How Bayut’s features can help you understand market trends better
Whether you want to rent a place or buy your dream home, property-related decisions need a lot of research. As the marketing term goes, the high-involvement decision requires due diligence and research via authentic sources, which can be overwhelming at times. But there are handy tools to make your life easier. Let’s check out how Bayut’s features can help you with searching and identifying the right property.
USING BAYUT’S FEATURES TO UNDERSTAND MARKET TRENDS
Bayut strives to ensure that people have all the answers to their property search-related qualms. Whether it’s the availability of an apartment, simplification of complex market trends or identifying the average market value of a property, Bayut’s features can provide ‘easy to understand’ answers.
Let’s now look at some of the most commonly used features on Bayut that can quicken your property search process.
TRUCHECK™
TruCheck™ by Bayut guarantees that the listed property is available in the same condition as you see online. One of the main challenges in the property search process is to confirm the availability and validity of a particular listing. Trying to verify if the property is actually on the market can be an absolute waste of time. But with the help of TruCheck™, users can validate the availability of a property with a few clicks.
When you search for the desired property type on Bayut, you’ll see listings with a TruCheck badge. Click on the badge and you can view the time stamp that determines how recently the property was authenticated.
TruChecked listings get priority ranking on Bayut, which naturally means increased visibility. On the other hand, agents try their best to ensure that the badge appears on their listing(s) and you have the peace of mind that the property you viewed online is exactly what it looks like in reality.
The TruCheck™ process starts with the agent providing relevant documents to Bayut’s quality assurance team. Once documents are verified, the agent can physically visit the property and upload the latest pictures. The quality assurance team at Bayut then evaluates the information posted, and a TruCheck™ badge appears if the listing passes the set criteria.
TRUESTIMATE™
TruEstimate™ offers an advanced AI-powered solution that delivers precise and up-to-date property value estimations. This comprehensive tool empowers you to gain a deep understanding of market dynamics and make well-informed decisions in the real estate sector.
Whether you are in the process of selling, buying or simply curious about property values, the TruEstimate™ report provides you with a detailed analysis. This comprehensive report includes valuable insights into your property’s value, projected rental yields and much more.
HOW DOES TRUESTIMATE™ WORK?
TruEstimate™ harnesses the power of AI algorithms that incorporate the latest market trends. These algorithms generate accurate estimations of property values for your specific property. Moreover, the TruEstimate™ report offers additional information such as price trends, potential rental yields and details on recently sold, rented and advertised properties that are comparable to yours. This comprehensive report equips you with all the necessary information needed to navigate the real estate market confidently.
TRENDS
To understand market trends through Bayut’s features, click on the individual property listing and scroll down to the “Trends” section. Here, you will find price trends, i.e. a monthly graphic illustration of the movements in the price trends of similar properties. You can identify the general trends and make wise decisions based on the information at hand.
Jump to the average annual rent chart to further understand market trends through Bayut’s features. This graph outlines the average yearly rent and the average asking price of properties of the same bed size in the area. So, you are aware of what kind of offer you could make to the landlord or the asking price you can put in your listing.
Another tool you could use is the famous locations chart. This informs you about the popular sub-communities in the area and the percentage increase or decrease in annual rent over a specific period.
The charts provide sales price trends rather than rents if you are looking at sales listings.
FREQUENTLY ASKED QUESTIONS
WHICH OTHER BAYUT FEATURES CAN I USE TO GET FURTHER CLARITY DURING THE PROPERTY SEARCH PROCESS?
Various Bayut features like categorised amenities, neighbourhood directories and mortgage calculators posted under individual listings can help you understand different aspects of the property.
CAN I KNOW MORE ABOUT THE ASKING RENTS AND SALES PRICES OF THE PROPERTY OVER THE YEARS?
The recently signed Memorandum of Understanding between DLD and Bayut brings even greater benefits for Bayut visitors. The Property Overview section for listings will feature all the historic rent and sale transactions, making the decision-making process easier.
This agreement will also allow users to view property information sourced straight from the DLD, including ownership status and covered areas.
Please note that DLD-backed information is only available for selected listings at this point.
WHAT ELSE CAN I DO TO UNDERSTAND THE PROPERTY MARKET OF DIFFERENT EMIRATES BETTER?
Visit Bayut’s market trends section for data-based analysis of sales and rental properties across the UAE. Along with the sales prices and rents, you can find key insight into popular neighbourhoods and sub-communities in the city. You can also download and use different real estate apps in Dubai.
This concludes our blog about the list of Bayut’s features that help with market trends.
Authentic data backs all these tools. Hence, there is strong evidence behind the conclusions that appear on your screen. Whether you are looking to buy a property or rent one, Bayut’s features can help you reach a decision based on data. This minimises risks and ensures a high level of security. With TruEstimate™, you can rely on sophisticated technology to provide you with comprehensive and reliable property estimations. Stay ahead of the curve and make informed decisions with Bayut features – your trusted guide in the real estate market.
Have you used any of Bayut’s features during your property search? Let us know in the comments.
