Implements the valuation service within 15 seconds, and raises customer happiness
Dubai Land Department announced the completion the first stage of the project that relies on artificial intelligence in the smart valuation process of real estate units.
The first-of-its-kind project relies on artificial intelligence in the smart valuation process for real estate units, in line with DLD’s approach.
As a result of this project, DLD would be contributing to improving the quality, efficiency and readiness of smart government services to keep pace with the requirements of the future and meet the needs of society as well as simplify procedures by managing and reducing the time taken to implement the valuation process.
“We believe that this pioneering smart project will help us raise our ranking on global performance indexes in terms of providing the best valuation services to our customers at high speeds and with complete transparency,” commented Sultan Butti Bin Mejren, Director General, Dubai Land Department.
To ensure its optimum success, accurate data relying on smart technologies will be provided to customers. The smart valuation service for real estate units will be provided on DLD’s smart application, Dubai REST that customers may download from the App Store or Google Play.
“The smart valuation team has worked with a third party from the private sector, represented by ‘Crayon,’ to achieve an unprecedented reliance on artificial intelligence in the smart valuation of real estate units and provide an immediate, reliable and robust service,” remarked Majid Saqr Al Marri, CEO, Registration and Real Estate Services Sector, DLD.
