If you're a Dubai real estate broker researching property intelligence tools, you've probably come across Refty.ai. They market themselves as an "AI-powered property intelligence" platform for UAE brokers.
But is it worth the $12,000 to $18,000 per year they charge? Let's break it down honestly.
What Refty.ai Offers
Based on our research, Refty.ai provides:
- โ AI-powered ROI property search
- โ Property number discovery
- โ Multi-platform data aggregation (PropertyFinder, Bayut, etc.)
- โ Chrome extension and Telegram bot
- โ Investment analytics dashboards
These are solid features. But here's where it gets interesting...
The Problem with AI Estimates
Refty.ai relies heavily on AI-generated estimates for property valuations. This means their data is based on:
- โ Listing prices (not actual sale prices)
- โ Algorithmic predictions
- โ Historical patterns that may not reflect current market
"AI estimates are educated guesses. In Dubai's fast-moving market, a 10-15% valuation error can cost your client hundreds of thousands of dirhams."
Refty.ai Pricing Breakdown
While Refty.ai doesn't publish exact pricing on their website (a red flag for transparency), based on market research and user reports:
| Plan | Estimated Cost | Per Month |
|---|---|---|
| Individual Broker | $12,000/year | $1,000/month |
| Small Team (3-5) | $15,000/year | $1,250/month |
| Agency (5-10+) | $18,000+/year | $1,500+/month |
For a solo broker making 3-5 deals per year, that's a significant portion of your commission going to a single software tool.
The Missing Element: Official DLD Data
Here's what Refty.ai doesn't mention prominently: they don't use official Dubai Land Department (DLD) transaction data.
Why does this matter?
DLD Data vs AI Estimates
- DLD Data: Actual sale prices registered with the government. 100% accurate.
- AI Estimates: Predictions based on listing prices and algorithms. 75-85% accurate at best.
When you're advising a client on a AED 2 million property, a 15% error means AED 300,000 difference. That's not acceptable.
Refty.ai Pros and Cons
โ Pros
- Established platform with claimed 500+ users
- Multiple tools (Chrome extension, Telegram bots)
- Good UI/UX design
- Multi-platform data aggregation
โ Cons
- Extremely expensive ($12,000-$18,000/year)
- No pricing transparency on website
- Relies on AI estimates, not official DLD data
- No public blog or educational content
- Enterprise-focused, not friendly to solo brokers
Are There Alternatives?
If you want the same property intelligence features but with:
- โ Official DLD data (not AI guesses)
- โ Transparent pricing ($499/year, or $249 pre-launch)
- โ Free customizations included
- โ Building-level search by official building numbers
Then you should consider FalconPro, which offers all of this at 36x lower cost.
Our Verdict
Refty.ai is a capable platform, but it's overpriced for what it offers. The reliance on AI estimates instead of official government data is a fundamental flaw for serious Dubai brokers who need accuracy.
If you're an enterprise-level agency with budget to spare and don't need official DLD data, Refty might work for you.
If you're a solo broker or small team who wants accurate data at a fair price, look at alternatives powered by official Dubai Land Department records.
๐ก Bottom Line
Refty.ai Rating: 3/5 stars
Good features, but the high price and AI-only data make it hard to recommend when better alternatives exist at 1/36th the cost.