AI has become a new competitive sector for many companies operating in real estate.

Real estate experts have confirmed that the local market is currently witnessing an expansion in the use of Artificial Intelligence.

The Chairman of the Board of Directors of “W Capital Real Estate Brokerage”, Walid Al Zaraouni, stated the following:

“Dubai was a leader in developing a unique model based on modern technologies, including artificial intelligence and Blockchain, which contribute to shaping the future of the real estate industry.”

He added that “these technologies help in integrating digital solutions into construction projects to achieve more environmentally friendly real estate projects.
As well as improving operational efficiency and enhancing productivity throughout the real estate life cycle, which enhances competitiveness in the real estate sector.”

The CEO of “Al Soum Real Estate Company“, Sufyan Al Salamati, stated the below:

“Real estate markets are currently witnessing expansion in artificial intelligence adoption.
Which made it a new competitive field for companies operating in the markets.
Also, he pointed out that “AI technologies provide new additional services and facilitate services provided in the real estate sector.”

Moreover, he explained that “one of the most prominent uses of artificial intelligence in property management is remote monitoring of units.
Along with the accurate knowledge of maintenance requirements in buildings.
Besides the creation of databases that enable the speedy provision of maintenance services for real estate unit facilities.
Also the provision of smart screens for real estate companies to follow up on the requirements of those units.
As well as smart screens to receive notes and requirements from tenants or owners.”

Real estate expert and CEO of “Bizlink Real Estate Company,” Ismail Al Hosni, said the below:

“The use of smart technologies and services in the real estate sector has become one of the important competitive standards today.
Especially with the expansion of AI adoption by many companies.
In addition to the change of consumer needs, as consumer is searching for smart real estate units.
Since most of  luxury properties are supported by smart technologies.”

In the same context, CEO of “Elio Properties” Zahi Qashoua, commented with the following:

“Dubai has cemented its position as a digital economy capital and a global center for innovative work models.
Along with the adoption of advanced technological concepts in various vital sectors that affect people’s lives.
Including the real estate sector, which is currently witnessing advanced performance and exceptional growth, represented in breaking new records.”

Qashoua pointed out that the concerned authorities in the real estate sector in Dubai focus their attention on modern technologies.
The same case is  in all sectors, noting that “the feature of (instant sale) was launched months ago as part of the use of artificial intelligence in the real estate sector”
Confirming that this enhances confidence between the involved parties and the emirate Land and Property Department.

Real estate expert Rafiq Matar stated the following:

“Artificial intelligence has contributed to achieve a significant positive impact in the real estate sector in Dubai.
Since it has facilitated buying and selling operations.
Also it helped in studying the market and creating a plan or strategy for any project.
By many features such as researching the size of rents in the market, determining the type of property, and knowing how to invest and achieve profits.”

The CEO of “1- Platform” Foundation, George Simon, said the below:

“Local markets witness a rapid growth in the demand of various AI systems types which supports remote property management.
 This changes several concepts in the sector of property and facilities management along with providing a new competitive field among companies.”

He added that “the use of artificial intelligence in property management has provided new services.
Including remote monitoring of maintenance requirements, managing facilities and parkings.
As well as facilitating sustainability services in buildings and rationalizing energy use.”

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