Dubai’s real estate market is growing at an exceptional rate, garnering the attention of investors and individuals from all across the globe. To cater to this inflow, the government is taking different measures, amidst which digitalisation stands at the forefront. The prime example of real estate services digitalisation is the DXB Interact for the Dubai’s real estate market. The DXB Interact is a digital platform that provides a wide range of services related to Dubai’s real estate market. Whether it is checking a property’s history or calculating a mortgage, all can be done from a single platform.
Here are complete details regarding the services provided by DXB Interact.
Services of DXB Interact for Dubai’s Real Estate Market
Similar to the DubaiNow app and other e-platforms, the DXB Interact can also be used to simplify real estate transactions. That said, the following are the services provided by the platform that you can leverage.
Property History
The Interact provides complete property transaction history, including property price changes during previous years. The property history section aids buyers in identifying any potential issues in the property, like structural damage or legal concerns. Moreover, it also assists in determining the accurate value of the property as per the market conditions.
Besides, buyers can also seek professional assistance from property valuation companies; here is the list of RERA-approved property valuation companies you can consider.
Sales & Rental Details
The sales and rental services of DXB Interact elaborate on the price trend in the market. Users can extract insights about the latest price trends in a specific area, which helps in negotiating buying prices and rent. The platform also facilitates users to compare price trends of different areas and even projects, which assists in decision-making.
Market Performance
The market performance section provides a comprehensive real estate market overview. This includes analysis of sales trends in different areas and the change in property prices during the past decade. The data can be filtered out on the basis of property layouts (apartment, villas, plots and commercial), construction status (off-plan or ready) and buying procedure (sales or mortgage).
Besides DXB Interact, dubizzle also provides market insights and overviews in its quarterly and annual reports. Take a look at dubizzle’s H1 2023 Dubai sales market report, elaborating on the sales trend in detail.
Top Areas
Dubai’s real estate is continuously growing, with new projects announced on a regular basis. It can be difficult for buyers to choose from an array of property options. That said, DXB offers details about the top-performing areas in different categories. For instance, if you are looking for top areas to buy apartments in Dubai, select property type, buying procedure, and seller, and the platform will filter out the top 5 areas with price details.
Remember that the number of areas is limited to five only, with no difference between luxury and affordable properties. For those specifically looking for luxury properties, here are the top luxury areas to buy villas in Dubai.
Price Index
The price index of DBX Interact is dedicated to per sq. ft price change. It offers a detailed analysis of the per sq. ft price change of different areas in the previous decade. Users can choose from different property types, specific areas and construction status.
Mortgage
If you are planning to buy a property on mortgage, the DXB INteract mortgage service is for you. The mortgage service features details regarding property mortgage transactions and property mortgage value in different areas.
Users can also check the mortgage history of a specific area. That said, the mortgage price details significantly help buyers to decide whether to buy property on cash or mortgage.
Off-Plan
The off-plan projects secure a major portion of real estate transactions in Dubai. The off-plan services of DBX Interact allow users to extract real-time information about off-plan property transactions in different areas. Users can also check the percentage of off-plan properties in a specific area.
If you are new to property investment, here are a few things to consider before buying an off-plan property you must know.
Others
The other services offered by DBX include service charge details, project tracking, population, demographics, businesses, rental trends and a Dubai investment map.
FAQs
What is Dubai Interact?
Dubai Interact, or DXB Interact, is an online platform that provides different services related to the real estate market.
Who provides data to DXB Interact?
Dubai Land Department (DLD) provides transaction data to the DBX Interact.
How did the Dubai property market perform in H1 2023?
Overall, the Dubai property market in h1 2023 shows a positive trend. Read through our H1 2023 Dubai rental market report for detailed information.
These were all the services provided by DBX Interact to facilitate real estate transactions in Dubai. Dubai’s real estate market is considered a lucrative investment opportunity, supported by law and order situation and convenience of property transactions. That said, if you are also interested in availing these facilities, browse through these properties for sale in Dubai and invest in the growing real estate market.
Stay tuned to dubizzle’s property blog for more information on Dubai’s real estate market.
