Property platform dubizzle has introduced the TruEstimate™ valuation tool to its users in Dubai, aiming to provide clearer pricing data across the real estate market.
The tool, developed by Bayut in collaboration with Dubai Land Department, uses verified data to estimate property sale and rental values. It is designed for buyers, sellers, landlords and tenants seeking more accurate pricing insights.
The rollout comes as Dubai’s property market continues to record strong activity. According to platform data as of April 13, listings in Dubai generated more than 17 million impressions, with limited price variation reported.
Market transparency
The move aligns with the emirate’s Dubai Real Estate Sector Strategy 2033, which focuses on improving transparency and access to market data.
“Transparency has always been a big focus for us, and TruEstimate™ is a great example of how data can genuinely empower users,” said Haider Ali Khan, CEO of dubizzle and CEO of Dubizzle Group MENA. “Expanding it to dubizzle means more buyers, sellers and renters now have easy access to real market values, which ultimately leads to better, more informed property decisions.”
TruEstimate™ generates reports using property identifiers such as title deeds, Oqood contracts or DEWA numbers. It provides estimated sale or rental values based on market data, along with transaction history, rental yields and comparisons with similar properties.
The tool has already seen an adoption rate of more than 65 per cent on Bayut, according to the company.
TruEstimate™ is available on both web and mobile versions of dubizzle. It is integrated across the homepage, listings and navigation bar, allowing users to access property valuations at different stages of their search.
tanvir@dubainewsweek.com
