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Fäm Properties, the Dubai-based real estate group, has announced that its digital real estate market data platform at Dubai DXBInteract has been linked to ChatGPT and Claude’s artificial intelligence platforms, enabling buyers, investors and brokers to compare real estate prices in Dubai with actual deals, inquire about rents, revenue and records of delivery of real estate projects in Dubai.
According to the company, the currently available service allows the platform to be added to ChatGPT or Cloud via a dedicated linking tool, then login and ask questions in a simplified language. The answers are based on the market data available to the platform, including analyses derived from Dubai Land Department’s records.
Uses include comparing the required price for an apartment with selling prices for units with similar spaces. The platform offers indicative value and price range based on the price of the square foot in the region and recent deals, with the assurance that these indicators do not represent an official real estate valuation.
The service also allows to inquire about the higher areas in terms of gross rental yield and price growth on an annual basis and the volume of transactions. According to the company, the platform excludes areas where there is not enough transactions available to extract reliable indicators.
Users can compare up to six real estate areas, see the percentage of units sold in projects under construction sold on the map, and follow the progress of construction work, upcoming delivery dates and future supply.
Available data include the records of the delivery of developers, in terms of the number of projects delivered on time, those that have been delayed, and projects that have exceeded the planned date and have not yet been delivered, as well as the intermediary for the duration of the delay in days. These records compare the planned completion date and the actual delivery date of each project.
The company said the delivery monitoring standards are applied to all developers in the same way, including its Nordic.
DXBinteract is a free real estate market data platform in Dubai, a subsidiary of Fäm Properties Properties. It was founded by Fatih Al-Masdi, Chief Operating Officer of the company, in cooperation with Firas Al-Masdi. It provides data on real estate transactions, rentals, price trends, future supply, project delivery times and investment returns, along with analyses based on Dubai Land Department’s records.
Firas Al Masdi, founder and CEO of FEM Properties, said: “While the lists of offers reflect what sellers are asking for, the actual transaction records show what the buyers paid. We have created the DXBinteract platform to serve the entire market, not just our company, with all brokers getting the same data and the same terms we get.”
He added that the link allows the broker or investor to use ChatGPT or Claude to verify the price of a property compared to the actual transactions recorded, including the prices listed by the company in its data.
The service also provides accounts for gross rental yield, capital recovery period and affordability of mortgage financing, including the cash amount requested in advance.
Fatih al-Masdi, founder of DXBinteract and Chief Operating Officer of FEM Properties, said: “An investor should be able to ask one question to understand not only the cost of the property, but also its competitiveness in the market, the potential returns it can achieve, and the risks associated with it.”
The company stressed that investment accounts and estimated real estate values are indicative indicators and do not represent guaranteed returns or official valuations. The AI assistant formulates the answers based on the platform’s data, with the possibility of reviewing the numbers through its website.
Founded in 2009, FEM Properties’ activities include brokerage, leasing, property management, mortgage finance, property transfer, development and real estate technologies. Its DXBinteract platform provides data on sales, rents, price trends, future supply, project delivery and investment returns.
For more Information contact: www.dxrprop.ae
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