Complicacies and a lack of transparency have long beset Dubai’s land-selling market. Recent market reports state that Dh300 billion worth of transactions occurred in Dubai’s real estate market in 2022, with land sales making up a sizable share of that total. Even with the increased volume, purchasing land is still a challenging process. Most transactions are driven by brokers, which means that both buyers and sellers must manage a chaotic and demanding process. Determining the true market value of land has proven to be a difficult task because there is no central system in place to measure market volume and multiple agents are listing the same plots at different prices. Confusion and inefficiency are increased when advertisements are missing or incomplete as a result of this disjointed approach.
According to a Property Finder survey, more than 60% of prospective buyers in Dubai think that buying land is an extremely difficult and complicated process. Delays in decision-making and lost opportunities are frequently caused by unclear information and opaque pricing.
Realiste, a Dubai-based business that specializes in AI-driven real estate solutions, has introduced “Project Land,” a new feature on its platform, in an era where technology is constantly changing industries. Realiste has digitized every piece of undeveloped land in Dubai, excluding production sites and apartment buildings, to create an extensive database. There is no longer a need for physical location checks because this database contains the exact measurements and locations of every plot.
The newest addition to the Realiste platform is “Project Land,” which allows users to explore, evaluate, and buy land plots online. For developers as well as individual buyers, this feature offers a level of transparency and convenience never before possible.
The whole database of plots for sale in Dubai is accessible to users, along with precise appraisals and prospective development analyses. Realiste claims to have digitalized almost 10,000 undeveloped land plots, guaranteeing thorough market coverage. The platform’s AI capabilities offer comprehensive profit and loss (P&L) analyses and recommend the best kind of real estate to develop, whether it be luxury or affordable. This covers information on unit costs, square footage, and competition research. Customers can view every plot that is available in one location with “Project Land,” which greatly reduces the hassle and complexity involved in buying land. Because of this centralized process, buyers are guaranteed to be knowledgeable and able to make decisions with assurance.
Realistic assists in removing the disparities that frequently perplex purchasers by combining listings from several agents and offering consistent pricing information. According to a Bayut survey, 70% of consumers are irritated by inconsistent pricing; Realiste seeks to address this problem.
Finding and assessing land plots is made simple for users by the platform’s user-friendly design. The in-depth map views and analytical tools are especially helpful for developers deciding which investments to make. The “Project Land” feature is going to change how land is acquired in Dubai completely. In addition to developers getting access to accurate data and professional recommendations, which allows for more strategic investments, buyers can now avoid the confusion and frustration of traditional methods. The buyer pays Realiste’s 2% commission, which guarantees an affordable solution for all parties.
Realiste is finalizing agreements with regional developers, and within the next month, the platform will be completely accessible to users. This action is a major step in the direction of developing a more effective and open real estate market in Dubai.
Alex, the founder of Realiste, said: “Now, developers no longer need to suffer through disorganized searches. They can come to us, see all available plots, and receive tailored recommendations for optimal development strategies. Our AI not only suggests what to build but also provides a detailed market analysis, ensuring our clients can maximize their investments.”
Realiste is redefining land transactions in Dubai with “Project Land.” This cutting-edge feature makes purchasing easier, offers unmatched transparency, and gives developers and individual customers insightful information. With technology driving efficiency and clarity in the market, Dubai real estate looks to have a bright future as Realiste continues to improve its platform.
