Now find your dream Dubai home using artificial intelligence

As Dubai’s real estate industry continues to ride high on investor confidence, a new player is disrupting the market by harnessing the power of artificial intelligence (AI) to connect property buyers with their dream homes.

The Dubai-based proptech Realiste not only helps customers buy the best off plan options directly from developers with just a click, it also tells them what their property would be worth in the coming years.

The platform’s Russian founder and CEO Alex Galstev, said they hope to make the process of buying homes as easy as booking hotel rooms while also predicting future rent and sale prices as well as identifying latest market trends to drive smarter decisions.

“Our AI-powered marketplace analyses real estate market 1,000 times faster and more accurately than a traditional agent. Unlike a human broker, Realiste never sleeps. It works round the clock as it aggregates real estate data from multiple sources to determine the value of a property in real time,” said Galstev.

“What an investor will find out after weeks of research, our platform’s self-learning engine will do in a matter of seconds. It can even predict resale and rental price fluctuations in three, 12 and even 36 months based on data from more than 200 parameters.”

Since its launch in 2021, the Realiste has launched operations in nearly 20 cities including New York, Moscow, London, Bangkok, Bali and Jakarta but Galstev considers Dubai their primary market.

That would probably explain why he chose the city as the company’s headquarters after relocating here in February 2022.

— mazhar@khaleejtimes.com