Transforming Real Estate: The Role of Technology and Human Insight

Summary:

The Gulf region is witnessing a rapid transformation in real estate, driven by digitization and technology. Mohamed Mohamed, founder of Smart Bricks, notes that advancements in data access and machine learning have leveled the playing field for investors. Despite this, Samar Faegh of Propito emphasizes that while processes like valuations and title issuance have become faster and more transparent, human judgment in financing remains essential. Automated valuation tools work well for standardized properties but struggle with unique ones, highlighting the need for AI-augmented investing. The challenge lies in adapting to diverse legal and financial systems across markets.