Build a Real Estate App Like Property Finder: Factors, Features & Cost

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Digixvalley

Build a Real Estate App Like Property Finder

Global investors are increasingly drawn to the real estate market in the United Arab Emirates (UAE). It is projected to grow at a compound annual growth rate (CAGR) of 3.36%, reaching a market value of $0.46 trillion by 2029.

This dynamic expansion, fueled by a strong economy and rapid urbanization, is driving a surge in real estate app development. One of the leading players in this digital transformation is Property Finder, a highly popular real estate app.

If you’re considering building a real estate app in the UAE akin to Property Finder, you’re in the right place. In this article, we’ll explore the key steps to creating an outstanding real estate application. Let’s dive in and see how you can turn your vision into reality!

3 Reasons to Invest in Real Estate App Development Like Property Finder

Here are some compelling reasons to invest in real estate app development in the UAE, similar to Property Finder:

1. Growing Consumer Preference for Digital Solutions

According to a study by NAR, 96% of home buyers utilize online tools during their search, and 60% of those searches occur on mobile devices.

With the convenience and accessibility of digital platforms, consumer preferences for real estate transactions are shifting. Apps like Property Finder allow users to research, compare, and even take virtual tours of properties—all from their smartphones.

Investing in a real estate app will cater to tech-savvy consumers, meet rising demand, and position your business as a leader in the digital real estate space.

2. Broaden Your Market Reach and Enhance User Engagement

The global commercial real estate software market was valued at $50 billion in 2023 and is projected to grow to $87.66 billion by 2031.

A real estate app allows you to expand your audience, including international buyers, and extend your market reach beyond traditional boundaries.

Features like push notifications, interactive maps, and personalized recommendations keep users engaged and informed, driving higher conversion rates.

Apps like Property Finder use advanced algorithms to match users with properties that suit their preferences, creating a tailored experience that encourages repeat business.

3. Lucrative Revenue Opportunities

The global real estate software and apps market was valued at $3.813 billion in 2024 and is expected to reach $4.6446 billion by 2031.

Developing a real estate app like Property Finder opens up various revenue streams, including in-app advertisements, premium listings, and subscription models that offer access to exclusive features.

The real estate app market is anticipated to experience substantial growth in the coming years, with billions in global real estate IT investments expected annually.

Offering value-added services such as mortgage calculators, legal advice, and agent matching can help you effectively monetize the app and ensure a healthy return on investment.

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Top 12 Features to Incorporate into a Real Estate App Like Property Finder

Next, let’s explore the essential features you should consider integrating into your real estate app. Here are the key functionalities to keep in mind:

1. Property Listings

Property listings form the backbone of any real estate app. This section provides a comprehensive database of properties across various regions, complete with images, prices, locations, and property types.

Well-organized listings enable users to browse multiple options effortlessly, helping them navigate different property types and select the one that best suits their needs.

2. Property Details

Each property listing should include detailed information such as size, amenities, number of rooms, and other relevant specifications.

It’s essential to showcase properties with high-quality images, virtual tours, and thorough descriptions. This detailed information allows buyers to gain a clear understanding of the properties they are interested in.

3. Advanced Search Filters

Advanced search filters empower users to refine their results based on criteria like location, price range, property type, and number of bedrooms.

These filters enhance the user experience by providing more precise results, making it easier for users to find exactly what they’re looking for.

4. User Reviews & Ratings

Incorporating a review and rating system fosters trust by allowing users to read feedback from previous tenants or buyers. This feature also helps property owners and agents establish credibility.

5. Mortgage Calculator

Including a mortgage or rent calculator gives users an estimate of their monthly payments. They can easily input property price, loan amount, down payment, interest rate, and payment tenure to obtain accurate figures. This feature aids buyers in evaluating their affordability.

6. Geo-Location Feature

A geo-location feature shows properties near the user’s current location or within a specified area. It also highlights nearby amenities like supermarkets, hospitals, and schools, enhancing the overall user experience.

7. Automatic Rent Reminders

This feature sends notifications for upcoming rent due dates, helping users avoid late payments. It’s particularly beneficial for renters and property owners managing multiple tenants.

8. Saved Searches & Notifications

Users can save their search criteria and receive alerts when new properties that match their preferences become available. This ensures they won’t miss out on great deals.

9. Interactive Maps & Neighborhood Insights

Integrating interactive maps and neighborhood insights allows users to explore property locations in depth. This includes information on nearby amenities, transportation options, schools, and hospitals, enabling buyers to make informed decisions before renting or purchasing.

10. Schedule Property Visits

A built-in scheduling feature lets users book property visits directly through the app, making it convenient to coordinate with agents or property owners.

11. Push Notifications

Push notifications keep users informed about new listings, price reductions, upcoming payments, or saved searches. Timely alerts enhance user engagement and retention.

12. Language & Currency Support

Incorporating language and currency conversion features allows users to customize their experience based on their preferences. This capability helps cater to a broader audience, providing added convenience and support.

10 Factors Influencing the Real Estate App Development Cost

Here are some key factors that can impact the development cost of a real estate app. Understanding these will help you set your project budget effectively.

Let’s Explore:

1. Scope & Complexity

The complexity of your app’s functionalities directly affects development costs.

A basic app with straightforward features, like user registration and property listings, will be less expensive to develop. Conversely, a more advanced app that includes AI-driven recommendations, virtual property tours, and mortgage calculators will incur higher costs due to the increased time and effort required.

2. Platform

The choice of app platform also plays a significant role in development expenses. Decide whether you want to develop for iOS, Android, or both.

Native apps, built specifically for each platform, offer better performance but come at a higher price. On the flip side, cross-platform solutions (using frameworks like React Native or Flutter) can lower costs, although they may limit access to certain device features.

3. UX/UI Design

UX/UI design is crucial for real estate apps, ensuring easy navigation and quick access to information. A basic design will cost less compared to a custom design featuring intricate animations and transitions.

4. Tech Stack

The technology stack you choose for the frontend, backend, and database management greatly impacts the app’s performance and cost. A solid tech stack is essential for integrating third-party APIs such as map services, payment gateways, and chatbots.

5. Features & Functionalities

Features and functionalities form the foundation of any mobile app, including real estate apps. Basic features like property listings, user profiles, and search filters will keep costs lower.

However, advanced functionalities such as virtual tours, augmented reality views, and AI-based recommendations can significantly increase costs due to the specialized expertise and time required.

6. Team Size

The size of your development team is another important factor in determining the overall cost. Larger teams working under tight deadlines can drive up expenses, while smaller teams with longer timelines might offer more flexibility and cost control.

7. Location of Development Team

The location of your development team also affects costs, as it varies based on the local cost of living.

Onshore teams (within your country) typically come with higher expenses than offshore teams (in regions like Asia or Europe), although the latter may present challenges in communication and time zone coordination.

8. Security & Compliance

Real estate transactions are sensitive in nature, making it essential to protect personal data and comply with regulations such as GDPR.

Implementing strong encryption, secure payment systems, and conducting regular security assessments are necessary, despite the associated costs, to ensure long-term success.

9. Testing & Quality Assurance

Testing and quality assurance (QA) are critical components that significantly influence the development cost of a real estate app.

Thorough testing ensures the application runs smoothly without bugs, providing users with a seamless experience. This often involves a dedicated team of testers and various testing methods, including unit, integration, and user acceptance testing.

Although comprehensive testing may be costly upfront, it saves money in the long run by reducing post-launch issues, enhancing user satisfaction, and boosting app reliability—all vital for the app’s long-term success.

10. Marketing & Maintenance

After launching your real estate app, ongoing maintenance and marketing are essential.

Marketing efforts such as digital advertising, SEO, and user engagement strategies help your app reach a wider audience.

Additionally, regular maintenance—covering updates, bug fixes, and new features—will incur continuous costs, all of which influence the overall development expense.

How Much Does it Cost to Build a Real Estate App Like Property Finder?

The average cost to build a real estate application similar to Property Finder typically ranges from $20,000 to $300,000 or more.

Numerous factors affect the development cost, including UX/UI design, tech stack, features and functionalities, and more.

Refer to the table below to see how complexity impacts real estate app development costs. For an exact estimate tailored to your project, connect with Digixvalley Experts.

Top Monetization Strategies to Include in Your Real Estate App

Once you’ve developed your real estate app, it’s time to explore ways to monetize it effectively.

  1. Subscription Plans

The subscription model is a popular monetization strategy embraced by many businesses, including real estate apps, as it creates a steady stream of revenue.

You can offer a free version of your app with basic features, while users can pay a fee to unlock advanced functionalities.

Subscription plans can be structured on a monthly, quarterly, or yearly basis, allowing users to select the plan that best fits their needs.

2. Premium Listing

Another effective monetization strategy is premium listings. This allows property sellers to pay for featured placements, ensuring their profiles and listings appear at the top of search results. Sellers can enjoy the benefits of premium listing until their paid plan expires.

3. In-App Advertising

In-app advertising is an excellent way to monetize your app by displaying relevant ads from third-party brands or businesses. You can charge a fee to showcase their products or services within your real estate app. Just be sure to feature relevant advertisements that won’t annoy your users.

4. Commission-Based Model

The commission-based model is a traditional yet effective way to earn money from real estate transactions. You can take a percentage from each successful real estate deal that occurs through your platform, generating revenue directly from your app as an aggregator.

Partner With Digixvalley to Build a Robust Real Estate App Like Property Finder

Partnering with Digixvalley, a leading real estate app development company, can turn your vision into reality. We’re here to help you tap into the lucrative real estate market with an innovative app like Property Finder.

Our team of experts specializes in creating feature-rich, customized real estate applications designed to meet your specific business needs.

At Digixvalley, we prioritize delivering solutions that are scalable, secure, and aligned with the latest industry standards. By choosing us as your mobile app development partner, you gain a team that is dedicated to understanding your business goals and working tirelessly to exceed your expectations.

Let’s Build Something Great Together!

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