A budding start-up in Dubai is set to transform the lead-generation industry with groundbreaking strategies in the real estate market of the GCC. By leveraging advancements in artificial intelligence, Web3, and ChatGPT, these Web3-enabled start-ups are ushering in a significant change in a sector that has long relied on traditional methods for generating sales leads.
Introducing Tripler, an AI and ChatGPT-driven start-up that aims to revolutionize lead generation by providing authentic, real-time sales leads for conversion. These leads will assist sales teams in closing deals and securing Sales and Purchase Agreements (SPAs).
Adopting AI and ChatGPT-generated sales leads from platforms like Tripler.com may force some brokers to exit the business. However, this change could streamline sales processes across the land and real estate sectors. Dubai-based real estate brokers will benefit most from these technological advancements. Tripler.com, founded by UK-based British-Indian serial entrepreneur Sam Singh, is at the helm of this movement.
Singh believes that the UAE is an ideal location for tech companies focused on the real estate industry to thrive. As the sector continues to grow, innovative property solutions are just now beginning to enter the UAE market.
Kamco Invest's report from December 2022 revealed that real estate sale transactions in the GCC from January to October 2022 totaled $143.1 billion (Dh524.81 billion), with Dubai and Abu Dhabi accounting for over 48 percent of the transaction value. This surpassed the entire transaction value of 2021, which reached $137.4 billion.
For property developers and brokers, generating sales is the primary challenge. Traditional marketing methods, including advertising, billboards, print media, public relations, cold calls, SMS marketing, email marketing, and digital and social media, have received millions of dollars in investments. However, the critical factor is generating credible sales leads that can be converted into actual sales. The success or failure of a real estate project, whether residential, commercial, or retail, depends on sales.
According to Singh, Tripler is the first lead conversion platform in the world powered by AI. It has received financial backing from early investors in Uber and the BOOHOO group from the UK and support from the UK government for AI research and development.
Tripler employs state-of-the-art technology using algorithmic matching to connect property buyers with the most appropriate agents and properties. This eliminates the traditional method of searching for the right agent and visiting multiple properties before finalizing a deal. Tripler's algorithms and machine learning capabilities link buyers to property agents with a high likelihood of successful transactions, streamlining the buying process.
By harnessing AI, machine learning, and algorithmic matching, Tripler significantly increases the chances of a successful property transaction, effectively tripling the odds. This technology also plays a critical role in streamlining the buying process and reducing any friction involved.
