Dubai Land Department wins Real Estate Asia Awards 2023

Dubai Land Department wins Real Estate Asia Awards 2023

Majid Al Marri: We benefited from this smart valuation system to monitor real estate transactions, which amounted to AED 528 billion last year The system significantly reduced the time required to issue evaluation certificates Dubai: Dubai Land Department (DLD) is announcing its remarkable win at the 2023 Real Estate Asia Awards. DLD secured the coveted Customer Service Innovation of the Year accolade, recognising its groundbreaking AI-based Smart Valuation System. The prestigious awards programme celebrates innovation and excellence in the real estate sector across the Asia Pacific region. Real estate valuation is a critical service that drives investment decision-making and minimises financial risks. Traditional valuation processes often face delays and inconsistencies due to the subjective nature of expert committee meetings. DLD launched the Dubai Smart Property Valuation System to revolutionise the international market, an innovative application of artificial intelligence (AI) and machine learning (ML) technologies. His Excellency Sultan Butti Bin Mejren, Director General of Dubai Land Department, expressed his enthusiasm for the award, saying: "We are honoured to receive this prestigious recognition for our Smart Valuation System. This achievement is a testament to our commitment to innovation and our mission to provide seamless real estate services to our valued customers. With