Tech transformation: How data is driving the real estate market like never before!

Tech transformation: How data is driving the real estate market like never before!

Friday 29 September 2023Wed 16 Feb
Tech transformation: How data is driving the real estate market like never before!

If you’ve been in Dubai for a while now, it comes as no surprise that the city runs smart, everything is easily and instantly accessible through your phone.

From smart innovations to implementing AI technologies across all boards, nothing is impossible. Similarly, Allsopp & Allsopp have also enhanced our business through the help of tech and data innovations.

And here’s how we did it…

We are data driven!

As you might have known, we have our very own Allsopp & Allsopp first-party data, which our data team sources every month to create our monthly market snapshots in line with Dubai Land Department data and our first-party data.

Not only does this create data transparency between us and our clients, it also helps the general audience keep up with the property market. The report is easy to understand and provides an in-depth market analysis of the property market in Dubai, taken through our first-party data.

Hosting data also gives our agents the knowledge and ability to keep up with buyers, sellers and tenants and to help them make well-informed decisions.

Why is this important?

Offering ease to your audience helps build confidence. So when your clients can access the property market and unlock insights into how the market is performing, they are more likely to trust you and come to you for their next property purchase.

New investors that are moving to Dubai often search for data in order to understand the market better and make informed decisions. When they have access to this data, they are more confident in their decision to move to Dubai.

Data transparency also helps many buyers and tenants understand whether buying or renting is right for them. Hence tech innovations enhance businesses as it gives your audience a chance to know everything they need to know in a simple click of a few buttons.

We always look for solutions!

Some solutions that our tech team has developed in-house include:

Mortgage Calculator

Ever wondered how you could calculate your mortgage?

We have all been there, seeing a property and contemplating how much this would cost us! Well, here’s a hack, at Allsopp & Allsopp, through the help of technology we created our very own Mortgage Calculator, which would give you an easy and in depth idea of how much you could wound up paying for your mortgage.

Including the interest rate, the amount of years and the price, you could calculate just how easy it could be to get a mortgage in Dubai. And ofcourse, we at Allsopp & Allsopp have our very own mortgage brokerage, so getting a pre-approval on those numbers would be quite easy!

Take a look at our Mortgage Calculator here.

Buying vs. Renting Calculator

A common question many ask is “could buying be cheaper than renting?”

And if you are curious to find out, what if we told you there was a tool that could tell you in seconds, whether buying is cheaper for you compared to your annual rent.

At Allsopp & Allsopp, we have an exciting tool - known as the buying vs. renting toolwhich can easily tell you whether a mortgage would be cheaper than your rent. Did you know, buying is 45% cheaper than renting in Dubai? Based on how long you choose to take out a mortgage, the property’s value and your current rent, this tool would let you know how much you could wound up paying monthly, as well as annually with a percentage bracket, so you can make an informed decision!

For those actively searching, our sales team is always on hand to help look out for the perfect homes that fit within your budget and are suited to your needs!

Check out our Buy vs. Rent Calculator here.

Data Hub

Curious to know how much Sally down the road pays for rent? What if we told you there was a way to find out!

We know just how much people search for data transparency in the market, but we at Allsopp & Allsopp believe it goes beyond just market reports and statistics. Aren’t we all a bit curious and nosey to know how much others are paying for their rents or how much they got their property for.

With Allsopp & Allsopp’s newest launch - The Data Hub, you could easily take a look at what transactions are taking place in what community, for what property and just for how much, be it ready or off-plan! Our Data Hub is in partnership with Dubai Land Department and Property Finder, giving you accurate information about deals across Dubai over the last 90 days, and is updated every 15 minutes.

Check out our Data Hub here!

If you found this guide helpful or would like to know more about real estate, get in touch with our team of experts!

And if you’re shopping for your next home in Dubai, take a look at our live listings!

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