Latest news with #Madmoun
Zawya
29-05-2025
- Business
- Zawya
Bayut achieves 100% compliance with Abu Dhabi Real Estate Centre Regulations
Abu Dhabi, United Arab Emirates – Bayut, the UAE's leading PropTech platform and a regional pioneer in artificial intelligence and machine learning applications for real estate, has announced it has achieved 100% compliance with the regulatory requirements issued by the Abu Dhabi Real Estate Centre (ADREC). This milestone highlights Bayut's continued leadership in shaping a more transparent, credible, and technologically advanced real estate ecosystem in Abu Dhabi. The announcement aligns with the launch of 'Madmoun', the GCC's first government-led Multiple Listing Service (MLS), introduced by ADREC to enhance transactional reliability and elevate listing verification standards. Through Madmoun, only valid properties—listed by a maximum of three licensed brokers—will be allowed on the market, marking a landmark step in regulating the emirate's property landscape. The team at ADREC has also welcomed Bayut's 100% compliance milestone with great enthusiasm, viewing it as a key signal of market readiness to adopt technology-driven regulatory frameworks. Bayut has been at the forefront of integrating cutting-edge AI and machine learning models to eliminate listing inaccuracies and promote trust. Tools like TruBroker™ have become industry benchmarks for property authentication, giving users confidence in the availability and accuracy of listings. These AI-driven tools are further supported by human review systems, ensuring that every listing meets Bayut's market-leading quality and compliance criteria. Commenting on the announcement, Haider Ali Khan, CEO of Bayut and CEO of Dubizzle Group in MENA, said: 'Achieving full compliance with ADREC's regulations is not just a regulatory milestone—it is a testament to our tech-first mindset and relentless drive to raise the bar for PropTech standards in the region. At Bayut, we are harnessing the power of AI, data science and automation not just to meet industry requirements, but to shape what the future of real estate should look like: smart, safe, and transparent. We commend ADREC's visionary Madmoun initiative, which aligns perfectly with our mission to deliver credibility and innovation at scale.' This achievement builds on the strategic partnership signed between Bayut and ADREC in 2024, focused on fostering deeper public-private collaboration to enhance data accuracy and elevate digital infrastructure within Abu Dhabi's real estate sector. As the PropTech landscape evolves, Bayut remains committed to being the regional benchmark for AI-led real estate platforms, championing innovation that serves the interests of investors, agencies, developers and end-users alike. With a robust team of engineers, data scientists and compliance experts, Bayut continues to drive the transformation of real estate through technology that leads, not follows.
Tahawul Tech
26-04-2025
- Business
- Tahawul Tech
DLD boosts transparency with AI-enabled real estate advertising governance
Since its inception, the platform has monitored over 279,000 real estate advertisements across Property Finder, Dubizzle, and Bayut. 29% of the monitored ads were automatically modified on the platforms using artificial intelligence. Dubai — Dubai Land Department (DLD) announced the outcomes of its AI-powered Real Estate Advertising Governance Platform, which was launched during GITEX 2024. The initiative is part of the DLD's ongoing efforts to enhance transparency and credibility in real estate advertisements across key marketing platforms, such as Property Finder, Dubizzle, and Bayut. These efforts align with Dubai AI Week's objectives, which kicked off on Monday, 21 April, and runs until 25 April. According to the latest data, the platform has monitored over 279,000 real estate advertisements across these platforms since its launch; notably, 29% of the monitored listings were automatically modified using artificial intelligence. Ali Abdullah Al Ali, Director of the Real Estate Control Department at the Real Estate Regulatory Agency, Dubai Land Department, said: 'These results reaffirm our ongoing commitment to advancing real estate market oversight through cutting-edge technology. The Real Estate Advertising Governance Platform enables us to monitor advertisements more accurately and efficiently, enhancing investor and consumer confidence and reinforcing Dubai's position as a global hub for real estate innovation.' He added: 'The ongoing, daily monitoring carried out through this platform ensures full compliance with established standards and regulations, elevating transparency within the real estate market and reaffirming DLD's commitment to fostering a trustworthy and credible property environment. The use of artificial intelligence in oversight represents a strategic tool that reflects the Department's direction toward digital innovation and its dedication to achieving the highest quality standards in its services.' This platform represents a significant strategic step toward enhancing and developing Dubai's real estate sector. It aligns with the vision of the wise leadership, which aspires to position the emirate at the forefront of global cities in digital innovation, thereby strengthening its economic standing and supporting Dubai's long-term strategic objectives. Through its Real Estate Regulatory Agency, Dubai Land Department had previously announced the launch of the new 'Madmoun' electronic service within the Trakheesi system, which issues a QR code for every real estate advertisement permit generated through the platform. This initiative aims to enhance the governance of real estate advertising as part of the Department's broader efforts to modernise regulatory procedures and strengthen investor confidence. Accordingly, all real estate companies are required to display the QR code on all real estate advertisements, whether visual or written. This enables customers to quickly and effectively verify the authenticity of the advertisement and confirm that the Real Estate Regulatory Agency approves it.
Zawya
24-04-2025
- Business
- Zawya
Dubai Land Department strengthens transparency with AI-enabled real estate advertising governance
Since its inception, the platform has monitored over 279,000 real estate advertisements across Property Finder, Dubizzle, and Bayut. 29% of the monitored ads were automatically modified on the platforms using artificial intelligence. Dubai, United Arab Emirates: Dubai Land Department (DLD) announced the outcomes of its AI-powered Real Estate Advertising Governance Platform, which was launched during GITEX 2024. The initiative is part of the DLD's ongoing efforts to enhance transparency and credibility in real estate advertisements across key marketing platforms, such as Property Finder, Dubizzle, and Bayut. These efforts align with Dubai AI Week's objectives, which kicked off on Monday, 21 April, and runs until 25 April. According to the latest data, the platform has monitored over 279,000 real estate advertisements across these platforms since its launch; notably, 29% of the monitored listings were automatically modified using artificial intelligence. Ali Abdullah Al Ali, Director of the Real Estate Control Department at the Real Estate Regulatory Agency, Dubai Land Department, said: 'These results reaffirm our ongoing commitment to advancing real estate market oversight through cutting-edge technology. The Real Estate Advertising Governance Platform enables us to monitor advertisements more accurately and efficiently, enhancing investor and consumer confidence and reinforcing Dubai's position as a global hub for real estate innovation.' He added: 'The ongoing, daily monitoring carried out through this platform ensures full compliance with established standards and regulations, elevating transparency within the real estate market and reaffirming DLD's commitment to fostering a trustworthy and credible property environment. The use of artificial intelligence in oversight represents a strategic tool that reflects the Department's direction toward digital innovation and its dedication to achieving the highest quality standards in its services.' This platform represents a significant strategic step toward enhancing and developing Dubai's real estate sector. It aligns with the vision of the wise leadership, which aspires to position the emirate at the forefront of global cities in digital innovation, thereby strengthening its economic standing and supporting Dubai's long-term strategic objectives. Through its Real Estate Regulatory Agency, Dubai Land Department had previously announced the launch of the new 'Madmoun' electronic service within the Trakheesi system, which issues a QR code for every real estate advertisement permit generated through the platform. This initiative aims to enhance the governance of real estate advertising as part of the Department's broader efforts to modernise regulatory procedures and strengthen investor confidence. Accordingly, all real estate companies are required to display the QR code on all real estate advertisements, whether visual or written. This enables customers to quickly and effectively verify the authenticity of the advertisement and confirm that the Real Estate Regulatory Agency approves it.
