Dubai Crown Prince and Chairman of The Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has announced the launch of the Dubai RE-Tech platform.
The digital platform is designed to support enhanced decision-making and promote growth and sustainability across the real estate sector.
According to WAM, the launch of the platform is part of initiatives introduced to support the implementation of the Dubai 2040 Urban Master Plan, which aims to make Dubai the world’s best city to live in. It is aimed at further enhancing transparency and strengthening investor confidence in the industry.
Also Read: The Blockchain Backstory
“We aim to make Dubai’s real estate industry one of the world’s best,” said Sheikh Hamdan. “We are seeing exceptional growth in the sector with the number of investors increasing by more than 80 per cent in a year, and the value of annual real estate transactions exceeding AED 250 billion. This growth momentum reflects the resilience and attractiveness of the sector and the vast opportunities it offers.”
Dubai RE-Tech leveraged advanced technologies to develop an integrated real estate model based on artificial intelligence that allows players across Dubai’s realty sector to analyse big data related to the industry.
Additionally, it enables tools for future scenario-based strategic planning and policy development, and for generating proactive initiatives to take advantage of opportunities and deal with diverse market changes.
