Pioneering property portal Bayut has further revolutionised the hunt for a new home or real estate investment by leveraging the latest artificial intelligence technology.
It has unveiled BayutGPT - the world's first AI-powered property search assistant - to help make the inconvenience of drop-down menus a thing of the past.
As home-seekers crave more convenience, this new feature is designed with one primary goal, which is to assist property searches on Bayut in a ‘conversational manner’, while offering data-enriched recommendations.
BayutGPT empowers property seekers, be they online searching for an apartment, a villa or something in between, with a revolutionary tool that simplifies the vibrant, extensive and sometimes complex UAE real estate market.
Recent years have seen Bayut pioneer industry-leading innovations in the Prop-Tech domain via multiple solutions that are tailored to meet the evolving needs of the market.
BayutGPT follows the portal’s previous industry-defining products such as TruCheck and Search 2.0.
At a time when the UAE’s property purchasing, sales and rental market is booming - and AI is the talk of the modern world - Bayut developers have married the two and sought to further seamlessly integrate their intuitive technology into the property search experience.
BayutGPT is described as the region’s first cutting-edge AI-powered property search assistant and further refines the portal’s already advanced property search experience for a diverse user base.
Haider Khan, head of Dubizzle Group Mena, welcomes the introduction of the tech as a logical milestone.
“BayutGPT is a product of our innate understanding of the future needs of our users and offers a unique, simplified experience, in a conversational manner, powered by AI to address consumer needs and promote one of the most active industries in the region.
“While this is an important step for the region’s real estate industry and global PropTech firms, it is certainly not going to be our last.”
He continues: “We will continue to invest in this emerging technology and build its capabilities to match the changing needs of our audience, staying at par with the vision of our remarkable leaders.”
The company says that by harnessing the power of artificial intelligence, it has again taken an important step towards maintaining its competitive edge in the ever-evolving real estate landscape.
And at a time when the portal carries more than 130,000 listings, the enhancement could prove invaluable.
BayutGPT is here to help curate your property search journey and answer your questions, whether you are a first-time buyer, a seasoned investor, or simply exploring the market to identify and locate the places to rent or buy in the future.
Users can ask questions to discover more about the average rental yields in different communities, find the current popular locations in Dubai, the availability of bedroom types in specific locations, and even request personalised property recommendations based on user preferences.
Essentially, BayutGPT not only enables Bayut - which is part of Dubizzle Group - to connect buyers, sellers and tenants. It also offers a more interactive and personalised journey for those navigating one of the world’s most dynamic real estate markets - and with a lot more ease of delivery.
Mr Khan adds: “As a unicorn, the Dubizzle Group has scaled our businesses by focussing completely on the evolving needs of our consumers.
“By keeping a close eye on the changing needs of our users, particularly property seekers who often struggle to navigate the complicated landscape of the UAE market, we have been successful at proactively building solutions before our users even realise they need them."
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
The bio
His favourite book - 1984 by George Orwell
His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard
Favourite place to travel to - Peloponnese, Southern Greece
Favourite movie - The Last Emperor
Favourite personality from history - Alexander the Great
Role Model - My father, Yiannis Davos
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Kat Wightman's tips on how to create zones in large spaces
- Area carpets or rugs are the easiest way to segregate spaces while also unifying them.
- Lighting can help define areas. Try pendant lighting over dining tables, and side and floor lamps in living areas.
- Keep the colour palette the same in a room, but combine different tones and textures in different zone. A common accent colour dotted throughout the space brings it together.
- Don’t be afraid to use furniture to break up the space. For example, if you have a sofa placed in the middle of the room, a console unit behind it will give good punctuation.
- Use a considered collection of prints and artworks that work together to form a cohesive journey.
The biog
Name: Marie Byrne
Nationality: Irish
Favourite film: The Shawshank Redemption
Book: Seagull by Jonathan Livingston
Life lesson: A person is not old until regret takes the place of their dreams
