Dubai’s land sales industry has long been beset by opaque practices and intricacies. Recent market sources say the overall transaction value in Dubai’s real estate market in 2022 was Dh300 billion. Land transactions accounted for a large share of this amount. Despite the large volume, the process of purchasing land is still challenging.
Since brokers handle most transactions, it can be a chaotic and stressful procedure for both buyers and sellers to navigate. Ascertaining the genuine price of land has proven to be a difficult task. There is no central mechanism to measure market volume. Many agents list identical plots at varying rates. This disjointed strategy frequently leads to missing or partial ads. This worsens the confusion and inefficiencies.
Advanced Property Solutions
Realiste is a Dubai-based business that specializes in AI-driven property solutions. The company has introduced “Project Land,” an innovation on its platform. This launch comes at a time when technology is constantly changing industries.
Realiste has digitized every piece of undeveloped land in Dubai, excluding manufacturing facilities and apartment buildings. This has generated an extensive database. There is no longer a need for physical location inspections. The database contains the exact measurements and locations of every plot.
Introducing “Project Land”
The newest addition to the Realiste platform is “Project Land.” This feature allows users to explore, evaluate, and buy land plots online. It offers a level of openness and convenience never before possible. This is beneficial for both developers and individual buyers.
Users have access to the entire inventory of plots for purchase in Dubai. They also get precise appraisals and prospective development studies. Realiste claims to have digitized about 10,000 undeveloped land plots. This guarantees thorough market coverage. The platform’s AI capabilities offer comprehensive earnings and losses (P&L) assessments. It also recommends the best kind of property to develop, whether it be luxury or affordable.
Comprehensive Data and Easy Access
This includes information on unit costs, square footage, and competition research. With “Project Land,” customers can browse every plot available in one location. This greatly reduces the hassle and complexity involved in buying land. This unified process ensures that buyers are knowledgeable and can make decisions with confidence.
Realiste helps eliminate the disparities that often confuse buyers. It does this by combining listings from several agents and offering uniform pricing information. According to a Bayut poll, 70% of consumers are irritated by irregular pricing. Realiste seeks to address this problem.
A Game-Changer for Developers and Buyers
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 very helpful for developers trying to decide which investments to make. The “Project Land” feature is going to completely change how land is acquired in Dubai.
As developers get access to accurate data and professional recommendations, they can make more strategic investments. Buyers can avoid the confusion and irritation that come with using old techniques. All parties involved will benefit financially from Realiste’s 2% commission, which is covered by the buyer.
Future Developments
Realiste will be completely accessible to consumers in the upcoming month. The company is working to finalize agreements with regional developers. This action is a major step toward making Dubai’s real estate market more efficient and transparent.
This article was originally published on A.land. For more information and opportunities, visit shop.a.land and https://bid.a.land.
