Driving property price transparency: one property ad at a time.
The ‘dubizzle estimate’ will help property seekers get a indication on current property prices in the market and help agents set prices with owners for properties being put up for rent & sale in the UAE.
This is a step towards driving price transparency in the market. Every property ad will now have an estimated price range position right under the ad’s title (see below.) This calculation is based on all the property ads posted on dubizzle in the past 3 months.
How do we calculate these property price ranges?
The dubizzle estimate – Factors taken into account:
- Property ads in the same community (example. Reem Island or Dubai Marina…)
- Property ads placed in the last 30 days
- No. of bedrooms of the property
- Size of the property (give or take 2.5% difference in sqft of unit)
- Range showcased is the 40th & 60th percentile of properties with the above criteria (outlier prices excluded)