Dubai Land Department adopts AI-based smart valuation process

The Dubai Land Department (DLD) announced the completion of the first stage of project that uses Artificial Intelligence (AI) in the smart valuation process of real estate units.

The first-of-its-kind project is in line with DLD’s approach, which regards innovation as a fundamental pillar for shaping the future.

Sultan Butti bin Mejren, director-general of Dubai Land Department, said: “DLD is continuously seeking to strengthen Dubai’s leading position as a vital model for smart cities in the world through teamwork with various departments and constructive cooperation and the foundational structure of a smart city which you can practice the ease of doing business.”

DLD expects the project to help reduce the implementation time of valuation services to 15 seconds and raise customer happiness. The project will be in line with the standards set by the Dubai Model Centre of the General Secretariat of the Executive Council of Dubai to measure the level of efficiency, effectiveness and sustainability of websites, smart applications, and government call centres.

Source – Khaleej Times . Read the full article here