Pi­o­neers Of Proptech

Forbes Middle East - - LEADERBOAR­D • STARTUPS -

Ac­cord­ing to a HSBC re­port, in 2017 67% of U.A.E. buy­ers were us­ing on­line tools to check the value of their ex­ist­ing home, with 65% and 64% re­spec­tively also check­ing for tax and reg­u­la­tion-re­lated data, and prospec­tive home prices. This con­sumer shift to­wards tech­nol­ogy for realty re­sources has con­trib­uted to the rapid growth of proptech plat­forms in the re­gion, led by the U.A.E. Ma­jor­ity stake­hold­ers, buy­ers, sellers, bro­kers and de­vel­op­ers are all ready to adopt dig­i­tal plat­forms as they of­fer more se­cu­rity, trans­parency and ef­fi­ciency. From aug­mented re­al­ity to the In­ter­net of Things, these are the re­gion’s lead­ing prop­erty por­tals that are spear­head­ing in­no­va­tion in the realty sec­tor with the adop­tion of dis­rup­tive smart ser­vices.

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