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Dubai’s goal is to lead in real estate Technology.

Abayan on MENAFN

Dubai is strengthening its position as a prominent real estate Technology pole and rivalling, if not already surpassing, many other worldwide cities including New York, London, Singapore, and Hong Kong as a hub of real estate activity.

Dubai also aspires to leadership in all areas of technology. Dubai blends real estate competence and Technology ambition, therefore it is only reasonable to anticipate it to have a distinguished future in “Property Technology” or “PropTech”.

3-D printing

The world shouldn’t forget that Dubai was the first to construct the first printed building using 3D printing technology, despite the fact that there are many different real estate technology applications, such as printing homes using 3D printing technology,

Building Information Modeling (BIM), smart real estate applications, and others. It took just 17 days to construct the “Office of the Future” globally, plus an additional two days to erect the office structure, and that was more than six years ago, precisely in May of 2016.

promising potential

In order to significantly improve the performance of the construction industry in the Emirate, Eng. Fadi Morcos, General Manager of Business Growth at AG Facilities, a division of Al Ghurair Investment Group, confirmed that Dubai has promising prospects for success in implementing real estate technology.

He explained that Dubai has always excelled by one step over any rival with regard to the application and compatibility of new technologies, and Real Estate Technology is no exclusion. In order to streamline industry processes, raise client satisfaction levels, and lower operating costs, several construction businesses in Dubai are already utilising a variety of real estate technology tools and apps.

In addition to the aforementioned, he continued, real estate Technology also seems to be a workable solution to raise sustainability standards in the construction sector, achieve health-related goals at the industry level, and also mitigate the negative effects of industry activities on the environment and climate, which trends were actively adopted by Dubai and the UAE in general during the recent period.

larger projects

In light of the continuous technological advancements that the real estate and hospitality sectors are now experiencing, Fadi Morcos took part in a panel discussion on “Redefining the Future of the Real Estate and Hospitality Sectors” alongside a number of other experts in the building sector.

The session was part of the “Major Projects Conference and the Sustainable Infrastructure Summit,” which was conducted over two days and was hosted by the UAE branch of the Project Management Institute (PMI), the largest global organisation with a focus on project management.

In order to stay up with, if not foresee, changes in the global construction sector, Dubai is pursuing the consecutive changes brought on by technological advancements and is really making excellent use of these improvements.

synthetic intelligence

In all facets of the global construction business, artificial intelligence and machine learning technologies are starting to spread broadly, according to Morcos. Dubai’s business is in line with these technical advancements.

Advanced technologies have already helped us greatly in reducing the time needed to complete projects, so we have cameras to monitor work in construction sites that rely on artificial intelligence, so that they transmit to us what is happening in the sites in real time.”

Morcos added: “We also have digital twins, which have begun to spread widely, and they allow us to communicate and discuss developments, with regard to bridging the gap between the physical and virtual world, to transmit data from the first to the second easily in a way that allows the virtual entity to exist at a time. One with the physical entity

We now have artificial intelligence-powered cameras to monitor work at building sites, which broadcast to us what is occurring there in real time, thanks to advanced technologies that have already substantially aided us in speeding up project completion.

“We also have digital twins, which are starting to spread widely, and they allow us to communicate and discuss developments with regard to bridging the gap between the real world and the virtual one, to transmit data from the first to the second easily in a way that allows the virtual entity to exist at a time,” continued Morcos. One with the real thing

constructed quickly

The modular construction, which is designed to create prefabricated buildings such that each building consists of repeated portions called units, was assessed by Issa Al-Ali, Vice President of Project Management at North 25, the project management division of Dubai Holding Company.

The unit entails building parts away from the construction site and transporting them there. According to him, “Modular construction has started to be used in the development of numerous projects, including high-rise buildings and hotels throughout the world.” However, despite this, the Middle East still does not use this cutting-edge form of building extensively.

When I first noticed modular construction being used in the area, which was around 13 years ago, it was not entirely new in all construction sectors since certain industries, like the hotel sector, had previously made headway in it.

“The use of architectural construction already brings us numerous benefits, such as lowering time and cost and also minimising harmful emissions to the environment that occur from construction activities,” Issa Al-Ali continued.

Eighty percent of a luxury villa’s parts may be manufactured in a factory utilising modular construction, saving time. So instead of having to wait a year or two to build a villa, the design enables us to finish it in just two months.

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