Dubai, UAE - Realiste, a leading artificial intelligence company in the UAE, has launched its latest innovative product called 'Index.' The AI-powered application for smartphones is designed to streamline the real estate investing process and accelerate growth of the property market in the MENA region.

With 'Index,' users can access comprehensive information on the top locations in a city of their interest,  including average prices for both units and square footage, rent rates, number of properties available on the market, average exposure times for listings, and more.

This tool also identifies the best off-plan buildings, complete with ROI forecasts and future appreciation rates for the next three years. Furthermore, ‘Index' ranks properties based on various parameters, such as the top projects for rental income and those projected to appreciate quickly, and allows users to filter offerings by cost, size, building floors, and other factors. Additionally, Unlike existing property boards, this tool allows purchasing off-plan properties online directly from developers within seconds.

Co-founder of Realiste Alex Galtsev notes that currently the process of choosing real estate for investing is ‘time-consuming’. It can take up to two-three months to find suitable options. ‘Index’ can save investors time, by highlighting the best properties depending on real estate investors’ needs in a matter of seconds.

‘We're thrilled to launch 'Index' and provide real estate investors with a powerful tool that leverages the latest in AI technology," said a

Alex Galtsev. "Our goal is to empower our users with the insights they need to make informed investment decisions and stay ahead of the competition.’

'Index' is currently in beta testing and offers data on Dubai’s property market. Realiste invites users to try out the system and provide feedback and recommendations. Users are encouraged to report any bugs or issues they encounter during the testing period to help Realiste make necessary improvements.

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About Realiste

Realiste is a proptech startup that develops AI-powered products for real estate investing. The company’s goal is to build the first real estate exchange that can help to identify the most profitable options in the market, allow purchase online within seconds directly from developers, and manage all the purchased assets in one place.  In 2022, it was recognised as the leading artificial intelligence company in the UAE by Future Innovation Summit. 

Realiste aims to revolutionize the real estate market in the MENA region by increasing its transparency and accessibility for investors worldwide. The company is confident that its AI-driven products can benefit not only the property investors but all parties involved, including government, property investors, construction companies, and banks, by streamlining and accelerating property deals.

The company’s headquarters are located in Dubai. Overall, Realiste covers over 20 cities, including London, New York, Riyadh, and Bangkok. By the end of 2023, the team aims to expand Realiste to more than 30 cities globally, partnering with local businesses that share the company’s vision and have an in-depth understanding of their markets.

In February 2033, Realiste officially launched a joint venture in Saudi Arabia with local partners, including Ahmed Alenazi, the former CEO of STC Pay, a successful fintech unicorn startup. This joint company was valued at $10M. Realiste plans to collaborate with local developers and banks in Saudi Arabia and digitalize 13 cities by the end of 2023.

The revenue in Dubai’s company stands at $1M, and the team aims to reach $30M by the end of 2023.