Meet Reem AI, ViewIt’s dedicated data analyst and real estate expert, representing a new era in Abu Dhabi’s property technology landscape. Named after the Arabic word for ‘gazelle’, Reem embodies the swift, precise, and graceful approach to real estate analytics that ViewIt has bought to the market with our various other products, including Viewit AI, Dubai’s first and only virtual real estate agent.
Why and how was Reem AI created?
Reem AI was created when the core team at Viewit, Hamdan Mohammad and Iftekhar Ahmed, where the top 10 finalists in the Open Data Spark Hackathon in Abu Dhabi and had to create an innovative, creative and AI based solution using Abu Dhabis open data sets.
What is Reem AI?
Reem AI stands out in Abu Dhabi’s PropTech sector by offering comprehensive data analysis across multiple real estate segments. It can answers questions such as ‘what’s the year-on-year change in apartment sales prices?’ or ‘what is the current average sales price per square foot for apartments in Abu Dhabi?’ among many more. You can see a short demo of the platform below;
The platform excels in tracking real-time market movements, offering detailed insights into both sales and rental markets. Our database access to Abu Dhabi’s real estate market transactions allows Reem AI to monitor price variations across different property types, providing monthly, quarterly, and annual comparisons. This granular approach to data analysis helps users identify market trends with precision and backed by data from Abu Dhabi Real Estate Centre (ADREC), Abu Dhabi’s real estate regulatory body.
District Development Mapping is one of Reem AI’s key strengths is its detailed tracking of building completions across Abu Dhabi’s districts. For example, the platform has identified Mohamed Bin Zayed City as a leading area for new developments, followed by significant activity in Al Shamkha and Saadiyat Island. This information proves invaluable for investors seeking growth opportunities in emerging neighborhoods. Demographic Insights ViewIt’s demographic analysis tools offer unique insights into housing preferences among local and non-local families in Abu Dhabi.
What’s next for Reem AI?
Our roadmap for Reem AI includes providing granular real estate transaction data that spans the Emirate of Abu Dhabi, allowing users to query the platform for the most recent rental and sale transactions and compare it to historical data, allowing the public to make informed decisions backed by ADREC data.
We at Viewit are always pushing new innovations in the local real estate market, allowing users to gain valuable insights into the industry using AI and data. Watch this space; we have a lot more in store!
For those interested in experiencing Reem AIs capabilities firsthand, the application is now live on the Viewit website here: https://viewit.ae/virtual-agent.