Bayut, a leading UAE-based real estate platform, has announced that its AI-powered property valuation tool, TruEstimate, now supports 50% of all property transactions in the UAE. This milestone underscores the growing reliance on data-driven insights in the UAE’s real estate market.
What Is TruEstimate?
Launched in June 2024, TruEstimate is an artificial intelligence-driven tool designed to provide accurate and up-to-date property valuations. By analyzing a vast array of market data, including recent sales, rental yields, and property characteristics, TruEstimate offers users a comprehensive understanding of a property’s value. This transparency aids buyers, sellers, and agents in making informed decisions.
Rapid Adoption in the UAE Market
Since its inception, TruEstimate has experienced rapid adoption across the UAE. As of May 2025, the tool was used in 50% of all property transactions in Dubai, a significant increase from just 6% in July 2024. This surge highlights the market’s growing trust in data-backed valuations.
The tool’s impact is particularly notable in the secondary ready property market, where pricing transparency is crucial for negotiations and buyer confidence. In May 2025, TruEstimate was utilized in 2,449 out of 4,945 real estate transactions in Dubai, demonstrating its widespread acceptance.
Enhancing Transparency and Trust
One of TruEstimate’s primary objectives is to promote transparency in the UAE’s real estate market. By providing standardized, data-driven valuations, the tool reduces subjectivity and potential biases in property pricing. This transparency fosters trust among stakeholders and contributes to a more efficient and equitable market.
Haider Ali Khan, CEO of Bayut and Head of Dubizzle Group MENA, emphasized the importance of this initiative, stating, “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.”
Future Prospects and Expansion Plans
Looking ahead, Bayut aims to expand TruEstimate’s coverage across additional geographies and property categories. The company plans to collaborate with agents, developers, and government partners to further enhance the tool’s reach and impact. By continuously refining its algorithms and incorporating diverse data sources, Bayut seeks to build the most transparent and efficient property marketplace in the UAE.
Conclusion
TruEstimate’s integration into half of all UAE property transactions marks a significant shift towards data-driven decision-making in the real estate sector. As the market continues to embrace technological advancements, tools like TruEstimate are poised to play a pivotal role in shaping the future of property transactions in the UAE.
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