Personal AI is set to revolutionize the residential real estate market
Dubai: Over the past decade, the MENA region has proven to be one of the most lucrative areas in the world for the deployment of AI technologies. Realiste, one of the leading AI developers in the real estate market, has finally launched in the Middle East, changing the landscape of real estate and housing by using the latest cutting-edge technologies in all operations .
Realiste is an AI-powered real estate market development company committed to providing users with accurate and timely market value assessments. The company’s mission is to digitize the real estate market in every major city in the world, while providing free access to personalized appraisals and recommendations. Since launching in December 2021, they have established operations in Riyadh, Dubai, London, New York and Moscow and are planning further expansions next year.
Realiste has successfully implemented an application capable of monitoring the market around the clock and displaying the real value of real estate, as well as predicting the price movements of properties for the next 6 to 12 months.
The reality of the real estate market is not as stellar as the world $3.69 trillion volumes shown in earlier search statistics. In Dubai alone, buyers end up overpaying at least 2% of the original price for a property due to lack of quality market information. The most popular types of real estate in Dubai start from $500,000 and cash losses on each transaction range from $10,000 for investors.
Modern technologies such as Realiste can provide a viable solution that saves buyers from having to navigate the real estate market in the dark. The advent of functional and versatile artificial intelligence, or AI, constructs can open up immense opportunities for seamless property search with minimal loss of capital.
CEO Alexey Galtsev adds: “While some properties can be purchased online, their quality, price fairness, resale value and actual location value are questionable. Essentially, we have an inert and opaque environment in which an agreement is a long and expensive procedure. Buyers have to spend months searching for the right property, all because they don’t have access to quality analytical information aggregated and streamlined by an automated system and that’s where we come in hoping to streamline the process of the most effective and efficient way, to ensure customer satisfaction”
The Realiste AI engine is self-learning, based on constant streams of inputs, and is able to digitize real estate market data in all major cities around the world to provide users with free access to accurate real estate valuations and personalized recommendations. Current AI forecast accuracy exceeds the 88% value for Dubai at Development Level 1. Such a range of features makes Realiste AI the perfect real estate search aggregator to help buyers and businesses solve problems. housing both quickly and efficiently.
Realiste AI works by aggregating massive volumes of actionable data through a simple plug-in integrated in less than a few minutes into a developer’s or bank’s platform. Using its real-time market monitoring system, Realiste AI selects 0.1% investment-friendly offers that have a discount from the market price and shows users price history, how much to invest in a property particular and what profit can be obtained by resale.
The business impact of such use of AI is a 2.5x reduction in “customer acquisition costs,” delivering valuable query-related results in less than 10 seconds.
RealisteI is also a useful tool for any bank, developer or real estate agent looking to attract more customers efficiently and close deals faster. Using its massive database analysis capabilities, the AI automatically filters out unattractive properties that are unlikely to generate profits within the selected timeframes, giving banks invaluable insight into market dynamics and growth potential. ‘investment. Realtors can also take advantage of Realiste AI’s value proposition by streamlining their clients’ real estate databases based on specific criteria, saving considerable time during selection. The result is shorter lists of suitable properties, more accurate matches and faster deal closing times.
Realiste’s overall goal is to streamline the international and MENA real estate markets by injecting automation. When the process of selecting, buying and selling an asset becomes as simple and quick as modern stock trading, the result is increased asset liquidity and market acceleration. Market transparency and fairness are the ultimate values that Realiste strives to achieve with its AI deployment, and now, thankfully, it doesn’t take a die-hard realist to understand the prospects of picking a dream property in less than 10 seconds using advanced AI.