15.1 billion dirhams in Dubai real estate sales in a week

Real estate transactions in Dubai recorded, at the end of the week’s trading, about 19.92 billion dirhams, after implementing 5,975 transactions, which included sales worth 15.18 billion dirhams.

The weekly real estate sales were divided into 4,038 sales of residential units, 282 sales of buildings, and 317 sales of lands, with a total of 4,637 transactions, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.

Mortgages recorded 1,123 transactions, worth 3.59 billion dirhams, distributed over 789 residential units, 136 buildings, and 198 lands, while the value of gifts amounted to about 1.15 billion dirhams, with 215 transactions distributed over 173 residential units, eight buildings, and 34 lands.

The “Business Bay” area came in the lead in terms of the value of real estate sales with 1.35 billion dirhams, followed by “Burj Khalifa” with about 1.27 billion dirhams, “Zabeel II” with 719.04 million dirhams, “Jumeirah 1” with 542.1 million dirhams, then “Umm Suqeim 1” with 532.71 million dirhams.

On the daily performance level, real estate transactions in Dubai recorded about 3.16 billion dirhams yesterday, after implementing 800 deals, which included sales worth 2.72 billion dirhams.

The Burj Khalifa area came in the lead in terms of sales value with 788.65 million dirhams, followed by “Jumeirah One” with 205.33 million dirhams, “Airport City” with 86.63 million dirhams, “Palm Jumeirah” with 76.6 million dirhams, then the “Jumeirah Village Circle” area with 75.42 million dirhams.

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Dubai is witnessing the launch of the first real estate brokerage platform powered by artificial intelligence

Milad Minchpur: The platform allows buyers and sellers to interact with “AirGPT”, which has comprehensive knowledge of all properties, residential communities and available data.

Dubai witnessed the launch of the first real estate brokerage platform supported by artificial intelligence, in a step that confirms the emirate’s leadership in adopting the latest real estate innovations in the region.

The founder and CEO of Air Real Estate Brokerage, Milad Minchpour, said that the new platform, which was developed in Dubai, is the first platform in the field of real estate brokerage supported by artificial intelligence in the UAE and the Middle East, benefiting from the open data environment and smart regulation that characterizes the UAE real estate market.

He added to Emirates Today on the sidelines of the launch of the platform that it transforms real estate brokerage into a process that is completely managed through an artificial intelligence system called “AirBrain,” which learns from every interaction and deal to continuously improve its decisions and customer service.

He stated that the platform allows buyers and sellers to interact with the “AirGPT” unit, which has comprehensive knowledge of all real estate, residential communities, and public data available from official authorities and market platforms.

He explained that the platform represents a modern operating model, based on a smart system managed through an advanced learning engine capable of analyzing the market, managing the customer journey, as well as providing recommendations, scheduling inspections, all the way to negotiating and closing deals, with limited intervention from the human mediator.

He said that the platform includes many properties offered through real estate marketing platforms, with plans to increase reliance in the future on its own marketing channels, within the framework of building a brand based on transparency and accuracy.

Meneshpour pointed out that the next stage of the platform’s development includes expanding the scope of the service to include Abu Dhabi and a number of the country’s emirates, then moving to foreign markets, such as Saudi Arabia, Australia, and the United Kingdom.