The Dubai International Financial Centre (DIFC) has unveiled a new technology solution aimed at improving transparency in its real estate sector. This innovative Application Interface solution (API) is designed to allow third parties to access comprehensive data about the real estate landscape within DIFC.

This initiative aligns with the Dubai Real Estate Sector Strategy 2033, which seeks to increase property transactions, attract international investors, and establish Dubai as a premier destination for property investment. Furthermore, the new API solution supports Dubai’s Digital Strategy, which focuses on digitalizing all aspects of life in the city.

Keyper, a PropTech company based in Dubai, is the first subscriber to this service. The company will launch a specialized digital platform that provides detailed insights into DIFC’s real estate market, making vital data available to investors, property owners, tenants, and the general public for the first time.

Potential and existing investors will now be able to assess real estate opportunities in DIFC with real-time information on property values, rental yields, and transaction histories. This collaboration with Keyper represents a strategic effort to modernize property portfolio management, catering to the needs of an increasingly data-driven investment community.

The digital platform will enable users to access updated market metrics, viewing property transactions and market indicators in real time. Alya Alzarouni, Chief Operating Officer at DIFC Authority, emphasized that this new API solution is available to companies in the rapidly growing PropTech sector, enhancing Dubai’s reputation as a technology and innovation hub.

Omar Abu Innab, Co-Founder and CEO of Keyper, highlighted that this partnership signifies a major transformation in Dubai’s PropTech landscape, stating their excitement to lead the way in making DIFC’s property data universally accessible.

Key features of the DIFC data platform will include real-time transactional data, transparency in property valuations, rental yield analysis, and integrated data for property owners who register their assets with Keyper. This functionality aims to foster a transparent and user-friendly property ownership experience.

Additionally, Keyper is examining future enhancements such as predictive data analytics and advanced financial modeling tools to further enrich DIFC’s real estate data offerings. By promoting data access and transparency, Keyper and DIFC are creating a more informed and engaged investment community in the region’s leading financial hub.

In 2024, Dubai improved its position on JLL’s Global Real Estate Transparency Index, moving up one spot and remaining the only property market in the Middle East and North Africa (MENA) classified in the “Transparent” tier. This ranking improvement underscores the effectiveness of government initiatives aimed at increasing market transparency and strengthening the real estate environment in the region.