The real estate industry was hesitant to incorporate technology, but things are changing rapidly. Proptech is one of the trendiest real estate trends. Real Estate developers may use the correct technology integration to improve every part of their business. The new order is digital transformation, and every industry is either affected or on the brink of disruption. Although it is the greatest and most valuable asset class globally, the property industry has long been seen as a late adopter of technology, but things are changing rapidly, and proptech emerges as one of the hottest real estate trends.
CRM and Big Data
Property has long been a significant data treasure trove. However, the data are usually fragmented and unstructured. By organizing these data and using relevant analytical tools, property developers may perform improved financial analyses, make better investment decisions, predict market circumstances and better serve customers.
All customer data migrated to Salesforce, an integrated CRM platform with a single customer vision for all departments, by Fajar Realty. Fajar Realty has a single-stop customer service platform that gives customers access to vital property services 24 x 7 times over.
- Artificial Intelligence
Intelligence Artificial According to a new assessment, AI is one of the most significant factors in the technology revolution. The consequences of AI for the immovable sector are astonishing, says the digital consulting firm, from speech recognition to autonomous decision-making. Developers can acquire market data unequaled by AI and predictive analysis. We can improve the effectiveness of operational procedures and completely change our decision-making processes.
- Drones and robotics
Robots change the way we create build structures to boost efficiency and efficiency. Automation of robotics processes can effectively automate repetitive back-office processes like billing, NAV calculations, and documentation. Utilized drones for a long time for site monitoring, but we could soon see drones used for property management, inspection, and maintenance.
- Printing 3D
3D printing of entire structures or architectural components will have a major effect on the shortening of building time. The technique could soon become more prevalent and revolutionize immobilization. 3D printing has been utilized extensively in the past to generate scale models for immobilization projects.
- Virtual reality and increasing reality
Virtual realities have already been popular in real estate marketing, but developers can better assess by integrating VR into planning and construction. Fajar Realty employed VR to teach construction workers safety practices earlier this year. Increased reality can also be utilized to show consumers and other stakeholders how a building is constructed.
The Government of Dubai leads the deployment of the real estate blockchain, which will make financing and payment processes more effective. In 2017, Dubai Land Department set up a blockchain network to record and link to telecommunications and services accounts and real estate contracts. Immobilien developers need to build an innovative culture at all levels, says Nasser Al-Shamsi.