What is the AI Fair Price?
It's an automated estimate of a unit's fair value based on real-time comparison with similar units currently listed or recently sold in the same make or neighborhood. We show a range (low – mid – high) rather than a single number, to give a realistic picture of Egypt's resale market.
How do we compute it?
- Data collection: we analyze thousands of active listings and recorded deals on the platform.
- Normalization: we compute price per square meter and adjust for floor, age, finish, and view.
- Matching: we find the nearest 30 comparable units in the same make — or nearby makes if not enough.
- Estimation: we compute a weighted average and deviation to produce the price range.
- Confidence: the more comparables available, the higher the confidence score (0–100%).
Why a range, not one number?
In Egypt's market, units in the same building can differ in price because of floor, view, and finish. A single number implies false precision. A range reflects reality.
How to use it
- As a seller: set a competitive asking price that sells fast without leaving money on the table.
- As a buyer: negotiate confidently, knowing whether the asking price is above market.
- As a dealer: deliver data-backed pricing advice to your client.
Limits of this service
The AI Fair Price is not an official valuation. It does not replace a certified appraiser's report required for banking or court purposes. It is a decision-support tool.
Data refresh
The Fair Price is recomputed automatically every 6 hours to reflect the latest market movement.