Dubai launches AI-powered property valuation tool

Wednesday, 26 June 2024 06:20

By ARN News Centre

Bayut, in collaboration with the Dubai Land Department (DLD), has launched TruEstimate, an AI-powered property valuation tool in the UAE.

By integrating Bayut's data with DLD's property databases, TruEstimate aims to offer accurate property valuations and data-driven insights.

The tool is deisgned to enhance transparency and trust in Dubai’s real estate market, supporting stakeholders in making informed decisions and optimising investment strategies.

TruEstimate underscores the synergy between private and public sectors in advancing market innovation and user experience in real estate.

To learn about the estimated property value, rental yield, property history, and comparisons with similar properties, users can input their property details - such as Title Deed, Oqood Contract, Unit Number, or DEWA Number - into the platform, which then generates a detailed report.

The partnership supports Dubai's Services 360 policy, to streamline service delivery by integrating data systems across government entities, reducing customer data requirements, and facilitating seamless access to services.

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