Dubai has led the global curve in using the latest technologies in real estate sector, including artificial intelligence, virtual reality, and blockchain.

Dubai leads the world in using technologies in real estate sector.

The growing use of the latest technologies in real estate sector is one of the factors that contributed to enhancing the attractiveness of the real estate sector in Dubai to investors beyond Dubai, particularly the wealthy, whose appetite for investing in the Emirates’ real estate has increased.

Technological development has begun to change the features of this vital sector, as technology has become an essential tool for reshaping the way we buy, sell, and manage real estate, especially in a city known for its high ambitions and constant desire to innovate. Dubai today leads a new era that relies on technology to raise the standards of the real estate market to unprecedented levels, which constitutes a new pillar of attraction for investors and the wealthy.

Founders and officials of real estate technology companies said that the “REES Real Estate Innovation” initiative launched by the Dubai Land Department last May, which aims to put Dubai on the global map in the field of real estate technology and real estate artificial intelligence, is a turning point in the real estate sector in Dubai, due to its role in enabling companies to lead the targeted transformation and innovation process.

They added: “Dubai has achieved a qualitative technological shift in the real estate sector over the past years, although It is considered a conservative sector worldwide which has relatively traditional methods that reject new changes. What is interesting is that Dubai is leading the global curve today in adopting technology and implementing it on the ground. This opens new horizons for investments and establishing new start-ups in the sector while also forming a new attraction point for the elite of the wealthy who are always excited by anything new, innovative and unprecedented.”