The UAE’s real estate sector is mesmerized with the new term ‘PropTech‘ and everyone wants to know about it and learn from it. The majority of stakeholders, buyers, sellers, brokers, and developers are all ready to adapt to sector innovation as it offers more security, transparency, and efficiency.
The two-day second annual PropTech Middle East event, which concluded on Tuesday was attended by leading real estate developers in the region, such as Sobha Group, Nakheel, Diamond Developers, Aldar Properties, Azizi Developments, and Emaar, amongst others.
Tanuj Shori, Founder and CEO, Square Yards was also present. He said, “Real estate is still expensive, highly illiquid and industry stakeholders continue to operate in a legally complex playground. This third, and probably the most exciting phase of PropTech will witness startups that grow the green shoots to challenge these fundamental industry principles and this is where the future probably lies.”
Published by: Khaleej Times
Date: 5 November 2019
