DIFC's new API solution will add to the transparency of real estate practices in Dubai by offering investors real-time data and encouraging PropTech advances.

Dubai International Financial Centre (DIFC) unveiled the real-time real estate API that will facilitate third parties to access real estate market data in real time, thereby improving transparency in the market and fast tracking digital transformation. In line with the Dubai Real Estate Sector Strategy for 2033 and the Dubai Digital Strategy, the aim is to modernize property transactions to attract more investments.

The new API will provide insight-through-up-to-the-minute property valuation, rent yield, or transaction history-on making Dubai’s real estate market fast with high data availability. All of this will only go to strengthen Dubai's position on the Global Real Estate Transparency index by JLL, with Dubai being the only MENA city to fall under the "transparent" category.

Keyper is considered a signatory partner of DIFC's real estate data API in Dubai. Advanced analysis of market trends has been integrated into the platform to generate real-time information for investors, property owners, and tenants with regard to the DIFC estate market.

Features include open property valuation, rental yield analysis, along with live data for property owners to monitor live property valuations. The Keyper team is also looking into adding predictive data analytics and improved financial modeling tools.

This partnership may well turn out to be one of the most important milestones in the Dubai PropTech ecosystem. The new standards for transparency and innovation would draw more crowds to Dubai as a global real estate investment hub.