DUBAI 23 February 2021: Dubai Land Department (DLD) has launched the second phase of its “Smart Valuation” initiative that includes buildings and villas.
The initiative, which was launched in September 2020 to cover real estate units in the first phase. Since its launch, around 1,700 units have been valued.
Within the initiative’s second phase, all villa and building valuations will be immediate, and the procedure will not be presented to the valuation committee.
The initiative uses artificial intelligence in the smart valuation process.
The smart valuation process, whether for real estate units, villas or buildings, is available on the Dubai REST smart app. DLD’s customers can download the app via the App Store and Google Play to benefit from the service.
Conducting the valuation is handled through Dubai REST, starting with establishing the type of user, determining the means of entry, submitting the ID number, and receiving an SMS with the verification number. Once all the data of the owner and that of the owned real estate appears, the user would select the property to be valuated for its data to be displayed.
After that, all the required documents must be submitted and the fees paid through the Noqodi wallet; a confirmation of the payment process will be generated. The process concludes with the delivery of the valuation certificate to the customer.