsidian#0A0B0D
- Ink#16181C
- Ivory#F4EFE6
- Sand#C9B89A
- Signal#E8A54A
- Verified#5CAB7D
Typography
Display serif: Fraunces. Grotesque: Inter Tight. Arabic: IBM Plex Sans Arabic. Numerals tabular wherever legibility depends on it.
§ 05 · Assets
For the newsroom, ready to drop in.
Vector assets below are licensed for editorial use with attribution to thabit. For bespoke sizes, print resolutions, or founder portraits, write to press@thabit.ae.
§ 06 · Contact
Media enquiries.
Write to press@thabit.ae with your outlet, your angle, and a deadline. We respond within one UAE business day.