Earlier this month, the Dubai International Financial Centre (DIFC) has introduced a new API solution that grants third parties access to real-time real estate data. This initiative is a significant move towards improving market transparency and advancing digital transformation in the real estate sector. It aligns with the Dubai Real Estate Sector Strategy 2033 and Dubai Digital Strategy, both of which aim to boost investment activity and modernize property transactions.

Dubai is recognized for its commitment to smart city innovations, and the launch of this real estate API aims to bolster investor confidence by providing current property valuations, rental yields, and transaction histories. This effort is particularly notable as Dubai continues to rank on JLL’s Global Real Estate Transparency Index, maintaining its status as the only city in the Middle East and North Africa (MENA) region in the ‘Transparent’ category.

Keyper, a leading PropTech company in Dubai, has become the first subscriber to the DIFC’s real estate data API. This partnership will enable Keyper to launch a dedicated digital platform that offers investors, property owners, and tenants direct access to real-time insights regarding the DIFC property market. This development is expected to facilitate better decision-making for investors by providing a clearer understanding of market trends and opportunities.

The DIFC data platform by Keyper includes several key features. Users can access real-time transactional data, which helps in making informed investment decisions. The platform also offers transparency in property valuations, allowing investors to analyze property prices across DIFC. Additionally, it provides rental yield analysis, enabling investors to identify profitable leasing opportunities. For property owners who onboard their assets with Keyper, the platform allows them to track live property valuations and transactions for enhanced ownership transparency.

Keyper is looking into adding further features, including predictive data analytics and advanced financial modeling tools, which would empower investors with deeper insights into the market.

This API initiative is expected to be a game-changer for Dubai’s PropTech ecosystem. Alya Alzarouni, Chief Operating Officer at DIFC Authority, stated that the API solution will enable investors, property owners, and tenants to make more informed decisions, thereby reinforcing Dubai’s status as a prime destination for property investment.

Omar Abu Innab, Co-Founder and CEO of Keyper, described the collaboration as a transformative shift for Dubai’s real estate sector, enhancing market transparency and granting global investors access to critical data.

As Dubai’s real estate sector continues to evolve with innovative digital tools and regulatory advancements, the integration of data access and transparency is setting a new standard for smart property investment in the region’s leading financial hub. This enhanced access means that investors, residents, and global stakeholders can now navigate a more transparent, data-driven property market, further solidifying Dubai’s reputation as a global leader in real estate and PropTech innovation.