It has concluded with 3 entities specialized in smart real estate solutions

"Dubai Land": a partnership with 3 companies to provide qualitative and interactive data on real estate prices

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The Dubai Land Department has signed a memorandum of understanding with three companies specialized in providing smart and advanced real estate solutions: Bayut, DXBinteract.com and Property Finder, with the aim of providing the real estate market in the emirate with the best data-driven solutions. And interactive reports, which, in turn, contribute to enhancing the digital transformation trends witnessed by the Dubai real estate sector, as well as supporting the department's vision in making the emirate a global real estate destination in terms of innovation, confidence and happiness.

The various parties with which the partnership was concluded, in cooperation with Dubai Land Land, will provide qualitative, private and interactive data on real estate prices by region and according to real estate construction.

Such as knowing the buying and selling prices in the region, and the changing data that takes place in the real estate market during price changes.

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The interactive data and reports will contribute to providing a clearer and more comprehensive picture for investors wishing to know the real estate market information in a correct analytical way, in a way that helps them make the right decision, whether in the process of buying, selling or investing, making the emirate one of the most transparent real estate markets in the world.

As well as providing optimal opportunities to protect consumer information, by developing important solutions to the challenges of the current era.

Transparency enhancement

Sultan Butti bin Mejren, Director General of the Dubai Land Department, said that DLD is firmly committed to the Dubai real estate market, which requires enhancing its transparency and providing the most effective smart and advanced real estate solutions, which contributes to raising the level of confidence among investors and dealers alike. .

He stressed that this is a strategic goal within the department's journey aimed at consolidating the position that the emirate enjoys in the global real estate market, as well as contributing to building the best economy in the world, in line with the principles of the fiftieth document, which was recently announced by the leadership.

safe environment

For her part, the Executive Director of the Real Estate Investment Promotion and Management Sector at DLD, Magda Ali Rashid, said, "Through these partnership agreements, we will provide customers with a safe real estate environment, accurate and reliable data, which will contribute to enabling them to see the changes taking place in the real estate market." According to the map, and immediately follow up on price changes, which will support our future directions and strategic vision, by providing real estate services with complete professionalism, and transparency in information, systems, data and procedures.

international standards

Hyder Ali Khan, CEO of Bayut and Dubizzle, said: “Providing a seamless and data-enabled experience for our users has always been part of our vision, and therefore we hope that this partnership will provide property seekers across the UAE with a better browsing experience within the highest international standards.” .

In the same context, the CEO of Oratek, Firas Al-Masdi, said that XBinteract.com contributes to providing all the interactive private data for real estate prices by region and by real estate construction, such as knowing the buying and selling prices in the region, and the changing data that takes place in the real estate market. During the price change, and according to the stage it is going through, just like the stock markets and stock exchanges and their movement.

In turn, the founder and CEO of Property Finder, Michael Lahyani, said: “We have access to the largest set of data on required prices, and a number of other metrics and indicators that relate to the broader picture of the real estate sector.

With this huge amount of data that we have access to, this partnership will enhance the real estate market in Dubai, and increase the confidence and transparency that it enjoys.”

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