A real estate search engine platform based in the UAE Bayut 's artificial intelligence (AI)-powered property valuation tool, TruEstimate™ was used in 50% of all ready property transactions in Dubai in May 2025.
Launched in June 2024, TruEstimate™ was developed to equip both property seekers and real estate professionals with data-driven price benchmarks, addressing the long-standing market challenge of subjectivity in property valuations.
Image source: Bayut
Over the past year, adoption has surged, particularly in the ready secondary segment, where pricing transparency plays a critical role in negotiations and purchase confidence. In July 2024, only 6% of ready secondary transactions were preceded by a TruEstimate™ report. By May 2025, that figure had grown to 50%; meaning one in every two deals was backed by TruEstimate™ pricing before closing.
Since its debut, more than 300,000 reports have been created, with 80% concentrating on prepared secondary units, highlighting the tool’s significance in this area.
Image source: Bayut
TruEstimate™ was launched to instill reliability and uniformity in real estate valuations," stated Haider Ali Khan, CEO of Bayut & dubizzle and Head of Dubizzle Group MENA. "That nearly half of all completed transactions currently utilize this technology underscores the market’s faith in Bayut's analytical prowess and our dedication to enhancing the entire property experience for everyone involved.
Looking ahead, Bayut aims to continue to expand TruEstimate™'s coverage across additional geographies and property categories, in collaboration with agents, developers, and government partners, furthering its mission to build the most transparent and efficient property marketplace in the UAE.