DIFC Launches PropTech API to Boost Real Estate Transparency in Dubai
Dubai International Financial Centre (DIFC) has unveiled a pioneering technology solution that grants third-party access to real estate data, marking a significant step in positioning Dubai as a global PropTech hub.
The newly launched API aligns with the Dubai Real Estate Sector Strategy 2033, which aims to attract international investors, enhance transparency, and drive real estate transactions. It also supports Dubai's Digital Strategy by integrating technology into everyday city life.
Keyper, a leading PropTech company, is the first subscriber to the service, launching a digital platform that offers real-time insights into DIFC's real estate landscape. This platform enables investors, property owners, and tenants to evaluate opportunities with comprehensive data on property values, rental yields, and transaction histories.
Alya Alzarouni, Chief Operating Officer at DIFC Authority, highlighted the initiative's role in strengthening Dubai's reputation as a technology and innovation hub.
'This new API solution provides real-time market trends, empowering investors with the data needed to make informed decisions,'
she said.
Omar Abu Innab, Co-Founder and CEO of Keyper, emphasized the collaboration's impact on transparency and market accessibility.
'By making DIFC's property data available, we're enabling smarter investment decisions and reinforcing Dubai's status as a tech-driven metropolis,'
he noted.
Key features of the DIFC-Keyper platform include:
Real-time transactional data for market analysis.
for market analysis. Property valuation insights for comparative investment decisions.
for comparative investment decisions. Rental yield metrics for assessing income potential.
for assessing income potential. Integrated property data for owners using Keyper's platform.
The initiative comes as Dubai climbs JLL's Global Real Estate Transparency Index 2024, reaffirming its status as the MENA region's most transparent property market.
News Source: Dubai Media Office
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