Dubai International Financial Centre (DIFC) has partnered with PropTech company Keyper to unveil a digital platform designed to enhance transparency in the city’s real estate market. This new technology solution, an Application Programming Interface (API), is aimed at improving data accessibility and enabling better decision-making for investors, property owners, and tenants.
Enhancing Dubai’s Real Estate Landscape
The initiative aligns with the Dubai Real Estate Sector Strategy 2033, which seeks to increase transactions, attract international investors, and further establish Dubai as a leading global property investment destination. The platform will contribute to Dubai’s Digital Strategy, which aims to digitize all aspects of life in the city. Through this collaboration, Keyper is the first company to subscribe to the service, providing comprehensive, real-time data insights on the DIFC’s property market.
By offering live property valuations, rental yields, and transaction histories, the platform empowers users to make more informed decisions. It also supports a modernized property management model, catering to a growing demand for data-driven investment strategies in the global market.
Key Features and Benefits for Investors
The DIFC data platform brings several benefits, including real-time transactional data, property valuation transparency, and rental yield analysis. Users can access a wealth of market metrics, helping them evaluate properties with a clearer understanding of market conditions. For property owners, Keyper provides live valuations and transaction data, ensuring a more transparent experience in managing real estate assets.
Omar Abu Innab, Co-Founder and CEO of Keyper, highlighted the transformative nature of this collaboration, which will make DIFC’s property data more accessible and support investors in making well-informed choices. Additionally, Keyper is considering new features such as predictive data analytics and enhanced financial modeling tools to provide deeper insights into the market.
Boosting Dubai’s Global Positioning
This development underscores Dubai’s commitment to becoming a globally recognized, tech-savvy metropolis. In 2024, Dubai improved its ranking on JLL’s Global Real Estate Transparency Index, cementing its position as the only market in the MENA region within the “Transparent” tier. Also, as Dubai continues to make strides in enhancing market transparency, the real estate sector will likely benefit from more engaged and confident investors.
With the launch of this platform, DIFC and Keyper are setting the stage for a more accessible, tech-enabled property market that will benefit stakeholders both locally and globally.
