AIR (AI Realtor), an AI-native proptech innovation, and Unique Properties, one of the most well-known real estate companies in the United Arab Emirates, have launched a historic joint venture.
Under the terms of the deal, Unique will contribute $20 million to AIR over the following two years in order to support the advancement and application of cutting-edge technology in the real estate industry.
By combining years of market leadership with state-of-the-art artificial intelligence, the cooperation represents a daring step forward for the region’s real estate industry and will transform the way that real estate is purchased, sold, and experienced.
According to a statement from Unique Properties, this strategic partnership comes as the UAE solidifies its standing as a world leader in real estate innovation.
It said that favorable conditions for significant disruption, especially in the brokerage industry, have been established by forward-thinking government laws and a top-tier digital ecosystem.
On the new joint venture, CEO Arash Jalili said: “We’ve always been at the forefront of the UAE real estate market, driven by a commitment to excellence and innovation. This JV marks the beginning of a new era, where technology and human insight come together to elevate the property experience.”
“Partnering with AIR allows us to stay ahead of the curve, setting new benchmarks for how real estate is transacted, advised, and experienced in this region,” he noted.
A more competitive environment has been brought about by the deregulation of the brokerage industry; professionals and consumers have been empowered by the full public access to real estate data; and, most significantly, the government has been successful in fully digitizing the entire property transaction process, from the first search to the ultimate transfer of ownership.
AIR’s patented technology is intended to complement real estate agents rather than replace them. Agents can perform better, close more transactions, manage their time more efficiently, and provide their clients with better, data-driven service thanks to the platform’s real-time insights, predictive analytics, and intelligent automation. Clients thereby gain from a more open, reliable, and customized real estate experience.
Milad Monshipour, Founder & CEO of AIR, said: “This is the first time the world will see a fully AI-native real estate platform developed in partnership with one of the most established brokerages in the region. It’s an innovation born in the UAE, but its impact will be felt far beyond it.”
He noted that Unique Properties and AIR are poised to herald in a new age for UAE real estate, one in which technology not only supports but also advances the sector.
