How much Does it Cost to Build a Real Estate App Like Bayut?

• The property is within my budget. However, the interior of its kitchen is sloppily designed
• There is nothing wrong with this property. Rather, it is all that I need. But, is it not way too pricey?
• I do not know. I always wanted a more roomy and airy property. This one is kind of stuffy and dark

When it comes to buying and renting a property, you can not get it right in one single go. How can you if you have not slouched in exhaustion from one property to another and to another? 

If you agree with all that we have just said now, we regret to inform you that you have entered the wrong parallel universe. This universe has well-crafted real estate apps like Bayut which resolve to address all your concerns with regard to buying and selling of property at one single place. 

Do not be shocked. We are not bluffing. We understand how exciting the idea of real estate apps sounds. Therefore, if you are someone who wants to build a real estate app like Bayut, we are not amazed. Real estate apps are very promising and hold the ability to transform the whole real estate market. 

We know how eager you are to know the cost analysis of building a real estate app like Bayut. Before we plunge into doing so, let’s just get a brief understanding of Bayut and its working mechanism.

What is Bayut?

As far as real estate in UAE is concerned, Bayut is an ultimate game-changer. Established in the year 2008 by diligent Khan brothers, Bayut is a one place destination for buying, selling, and listing of properties in UAE. 

In simple words, if a consumer is looking to purchase or rent an accommodation, they can do so via Bayut as all the verified properties across UAE are comprehensively listed on it at accurate market prices. A consumer can use a plethora of filters available to narrow down his/her/their property options and finally select the one that has been made especially for him/her/them.  

Not just that. If a seller is looking to sell property and could not find eligible buyers, Bayut is the cure to all his/her/their problems. All he/she/they have to do is to post vivid pictures as well as videos of their property and give an elaborate description. Comprehensive information acts as a very persuasive pitch to the buyer and assists the buyers in making informed decisions. 

For buyers, Bayut makes things pretty easier by offering you an estimate of the time it will take for you to commute between the listed property and other destinations.  

What are the diverse types of apps that function in the real estate industry?

There are several stakeholders when it comes to the real estate market arena. Therefore, it is possible to have as many apps as there are stakeholders or to have a single app that caters to the singular needs of every single stakeholder. We have elucidated below the various varieties of real estate apps that you can successfully integrate into one single real estate app of yours –

• Buying/Renting App – 

As the name suggests, such apps target potential buyers and lessees by offering them countless property listings in and around a desirable location. A user of such apps may use many significant filters in order to pin down their options and come to one suitable choice.

• Real Estate Agents’ App – 

Another important stakeholder in the real estate market is a broker. By offering an app to a broker as a platform to market his/her/their services, you are sitting on a gold mine.

• Property Management App – 

Through such apps, you can facilitate a user in management of numerous properties. A user can track the payment of rent, maintenance requests and much more.

What are the must-have features to Build a Real Estate App Like Bayut?

If you think that is just what Bayut is, you are absolutely mistaken. It is much more than that. We are listing below the diverse features of Bayut that you would really want in your real estate app – 

• Search Feature and Databases – 

If we were to build a real estate app like Bayut, we would have ensured that the comfort of the consumers remains at the top of our list of priorities for our real estate app. 

When you ensure comfort for a buyer/lessee from the time he/she/they decide to search to buy/rent property on your app, just be assured that you have ruled his/her/their hearts. Offer as many significant filters as you can to help them to narrow down their options so that they can make an easy choice. We have listed some essential features that you must consider to add on to your search functionality – 

• Location
• Price
• Area coverage
• Number of bedrooms
• Number of bathrooms
• Type of property
• Year of construction
• Mortgage calculation
• Neighbourhood essentialities

• Map Integration – 

We know that you must have already thought about integrating diverse map APIs for your real estate app. Wait, have you not? But why not? 

Having robust map integrations for your real estate app is quite fruitful. Firstly, your users will get a ready route to a property they like. Secondly, they can probe the neighbourhood and check whether educational and health institutions are in the vicinity. Lastly, your users can estimate the distance between the desirable property and various other places right there on the app. 

It is, for sure, that your app can not do without integration with relevant Map APIs. There are many prevalent players in the market that offer customised mapping solutions for app development. Google Maps, MapBox, and OpentStreetMap are some examples. We have mentioned certain mapping APIs you cannot do without – 

• Maps API
• Roads API
• Places API
• Distance Matrix API
• Directions API
• Geocoding API

We recommend you to choose between Google Maps and MapBox which have been in cut throat competition with each other. Pick up any one of these two which ideally meets the demands of your app. 

• Social Media Integration – 

By integrating your real estate app with popular social media platforms, you are doing your application a huge favour. You do not have to squander money over high profile marketing plans because your users will be doing it for you for free. How is that going to happen? We have stated it below –

• When you allow your realtors to showcase their property listing on their social media platforms, it not only helps them reach a potential user base.

• The prospective buyers on your app can also exhibit the property of their liking onto their social media accounts in order to secure an opinion from their closed ones and finalise the purchase.

• In both the cases, your app gets to make its name amongst a wider audience without incurring any additional cost

• Admin Panel – 

In the contemporary era, data is the king. We know that you know it fully. Therefore, a real estate app, or for that sake any app, without an admin panel will not make any sense.

An admin panel provides you with an intelligible form of data which you can use to strategize marketing and further your app. There are ready-made admin panels available which you can tweak a bit to make it more in alignment with your app’s purpose. We have stated below the diverse ways you can use your admin panel – 

• Detailed report and analysis of user activities
• Management of property listings
• Thorough analysis of sales and revenues
• Bank and other credit information of the user

• Mortgage Calculator – 

What if your users can know how exactly buying that house will affect their financial health? How incredibly cool it is?

Incorporating a mortgage calculator into your real estate app will help your users to determine the monthly instalments they would have to pluck out of their incomes in order to finance the property they are thinking of purchasing. We have stated below some of the reasons why having a mortgage calculator in your app is a wise investment – 

• Through mortgage calculator, you are helping your users to make a more rational decision which will have an ultimate positive impact over their psychology.

• Of course, there will be no space of mistake in the calculation for the very obvious reasons.

• The buyers will be able to make a quick, and most probably, an affirmative decision.

• Quick Chatting – 

No, do not let your users wait for long hours to get answers to those shedloads of questions, big or small. They deserve better. 

Just render them the power of sending a message instantly to the concerned realtor and get answers to all those questions that have been bothering them. Choosing chatting as a medium of communication is better than call because – 

• Some people do simply prefer chat over call
• People can chat when they are travelling or are in between multiple meetings
• You can always refer back to a chat for quick recollection if you forget a part or two of the conversation

• CRM Solutions and Push notification – 

While data is the king, customers are the emperors. Taking note of the preferences of your customers will help your app in the long run. 

Therefore, we highly recommend you to have sophisticated Customer Relationship Management (CRM) software incorporated into your app so that you know your customers and their opinions with regard to real estate closely. Having a elaborate CRM system has the following advantages – 

• Better service
• Increased sales
• Improved app

You can always send personalised push notifications to your customers in order to engage them in business and make the sales happen.

Also, read: Ultimate Guide To Cost To Develop a Real Estate Crowdfunding App Like Fundrise

What do you need to do to Build a Real Estate App Like Bayut?

No, developing a real estate app is not a child’s play. It involves a very comprehensive process in order to build an app that efficiently delivers what it intends to do without any glitches. 

To further rationalise things for you, we have delineated the development process of a real estate app like Bayut – 

• Research – 

There are many apps in the market that zealously address the concerns of one or many stakeholders involved in the real estate market. If you want to thrive, you can not create just any other real estate app. You have to create an app that outshines all other apps. 

To do so, just leave everything and dive into profound research. We have given below some pointers to give you one or two cue about what you need to research – 

• Current movement in the real estate market
• Existing real estate apps and their respective user base
• General and exclusive features of all these apps
• Performance of all the apps in terms of revenue
• Consumer problems and psychology in the real estate scenario

• Aim – 

When you are convinced that you know everything you need to know about the real estate domain in general and property apps in particular, you are all ready to set an aim. 

Follow the steps given below and get closer to your target consumer base – 

• Pick one consumer problem that has enthralled your interest and has not been touched upon by the other existing apps

• Pick a consumer problem, which even though has been addressed by an app or two, but rather carelessly

• You can always amalgamate two or more of the consumer issues, if you want and can offer a collective solution to them. Make sure that the issues you choose are relevant to the real estate context, otherwise the consumerbase may be rendered confused

• Come up with as creative and viable solutions as possible so that it would be easy for your app to stand apart from other apps

• Read the previous section again and prepare a list of features crucial to the efficiency of the app

• List – 

What is there to offer on a real estate app to a likely buyer or a lessee if not for the property listings? Therefore, as soon as you have set your aim right, kickoff the listing process.

Listing can be done in the following three ways –

• You can make use of Multiple Listing Services (MLS) which is simply a collective database of a group of brokers in a particular area. MLS is created in order to ease the process of selling/leasing out and buying/leasing in of properties.

• If MLS is not available in the areas you are targeting, then look out for a community of brokers who may have some collective data with them with regard to properties open for sale/lease. Such data may be unorganised, unlike MLS, but can reduce your listing work

• If nothing works out, you will have to individually list all the properties in the targeted areas. It may raise the time and the cost of the development of your real estate app

• It would be crucial for you to determine on a priority basis the ways you would want to update and verify your listings

• Hire – 

Your product concept is now defined. It is now time to take your app development to the next level, which is to hire a team of developers. 

How the hiring and development process will unravel is stated below. Take a look – 

• You will have to choose an app development company through a rigorous screening process

• After successful selection, get in touch with the company’s professional consultants and elaborately discuss your idea

• Plug loopholes, if any, in the app idea and remove unnecessary and unviable features

• Discuss all the variables that may affect the cost and take a look at the cost estimation given by the company

• The development process will as such begin. Make sure that you actively engage in the development process and take constant updates from your development team

• Also, give them feedback on daily basis so that the resultant app is exactly as you desired

• Keep a keen eye on consumers’ response to the app after it is released and get the glitches fixed by the development team as soon as you detect them

• Make sure that you app has been maintained and updated regularly

How much cost does it take to Build a Real Estate App Like Bayut?

Obviously, the cost of developing an is pivotal in the app development process. Usually, the cost to develop a real estate app like Bayut is $ 30000. However, this is a very general estimation and the cost may vary depending on endless factors. 

We have stated some factors below which directly affect the cost of developing a real estate app – 

• Size of the app – 

Size of a real estate app is directly proportional to the size of the app. In simpler terms, the bigger the app, the more the cost and vice-versa. 

• Features – 

Is it not obvious that a real estate app with more features will take more time to develop and hence, is costlier? It is as obvious as the fact that the more complex features, such as payment integration, will demand more expertise and time to develop, compelling you to loosen some purse strings.

• Platform – 

The platform you choose for your real estate app has a direct effect over its cost of development. When you choose iOS over android, you have chosen for your real estate app a more expensive app development process.

• Native or Cross-platform – 

If you chose to craft native applications for iOS as well as android operating systems, you would have to incur expenses for two separate development teams. On the other hand, the same is not the case for cross-platform app development, where only a single team of developers develop apps for both the platforms using a single codebase.

• Design – 

If you and your team of developers have decided upon a simpler design for your app, then your money is safe in your pocket. However, if a large number of features command that you incorporate complexity into your app design, then get ready to exceed your budget.

• Location of development – 

Whether your team of developers is located in India or the UAE says a lot about the cost of the app development. In labour-intensive countries like India, the cost of a developer-hour is way less than what it is in developed countries like the Dubai. Therefore, choose the location of your development team wisely.

The factors above are crucial drivers of the cost of building a real estate app like Bayut. While taking a precise estimation of cost, all these factors are kept an eye upon so that the cost of development of your app stays well within your budget.

Related Article: How Much Does It Cost to Develop a Real Estate App like Zillow?

All set to Build a Real Estate App Like Bayut?

As a top-notch app development company, iTechnolabs has only one prime objective – to make the dreams of its clients all real and powerful with its never-ending hunger for excellence. So, if you have this stellar, sleek and superb real estate app idea rotting in your mind, do not let it. Just reach out to iTechnolabs and give your ideas the wings to fly. 

With A-class developers who do not let a single app problem go unsolved, iTechnolabs have served a rich portfolio of clients spread world-wide. We have specially stunned our clients by developing sophisticated and speedy real estate apps with our ultra-modern technology and tools. Our professional consultants possess immense market knowledge to help you shape your idea and minimise the costs. 

Do not overthink. iTechnolabs is just a click away. Connect with us right now!