In today’s competitive real estate market, being a specialist in an area is crucial to success. Be it a buyer or a seller, people prefer working with someone who knows an area inside out – an area expert armed with data and knowledge that can make their property transaction a breeze.
An area specialist’s most potent tool is data, and who better to share data than Bayut, the UAE’s biggest property portal? Our platform is all about data – both for property seekers and agents – to educate visitors on the UAE property market. If you’re an area specialist looking for resources to advance in your career, keep reading to find the top four tools Bayut offers to help you nail your game.
Dubai Transactions
Powered by the DLD, Dubai Transactions offers last-sold property data on both rental and sales transactions in Dubai. That’s right; you can use this feature to see all the transactions in your area of specialisation for any specified time period (using the filters available).
If you’re a buyer’s agent, this data can help you educate your clients on real-time property prices in an area – thus helping them make informed decisions. If you’re a seller’s agent, this data is extremely helpful when creating a Comparative Market Analysis, and setting the right expectation regarding listing price.
You can find Dubai Transactions on Bayut’s home page. Now, let’s break down the data you can find on Dubai Transactions:
FOR LEASING AGENTS
Leasing agents working with landlords or tenants can see all the rental transactions in Dubai on Dubai Transactions ‘rent’ section. Highlights include:
- Transactions across Dubai from the last 12 months
- Filters allow you to view properties based on location, property type, and number of bedrooms.
- Transactions at the building level.
- Transactions show the unit/villa number, and whether the rental is a renewal or new contract.
FOR SALES AGENTS
Sales agents working with buyers and sellers can use last-sold transaction data to educate their clients, create CMA’s, and understand market trends and demand. Let’s look at the highlights of what Dubai Transactions offers for sales agents:
- Sales transactions across Dubai in the last 12 months across Dubai
- Filters that allow you to filter properties based on location, property type, number of bedrooms and rent – and the total sales prices
- Filters can be used to look up the sales transactions on a building level. This can be great when comparing prices of similar units (for creating CMA’s and listing presentations).
In addition, data from Dubai Transactions is excellent for creating content for social media, such as ‘check out property prices in Dubai Hills’ popular buildings’. Check out our guide to acing social media for realtors to learn about creating content that adds value to your audience.
Property History
Showcase your expertise in an area by providing clients with historical property data (both rental and sales), available on Property History on Bayut’s listings.
Available on most listings, simply search for the property on Bayut and click on any listing with the “HISTORY” icon next to the TruCheck™ icon. Then, scroll down the listing to reach the Property History section.
The Property History section on Bayut shows the sales and rental history. In this same area, one can see the property’s history, i.e. the last rents and sale prices of the property, price trends in the area, average annual rent in the area, and popular buildings in the area. This helps you become a true specialist as you know your area’s history, popular buildings, etc
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Area and Building Guides
If you want to sound like a natural expert in an area, you should be able to talk about the nearest metro stations, supermarkets, highways, and other top attractions.
Start your initial research about your area of service using our handy resource – Bayut’s Area Guides. These guides offer in-depth information about an area’s highlights, top developments and developers, rent and sale prices, accessibility and attractions. All this knowledge can come in handy when talking to your next clients.
Apart from Area Guides, Bayut also has School Guides and Building Guides. Building Guides are excellent for learning about a building’s amenities. For example, essential details about the parking, number of floors and facilities like the gym, pool or sauna can be found on Building Guides.
School Guides can be a great resource when working with parents or families looking to relocate to the UAE. These guides have details about school syllabuses, fee structure, school facilities and more.
Floor Plans
The best resource to learn about a unit is a floor plan – a blueprint of the property, depicting measurements, furniture, appliances, or anything else necessary to understand the layout.
Bayut offers a host of resources to access the floor plans in a building – with the Floor Plans section. You can find the Floor Plans section on the Bayut home page.
Simply type in the name of the building you want to learn about, and you’ll be able to see all the floor layouts available in the building.
Bayut offers 2D and 3D floor plan options, helping you get a thorough understanding of the property’s layout. As an area specialist, knowing the types of layouts in a building can be great talking points when discussing the property with your clients.
Make the most of the tools and resources available to you and become well-versed in your area, to guarantee repeat business. You can also refer to our resources on our Content Corner to learn more tips and strategies to elevate your real estate business.