Dubai, UAE - Realiste, a leading artificial intelligence company in the UAE, has introduced a new feature to its flagship AI-powered product, 'Index', aimed at streamlining real estate investing in the MENA region. Now users can see how specific events or news will affect property prices in a particular residential complex and locations in Dubai in the future.

At present, the platform provides future predictions based on various factors, such as the launch of new infrastructure projects in an area. For instance, users can see how the launch of a lagoon in the Sobha Hartland district in the fourth quarter of 2025 will impact the prices of apartments in the Splendor residential complex developed by Gemini, as explained by the founder of Realiste, Alex Galtsev. However, Realiste's AI will soon be able to consider factors that have influenced property prices in the past, thereby improving the accuracy of forecasts.

The feature is currently in beta testing, and users can access incomplete data for a limited number of areas, including Sobha Hartland, Dubai Marina, Beach Front, and JBR. According to the founder, data for all areas will be available within two weeks.

‘This is the world's first product that considers local news and events that affect prices. We believe it will significantly improve the experience for real estate investors in Dubai.’ – tells Galtsev.

'Index' was initially launched in March 2023 to streamline the real estate investing process and accelerate growth in the MENA region's property market. The application provides comprehensive information on the top locations in a city, including average prices for units and square footage, rent rates, the number of properties available on the market, and more.

Additionally, 'Index' ranks properties based on various parameters, such as top projects for rental income and those projected to appreciate quickly, and allows users to filter offerings by cost, size, building floors, and other factors.

Furthermore, the platform ranks construction companies based on six possible options, including price growth forecasts for one, two, and three years, rental yield, square feet price, and number of units. In addition, the platform offers a map to view the areas where developers are building their projects and access data on the surrounding districts.

The platform also allows users to purchase off-plan properties online directly from developers within seconds, unlike existing property boards.

Realiste is committed to providing innovative solutions to streamline the real estate investing process and contribute to the growth of the property market in the MENA region. The new feature for 'Index' is another step towards achieving this goal.

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About Realiste

Realiste is a proptech startup that develops AI-powered products for real estate investing. The company’s goal is to build the first real estate exchange that will identify the most profitable options in the market, allow purchase them online within seconds directly from developers, and manage all the purchased assets in one place. In 2022, it was recognized as the leading artificial intelligence company in the UAE by Future Innovation Summit.

Realiste aims to revolutionize the real estate market in the MENA region by increasing its transparency and accessibility for investors worldwide. The company is confident that its AI-driven products can benefit not only the property investors but all parties involved, including government, property investors, construction companies, and banks, by streamlining and accelerating property deals.

The company’s headquarters are located in Dubai. Overall, Realiste covers over 20 cities, including London, New York, Riyadh, and Bangkok. By the end of 2023, the team aims to expand Realiste to more than 30 cities globally, partnering with local businesses that share the company’s vision and have an in-depth understanding of their markets.

In February 2023, Realiste officially launched a joint venture in Saudi Arabia with local partners, including Ahmed Alenazi, the former CEO of STC Pay, a successful fintech unicorn startup. This joint company was valued at $10M. Realiste plans to collaborate with local developers and banks in Saudi Arabia and digitalize 13 cities by the end of 2023.

The monthly revenue in Dubai’s company stands at $1M, and the team aims to reach $30M by the end of 2023.