Dubai Land Department introduces AI into real estate valuation process

Dubai Land Department introduces AI into real estate valuation process

The Dubai Land Department (DLD) through its Registration and Real Estate Services Sector has introduced artificial intelligence (AI) into the valuation process of properties.

The valuation will be provided via DLD's app, Dubai REST, which is available on the App Store and Google Play.

"The smart valuation team has worked with a third party from the private sector, represented by 'Crayon,' to achieve an unprecedented reliance on artificial intelligence in the smart valuation of real estate units. As a result, real estate units will be valuated without the need for most of the required documents through the interconnection of local databases and external systems, using an advanced model of artificial intelligence, based on accurate algorithms to analyse millions of transactions and data with extreme accuracy,“ says Majid Saqr