WAQOV Property API
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Methodology

Data Freshness

Data is imported from the sources below in batches, not in real time. The newest transaction date is shown on the home page and returned by GET /api/v1/health as last_transaction_date, with data_age_days.

Data TypeUpdate FrequencySource
Property TransactionsIn batchesDLD via Dubai Pulse
Rental Contracts (Ejari)In batchesDubai REST
Building DataMonthlyDLD Mollak
Broker DataMonthlyRERA
Developer DataMonthlyDLD
Service ChargesQuarterlyDLD Mollak
Makani EntrancesAs publishedDubai Municipality

Rental Yield Calculation

Gross Rental Yield = (Annual Rent / Property Value) x 100

  • Annual rent is the average of Ejari contracts for the building/area
  • Property value is the average sale price from recent transactions
  • Only buildings with both sales and rental data are included
  • Minimum 5 transactions required for reliable yield calculation

Market Analytics

Price Trends

  • Monthly average prices computed from completed transactions
  • Excludes outliers (transactions below 10th or above 90th percentile)
  • Year-over-year comparison uses same-month data

Seasonality

  • Quarterly patterns based on 3 years of historical data
  • Identified by comparing each quarter's volume to the annual average

Developer Market Share

  • Calculated as developer's transaction volume / total market volume
  • Excludes mortgage-only transactions

Area Comparisons

  • Statistics computed per area_name_en
  • Minimum 10 transactions for statistical significance
  • Excludes areas with insufficient data

AI Methodology

Property Analysis

  • Input: Transaction data + area comparables + price trends
  • Processing: AI model generates narrative analysis
  • Output: 2-3 sentence professional analysis
  • Validation: Response checked for relevance and accuracy

Market Reports

  • Input: Area statistics + top projects + YoY trends
  • Processing: AI model generates market summary
  • Output: 3-4 sentence market analysis
  • Validation: Data-backed, no speculation

Rent vs Buy Analysis

  • Input: Sale prices + rental data + yield calculations
  • Processing: AI model compares financial merits
  • Output: 3-4 sentence investment analysis
  • Validation: Based on actual data points only

Data Sources

SourceDataLicense
Dubai Land DepartmentTransactions, Buildings, DevelopersDubai Open Data
Dubai REST (Ejari)Rental ContractsGovernment Open Data
DLD MollakService Charges, CoordinatesGovernment Open Data
Dubai MunicipalityMakani Entrances, Coordinates, MGRSPublic Open Data (attribution required)
RERABroker LicensesPublic Registry

Accuracy & Limitations

  • Transaction data may have delays of 1-7 days from registration
  • Some transactions may be missing building or project associations
  • Rental data coverage varies by area (Dubai Marina: high, outskirts: lower)
  • AI analysis is based on available data and may not capture all market factors

Contact

For methodology questions: [email protected]

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