Real estate developers said that the technical development will contribute to changing the features of the real estate sector and houses in the future, during the next few years, the most prominent of these features will be managed with smart applications and blockchain technology, as well as the possibility of opening these houses with a voice or face fingerprint as is currently happening with the smartphone Most homes will have their own solar resources.

They pointed out, in statements to «Emirates Today», that the most prominent of these features that the houses will be smaller, cheaper, and controlled through the remote control, pointing out that the sale, purchase and rent will be through the electronic medium, and through virtual visits, as Contracts will be signed remotely between clients, based on blockchain technology.

Future real estate will be smart and controlled by mobile applications, he said, explaining that the future of the real estate sector will be titled "Real Estate with the Latest Technology Features and Platforms Based on Artificial Intelligence, Data Science and Mobile Technology."

They expect future real estate, especially in the next five to 10 years, to be less space and purchased online, as technology companies focus on making information available to help consumers make better buying decisions. Real estate, electronic sales experiences are starting to increase further, and this trend will increase in the coming years. The sector, like other sectors, is undergoing a qualitative leap thanks to blockchain technology, which will change the mechanisms of work in this area in the future.

Expect the coming years to focus on the use of affordable materials, so that real estate prices will decline to encourage the end user to buy, to match the price of real estate unit cost of renting the housing unit for a period ranging between 10 and 15 years.

Real estate sector

“In the past, real estate has been one of the least integrated sectors of new technologies, but recently it has become one of the most important sectors in which investments are being made,” said Mahmoud El Borai, president of the Middle East Institute for Sustainable Development and vice president of the International Association of Realtors. .

He pointed out that one of the most important technologies expected to be seen in the coming period in the real estate sector, is to link real estate with modern technologies, such as «Internet of Things» and «artificial intelligence», as it is expected that the proportion of people who will manage their properties remotely through their phone applications, and will be installed The focus is on reducing the energy bill by 30 to 50%, and some properties will be self-sustaining, utilizing solar energy and connecting them to home appliances for automatic recharge.

“Technology, too, will be harnessed to develop low-income real estate, by harnessing new technologies for building design and construction at lower prices, using prefab or prefab houses, through 3D printing technology, which saves resources and accelerates The only challenge in these homes is that they will tend to reduce the size to accommodate future population growth. The new technology will take advantage of every centimeter in the house by integrating walls with furniture and exploiting voids.

He pointed out that the focus will be on social sustainability, the development of communities focusing on the human dimension, the development of public places, gardens and places for walking and cycling, and the work of living centers within the communities.

He added: «Other phenomena that we can see in the real estate of the future, the effects of investment in these properties, and the emergence of the so-called (participatory economy), which is growing significantly, what will have an impact on residential and commercial real estate, in terms of price and space, which It will also decrease in the first, but will increase in the second. This is also related to the strong growth in real estate funds, crowdfudning or crowdfunding. New blockchain-related technologies will allow small investors to buy shares and stakes in buildings and produce new real estate investment products. Through safer smart platforms, Real estate investment becomes outside the local market so that your investment in any global city is just a button (click) ».

He stressed that the new technologies will undoubtedly reduce the cost of construction, operation and management of real estate, and therefore expected to have a positive impact on the return on investment and increase the life of the property, pointing out that smart smart sustainable return on investment is greater, and results are better than those in the period of real estate crises.

New technologies

“Technology will change a lot in the real estate sector, from the construction of the property and the adoption of new technologies in the construction of the property that will reduce the expenses and benefit from the area of ​​the property, through the interiors of houses and houses,” said Muhannad Al-Wadi, Managing Director of Harbor Real Estate. Which will focus on taking advantage of the interior space of the house, and eventually control the house by connecting all devices with (Internet of Things) ».

He stressed that the change will be at the level of dealings as well, as the sale, purchase and leasing operations in the real estate sector will change form, as it is expected that this process will be all over the Internet, based on the technology (blockchain), through new applications that the government agencies facilitate In the future, it is possible to buy or rent a property without going to it.

He said that some professions related to the sector will change shape, including real estate broker, as it is expected that this real estate broker will become a mere electronic broker, and that the commission is paid electronically, and the number of real estate brokers will decrease significantly in the future, in return for the increase in the number of facilities management companies, In conjunction with the delivery of real estate projects and the start of operation. He pointed out that the sale, purchase and leasing will be through the electronic medium, and through virtual visits, so that the signing of contracts will be remote between the parties, based on the technology «Block Chain».

Al-Wadih pointed out that the new technologies will also affect real estate investment, where new concepts related to real estate investment will emerge, including the proliferation of so-called investment funds or «REIT» significantly in the coming period, in addition to the emergence of the so-called «crowdfunding» or investment Through participation, it is expected to spread significantly in the future.

In the house itself, everything will be connected via the Internet of Things. Everything in the house will communicate with and understand each other. Future real estate will include intelligent self-cleaning systems. Many people hate cleaning their homes, and new technology will do what we hate. In addition to smart panels that receive orders, as well as health and safety monitoring devices for the building and residential unit inside the building, besides that smart buildings will be opened with a fingerprint or face, there are no locks, and most homes will have their own resources of solar energy.

On the level of impact of new technologies in the construction sector, said the founding partner of «Bin Shafar» Contracting, Walid Bagouri, said that «new technologies contributed to reduce the cost of the project, and thus reduce the burden on the end consumer, as new programs in the construction sector helped to see the picture The final project before it starts, which controls the expenses, and then contributes to reduce the price of the housing unit ».

He pointed out that the new technology in the contracting sector reduces the expected problems during the implementation of the project, where dealing with engineering matters more clearly before the start of the project, pointing out that these programs solve the problem of communication between the design parties of an architect and construction, and any participant in the process of design and implementation, These programs have made it easier for everyone to know the details of the project.

5 years

Ali Eid Al Muhairi, Executive Director of Mubadala Real Estate and Infrastructure, said: “In the next five to 10 years, real estate will focus on the implementation of sustainability standards. The cost is possible, in terms of water and electricity use and maintenance, especially after the high prices of water and electricity globally.

He explained that, within about 10 years, we will see the spread of smart homes, which are controlled by applications on mobile phones, especially in terms of access to the home, and the operation of various home appliances, such as air conditioners, and lighting or extinguishing lighting.

Al-Muhairi pointed out that parking lots in real estate projects will not be as important as they are currently being bought. Private cars will be less used because their use will be reduced and reliance on smart transport applications such as Uber and Kareem will be more frequent.

Lifestyle

"Lifestyle will change a lot, changing the style of real estate, where the design of homes will be smarter and more flexible, to adapt to the expected technological changes," said Walid Al Hindi, CEO of Emkan Real Estate Development.

Al-Hindi added that real estate developers will design parking spaces in real estate projects flexibly, to be suitable for other uses in the future, because the use of private cars will be significantly reduced, pointing out that his company - for example - is beginning to study this step, to cope with the rapid changes expected.

He explained, in this regard, that the pattern of cars will change completely, coinciding with the start of the spread of cars without a driver, and the spread of cars through mobile applications will increase significantly.

Helping consumers

“As technology companies focus on making information available to help consumers make better buying decisions,” said Farhad Azizi, CEO of Azizi Real Estate Development. "This trend will increase significantly over the next ten years, and the sector, like other sectors, is undergoing a qualitative leap thanks to blockchain technology, which will change the mechanisms of work in this area in the future."

Azizi said that artificial intelligence and the Internet of Things will also have an influential role, as they will offer international companies more advantages than the invention of the Internet, noting that although the future of the real estate sector will be entitled «Real estate with the latest technological advantages and platforms based on artificial intelligence and data science and technology Mobile phone », but will not be able to dispense with the services of real estate specialists with skills and experience in the areas of finance, investment, strategic planning and social networking.

Apartments

Sameh Muhtadi, a real estate expert, said: “It is expected that apartment space will decrease and technology will play a much bigger role than it does today in tomorrow's residences, where every resident will be able to manage his house and all information related to him via mobile phones, such as voice. "Heat, energy, lighting, security, etc."

Muhtadi agreed, with his predecessors, that parking will be much less than at present, because the use of private cars will decrease, and the use of cars through mobile applications, such as «Uber» and «Karim», and the number of these companies will increase, And the cost of its flights, which increases the demand for them.

He noted that the use of self-driving cars will become a reality, and will encourage residents to escape from the crowded city center to the outskirts, for greater comfort.

Smart homes

Wael Hassan Al-Mashayekh, Director General of Abu Al-Khail Engineering Consultancy, said: “Smart houses will witness a major spread over the next five to 10 years in order to reduce the cost of energy, electricity, water and other basic services. In particular, so as to meet the demands of Arab families, and the spaces are not exaggerated, and not too tight, as happened in some new development areas, such as (Reem Island) in Abu Dhabi ».

The sheikhs predicted that the coming years will see a focus on the use of building materials whose prices are appropriate, not overpriced, and that real estate prices will decline to encourage the end user to buy, so that the price of the real estate unit equals the cost of renting the housing unit, for a period ranging between 10 and 15 years.

He called for attention, in the coming years, to build low-income units, and not to focus on luxury housing, as is happening now.

websites

Amr Khreisat, Senior Real Estate Supervisor at Real Estate Company, said that «buying real estate, online and websites, will spread widely in the country, and will be the first choice for many buyers, especially with the proliferation of 4G services, and near the start of the services of the fifth generation. He added that the mobile sites and the great possibilities it offers, especially in terms of pictures, as well as the proliferation of sites that offer a detailed description of the properties offered for sale inside and outside, the region in which they are located, and the prices of each unit ».

He pointed out that this will coincide with the growth of electronic control of real estate by the regulatory authorities in the sector to keep pace with this development, pointing out that it is expected that future properties, especially residential, will be smaller in terms of area, and suitable for the end user of middle income.

New technology

Muneer Haider, CEO of Jubail Island Investment Company, said: “The real estate sector in the future focuses on the use of modern technology, in line with the requirements of reducing the cost of construction and operation in various fields,” adding that the most prominent areas related to reducing the cost of energy used in general, especially In the cooling and air conditioning, the increasing use of smart home appliances to reduce the cost of energy, as well as significantly rationalize the use of water.

Information cables

Samir Barakat, executive director of Profis Property Management, said: “Real estate developers are seriously considering taking advantage of technological developments in home development, which will be reflected in the form of homes in the next five to 10 years.”

Barakat added that «developers tend to put what is known as information cables in the walls of buildings, so that the buyer does not need to break the walls, in order to put these cables, where the connections or cables are placed during the construction process, and the buyer later chooses to put what suits him to run some services Like doors, curtains, air conditioning, etc. ”

He pointed out that the cost of smart homes will be reduced to keep pace with the times after their spread, so that the buyer needs amounts less than 1000 dirhams, to equip a smart house.

He pointed out that the company started to use technology in its services, where it will launch a program on smart phones within weeks, through which customers can complete transactions anywhere in the world, without the need to hold meetings, or travel to another country, which speeds the service, improves and facilitates Dealings dramatically.