dubai-appartments-price-prediction-scrapping
This project is aimed at finding a model that helps users (i.e. Authorities and Individuals) find useful price related insights on the Real Estate market in Dubai. The current issue is that pricing and valuation is done based on the market demands and with a surplus of supply compared to demand, it becomes even more difficult and competitive to price these properties. Some areas, that are highly attractive, have higher prices compared to other properties that might be even better in terms of transportation, and services available around it. The model that is proposed, helps the users to make informed decisions when it comes to purchasing or regulating the prices so that prices are not inflated, and constructions is distributed more evenly across the Emirates. This might provide the Emirate with a more stable real estate market and the residents with better information at hand. This might also aid investors in selecting valuable properties to invest in and locations for construction. It can also help property managers in properly pricing their units based on their location and give them a competitive advantage. Moreover, new properties can use the tool to determine the prices they should place on their properties based on several factors such as location, age, unit type, floor level and other factors as well. Other benefits from the model could be extracted to provide other valuable pieces of information to the stakeholders