Dubai International Financial Centre (DIFC) has introduced a new API that provides third-party access to real estate data. This initiative supports Dubai’s PropTech sector and aligns with the Dubai Real Estate Sector Strategy 2033 and the Dubai Digital Strategy. The goal is to enhance market transparency, attract foreign investments, and facilitate more real estate transactions.
By making real estate data more accessible, DIFC aims to position Dubai as a leading global investment hub. The API allows companies, investors, property owners, and tenants to gain real-time insights into the real estate market within DIFC. This move is expected to foster a more data-driven approach to property investment and management.
Dubai-based PropTech company Keyper is the first subscriber to this service. Keyper will launch a digital platform that provides detailed real estate insights, including property values, rental yields, and transaction histories within DIFC. This platform is designed to offer property owners and investors a comprehensive understanding of market trends, helping them make informed decisions.
The platform’s features include real-time transactional data, which helps users track recent market activities and assess investment opportunities. It also offers transparent property valuations, enabling users to compare and analyze property values across DIFC. Additionally, rental yield analysis supports investors focused on generating rental income.
Through its partnership with DIFC, Keyper aims to modernize property portfolio management by introducing predictive models and advanced financial management tools. These tools will further enhance the insights available to investors and property owners, creating a more efficient and transparent real estate environment.
DIFC’s Chief Operating Officer, Alya Alzarouni, emphasized that the API will help companies in the growing PropTech sector by providing access to reliable real estate data. She noted that this increased transparency will support better decision-making for investors, property owners, and tenants, further strengthening Dubai’s position as a prime real estate investment destination.
Omar Abu Innab, co-founder and CEO of Keyper, described the collaboration as a significant step forward for PropTech in Dubai. He highlighted that improved access to real estate data will enable investors to make better-informed choices, supporting Dubai’s vision of becoming a tech-driven metropolis with a globally recognized real estate sector.
Dubai’s real estate market has been making steady progress in terms of transparency and digital transformation. This is evident in its improved ranking in the 2024 JLL Global Real Estate Transparency Index, where it remains the only property market in the Middle East and North Africa region classified as “Transparent.” This recognition reflects the positive impact of government initiatives aimed at enhancing market transparency and creating a more robust real estate environment.
