Artificial intelligence (AI)-powered marketplace is the new buzzword in Dubai's red hot real estate market, set to transform the face of the emirate’s and the larger GCC real estate market with data analysis-equipped property purchases directly from developers in just a click.
The platform – billed as the first in the region and developed by Dubai-based proptech Realiste – acts as a marketplace where customers can find the best apartments off-plan with value market discounts and then buy them directly from developers.
AI can also calculate for clients a future growth of the apartment’s price and suggest how to manage an apartment according to an investment strategy such as whether to resell it in one or two years or rent it out to earn a higher return.
New AI-powered platform to boost investments
Industry analysts said Realiste’s new product will help both local and foreign investors now to easily access apartments in Dubai without spending weeks on research.
Besides allowing users to choose and buy properties online directly from developers, the new platform can also see all the data they need including potential ROI (return on investment), prices growth, to make an informed decision regarding investing, they said.
This is expected to further boost capital inflow into Dubai’s residential property market, which has been on a bull run for several months now, clocking millions of dollars worth deals almost on a daily basis.