5 ways how AI is revolutionizing the real estate industry in UAE

  • Date: 09-Jun-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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5 ways how AI is revolutionizing the real estate industry in UAE

Dubai, UAE - The real estate industry is experiencing a significant transformation, fueled by technological advancements. Among these innovations, Artificial Intelligence (AI) stands out as a game-changer. According to recent data, AI in the property market is expected to reach over $1335 Bn by 2029.

Realiste, a company harnessing the power of AI, is at the forefront of this revolution, aiming to create a groundbreaking real estate exchange that allows investors to identify profitable opportunities, make instant online purchases from developers, and manage assets seamlessly. By leveraging AI, Realiste is revolutionizing the real estate industry in five key ways:

1. Intelligent Property Valuation and Predictions: Realiste's "Index" platform employs AI algorithms to swiftly calculate the current value of properties and provide projections for their expected value over the next five years in 10 seconds with 96% accuracy. This invaluable tool enables investors to make informed decisions regarding their real estate portfolio, maximizing profitability.

2. Market Insights: Realiste's AI algorithms conduct comprehensive data analysis to generate valuable market insights. Through this service, investors can identify undervalued properties in 20 cities worldwide with significant potential for future appreciation rates. By pinpointing the top 1% of available offers, Realiste guides investors towards the most promising investment