Bayut, the UAE’s leading property portal, has partnered with the Dubai Land Department (DLD) to enhance user and client experiences through the launch of an AI-powered property valuation tool, TruEstimate™.
This new service integrates Bayut’s extensive data with DLD’s robust property databases to offer accurate property valuations and insightful data on the real estate market.
TruEstimate™ aims to revolutionize the engagement of homeowners, property sellers, buyers, and agents with the dynamic UAE real estate landscape by providing data-driven insights and accurate property values. This innovation supports Dubai's 'Services 360' policy, which seeks to streamline service delivery by integrating data systems across government entities, reducing customer data requirements, and facilitating seamless access to services.
Marwan bin Ghalita, Acting Director-General of DLD, emphasized the importance of this collaboration, stating,
“This cooperation enhances transparency and trust in Dubai’s real estate market. The launch of TruEstimate™ by Bayut is a key step in providing accurate property values, helping stakeholders make informed decisions and enabling optimal investment strategies.”
Haider Ali Khan, CEO of Bayut and Head of Dubizzle Group MENA, added,
“TruEstimate™ addresses the need for better understanding home values by offering unparalleled access to data-driven property valuations and market insights. This partnership with DLD allows us to build tools that propel the market forward.”
TruEstimate™ delivers an objective estimate of a property's current market value by considering recent sales of similar properties, current market trends, and property characteristics. The tool also offers market trend visualizations and comparable property analysis, enabling users to make confident and informed decisions.
Users can obtain a detailed property report by inputting property details such as Title Deed, Oqood Contract, Unit Number, or DEWA Number into the platform. TruEstimate™ brings significant value to various stakeholders, including property sellers, homeowners, property buyers, and real estate professionals, by providing comprehensive data for better decision-making in the evolving real estate market.
News Source: Emirates News Agency
