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### The Rise of AI in Real Estate: Bayut’s TruEstimate™
In an era where technology is rapidly reshaping industries, the realm of real estate in the UAE has embraced innovation to tackle long-standing challenges. One of the most notable advancements is the utilization of artificial intelligence (AI) in property valuations, spearheaded by UAE-based real estate search engine platform Bayut. Their AI-powered valuation tool, TruEstimate™, has made remarkable strides, being involved in 50% of all ready property transactions in Dubai as of May 2025.
### Addressing Market Inefficiencies
TruEstimate™ was launched in June 2024 with a clear objective: to provide property seekers and real estate professionals with reliable, data-driven price benchmarks. Traditionally, property valuations have been fraught with subjectivity, leading to inconsistencies and potential disputes among stakeholders. By employing advanced algorithms and data analytics, TruEstimate™ elevates the standard of property valuations, enabling buyers and sellers to make more informed decisions.
### Growth in Adoption
The adoption rate of TruEstimate™ is particularly noteworthy when considering the ready secondary property segment, where transparency in pricing is pivotal for fostering confidence in negotiations. A significant shift was observed from July 2024 to May 2025; during this period, the percentage of ready secondary transactions preceded by a TruEstimate™ report surged from a mere 6% to an impressive 50%. This statistic indicates that one out of every two property deals was now informed by this AI-driven pricing tool prior to closing, highlighting its integral role in the transaction process.
### Data-Driven Insights
Since its inception, TruEstimate™ has generated over 300,000 reports, with approximately 80% of these focused on ready secondary units. This statistic underscores the tool’s relevance and effectiveness in addressing the unique needs of this segment. By offering detailed insights into market trends and property values, TruEstimate™ not only enhances the buyer’s experience but also aids sellers in appropriately pricing their listings.
### Testimonials from the Industry
Haider Ali Khan, CEO of Bayut & dubizzle and head of Dubizzle Group MENA, emphasizes the importance of this groundbreaking tool: “We introduced TruEstimate™ to bring confidence and consistency to real estate pricing. The fact that every second ready transaction is now supported by our technology is a testament to the market’s trust in Bayut’s data capabilities and our commitment to elevating the property journey for all stakeholders.” His sentiment reflects a broader industry acknowledgment of the need for reliable data in navigating the complexities of real estate transactions.
### Future Aspirations
Looking forward, Bayut aims to broaden the scope of TruEstimate™ by expanding its coverage across various geographic regions and property categories. Collaborative efforts with agents, developers, and government partners are fundamental to this expansion. The vision is not merely to enhance the existing platform, but also to pioneer a new standard of transparency and efficiency in the UAE’s property marketplace.
### Conclusion: A New Era for Real Estate
As the real estate landscape continues to evolve, tools like TruEstimate™ represent a significant leap forward in aligning technology with market demand. By embracing AI-driven insights, real estate transactions can become more streamlined, equitable, and transparent, marking a new era for property buyers, sellers, and professionals alike.
