DIFC launches new PropTech solution, enhancing Dubai’s status as a top investment hub

Photo : Dubai Government Media Office

Dubai International Financial Centre (DIFC), one of the world’s top financial hubs in the Middle East, Africa, and South Asia (MEASA) region, has introduced a new technology solution that will give third parties access to real estate data in DIFC. This new system, known as an Application Programming Interface (API), is part of DIFC’s efforts to make Dubai a leader in technology and innovation, particularly in the real estate sector.

This initiative will help support the Dubai Real Estate Sector Strategy 2033, which aims to boost real estate transactions, attract more international investors, and position Dubai as one of the world’s top destinations for property investment. It also aligns with Dubai’s Digital Strategy, which focuses on making the city’s services and industries more digital.

Dubai’s homegrown PropTech company, Keyper, is the first to use this new technology. Keyper is launching a digital platform that will provide accurate and real-time data on DIFC’s real estate market. This will help investors, property owners, tenants, and the public access vital information about property values, rental income, and past transactions. For the first time, investors will have a clear and updated picture of DIFC’s property market before making investment decisions.

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The partnership between DIFC and Keyper aims to modernize the way real estate investments are managed. With access to updated data, investors will be able to track market trends and property transactions as they happen. This will make property investment more efficient and reliable for a global audience that depends on data-driven insights.

Alya Alzarouni, Chief Operating Officer at DIFC Authority, said: “DIFC continues to introduce projects that make Dubai a global hub for technology and innovation. With this new API solution, PropTech companies will have access to real estate data and market trends in real time. This will help investors, property owners, and tenants make better decisions and strengthen Dubai’s reputation as a top property investment destination.”

Omar Abu Innab, Co-Founder and CEO of Keyper, added: “Our partnership with DIFC is a big step forward for Dubai’s PropTech sector. We are excited to lead the way in making DIFC’s real estate data easily accessible. This will bring more transparency to the market, helping investors make informed decisions. It also supports Dubai’s vision of becoming a global, technology-driven city.”

Key Features of Keyper’s DIFC Data Platform:

Real-Time Transaction Data: Users can view recent property transactions in DIFC to better understand market activity and make smarter investment choices.

Clear Property Valuations: The platform provides insights into property values, helping investors compare and analyze pricing trends.

Rental Yield Analysis: Investors can check rental transactions to understand potential rental income from properties in DIFC.

Integrated Data for Property Owners: Those who register their properties on Keyper will get access to live property valuations and transaction updates, making property management easier.

In the future, Keyper plans to add features such as predictive data analytics and advanced financial modelling tools to provide deeper insights into DIFC’s real estate market. By improving data access and transparency, DIFC and Keyper are creating a more informed and confident investment community in Dubai’s leading financial hub. This will make the property market in DIFC more accessible, transparent, and technologically advanced.

In 2024, Dubai moved up one place on JLL’s Global Real Estate Transparency Index, maintaining its position as the only real estate market in the Middle East and North Africa (MENA) ranked in the ‘Transparent’ category. This ranking reflects the success of government efforts to improve market transparency and strengthen the real estate sector in the region.

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