Dubai, UAE–Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department.
These include 498 sales transactions worth AED 1.24 billion, in addition to 80 mortgage deals of AED 444.06 million, and 12 gift deals amounting to AED65.68 million.
The sales included 469 villas and apartments worth AED993.53 million, and 29 land plots worth AED248.33 million, while mortgages included 51 villas and apartments worth AED141.5 million and 29 land plots valued at AED302.56 million.
Dubai’s real estate sector is embracing the latest technologies to develop the industry and make it more accessible and convenient for the clients.Â
AI algorithms have made it possible for real estate agents to find more qualified leads and make more sales. Further, AI can aid investors in deciding when it is best to make a purchase or sell an asset.
Real estate investors and brokers are becoming more confident in Dubai as the city’s many innovative systems keep tabs on the city’s skyscrapers and the units available for housing and renting.
The use of technology in Dubai has become a necessity, starting with the various government institutions and all parties engaged in the real estate sector.
What’s trending now are virtual tours and 3D presentations, where clients can have a detailed view of the property, they want to buy with all the rooms and furniture if available.