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Proptech – The Future of Real Estate

Ali Sajwani, General Manager - Operations, DAMAC Properties

'-tech', a suffix that denotes the most phenomenal phase of transformation that the world has ever seen. The emergence of fintech, regtech, suptech, among others, is completely changing the way we live and do business. Digital transformation is the new order, and every industry is either being disrupted or on the verge of disruption. The real estate sector, however, has been slow when it comes to tech adoption. Despite representing the world's biggest and the most valuable asset class, the property sector has always been considered a late adopter of technology, but things are changing fast, and proptech is emerging as one of the hottest trends in realestate.

As consumers become more and more technology-dependent, and businesses look for new ways to increase efficiency while reducing costs, real estate players around the world are turning towards technology as solutions. A recent studyby ...

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