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What's This Dubai Apartment Worth?

From the neighbourhood, size, rooms and a long list of amenities, what price does this apartment's listing suggest? Investors compare it with the asking price before they bid.

Use caseFinancePredictionModel evaluation

The table

1,905 Dubai apartment listings with neighbourhood, coordinates, size, bedrooms, bathrooms and amenities such as a pool, gym or sea view, and the price. It's in Welt's research catalogue as Dubai Apartment Properties, 1,905 rows by 37 columns, licensed CC0: Public Domain. The catalogue measures its signal at 0.81. At 1,905 rows and 36 features, TabICLv2, Kumo Tabular Medium and Mitra-v2 take the table as it is. The others can't take a table this size, so the walkthrough leaves them out.

Walkthrough

  1. Load it from the catalogue

    Find the table, read its recorded target and print the column names.

    import pandas as pd
    from welt import Client
    
    with Client() as client:
        item = client.research_datasets(q="Dubai apartment properties", limit=1)["items"][0]
        info = client.research_dataset(item["id"])
        data = client.load_research_dataset(item["id"])
    
    target = info["targets"][0]
    target = target["name"] if isinstance(target, dict) else target
    print([column["name"] for column in info["schema"]], target)
  2. Pick the rows

    Set aside 20 rows to predict at the end, and keep the rest for the models to learn from.

    known = data.dropna(subset=[target])
    new_rows = known.sample(20, random_state=1)
    table = known.drop(new_rows.index)
  3. Compare the models and predict

    The models compete on the same folds against a simple guess, then the top-ranked one is fitted on the whole table. RMSE and MAE are average errors in the target's own units, so lower is better. The last table puts each prediction next to the real answer.

    with Client() as client:
        evaluation = client.evaluate(table, target, task="regression", seed=7,
                                     models=["tabicl-v2", "kumo-medium", "mitra-v2"])
        model = evaluation.fit()
    
    print(evaluation.summary()[["name", "rank", "rmse_mean", "mae_mean"]])
    features = new_rows.drop(columns=target)
    print(pd.DataFrame({"actual": new_rows[target].values, "predicted": model.predict(features)}))

What you get

A price estimateFor any listing.
What amenities are worthCompare predictions with and without each one.
A strong signalThe catalogue measures a high signal.

Try it

Use Open with to run the research datasets notebook in Colab, Kaggle or Jupyter and search for "Dubai apartment properties", or run the code above after pip install "welt-client[parquet]".