Personal AI is on the Way of Revolutionizing the Residential Real Estate Market in the MENA Region with ‘Realiste’
Realiste is an AI-based Real Estate Market Development Company Aiming to Digitize the Market of Every Major City Across the World
( Dubai,18 July 2022) In the last decade the MENA region has proved to be one of the world’s most lucrative fields for the deployment of AI technologies. Realiste, a leading AI developer in the real estate market has finally launched in the Middle East, changing the real-estate and housing landscape using the latest advanced technologies within all operations.
Realiste is an AI-based real estate market development company committed to providing users with accurate and timely market value appraisals. The company’s mission is to digitize the real estate market of every major city across the world, while offering free access to appraisals and personalized recommendations. Since launching in December 2021 they have established operations in Riyadh, Dubai, London, New York and Moscow and are planning more expansions in the next year.
Realiste has successfully fielded an application capable of monitoring the market round-the-clock and displaying the true value of real estate, as well as predicting price movements of properties for the next 6 to 12 months.
The reality of the real estate market is not as stellar as the global volumes of $3.69 trillion stated in past research statistics. In Dubai alone, buyers end up overpaying at least 2% of the original price of a property due to lack of quality market information. The most popular types of real estate in Dubai start in price 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 blind. The advent of functional and versatile Artificial Intelligence constructs, or AI, can open up immense opportunities for transparent property search with minimal loss of capital.
