Dubai - Realiste, the UAE's leading artificial intelligence company, has introduced a new feature to its flagship artificial intelligence product, The Index, designed to simplify real estate investment in the Middle East and North Africa region. Users can now see how specific events or news will affect future property prices in specific residential neighbourhoods and locations in Dubai.
Currently, the platform offers future forecasts based on various factors, such as the launch of a new infrastructure project in a region. For example, users can see how the launch of a lagoon in the Sobha Hartland district in the fourth quarter of 2025 will affect the price of flats in the Splendor residential complex developed by Gemini, explains Alex Galtsev, founder of Realiste. However, Realiste's artificial intelligence will soon be able to take into account the factors that have influenced property prices in the past, thus improving the accuracy of its predictions.
The feature is currently in beta and users can access incomplete data for a limited number of areas, including Sobha Hartland, Dubai Marina, Beach Front and JBR. according to the founder, data for all areas will be available within two weeks.
'This is the first product in the world to take into account local news and events that affect prices. We believe it will significantly improve the experience of Dubai property investors. - Galtsev told reporters.
Initially launched in March 2023, 'The Index' aims to streamline the real estate investment process and accelerate the growth of the real estate market in the Middle East and North Africa region. The app provides comprehensive information on a city's top locations, including average prices for units and areas, rental rates, the number of properties available on the market, and much more.
In addition, the 'Index' ranks properties according to various parameters, such as the highest rental income projects and those expected to appreciate rapidly, and allows users to filter products by cost, size, building floor and other factors.
In addition, the platform ranks construction companies based on six possible options, including one-, two- and three-year price growth forecasts, rental yields, square footage prices and number of units. In addition, the platform provides a map to view the areas where developers are building projects and access data on the surrounding areas.
The platform also allows users to purchase off-plan properties directly from developers online in seconds, unlike existing property bureaux.
Realiste is committed to providing innovative solutions to streamline the real estate investment process and contribute to the growth of the real estate market in the MENA region. The new features of the 'Index' are another step towards achieving this goal.
