With an open outlook, unwavering confidence, and optimism grounded in market realities and indicators, real estate professionals across all sectors are formulating plans and goals that keep pace with the qualitative shift that has taken place in the sector’s current reality and future, keeping in mind the changes predicted by strategic experts, especially since last year, 2021, saw a series of decisions that charted the correct course for the market across its various sectors.
Real estate professionals, by virtue of their intelligence, experience, and analysis of the past real estate year, will work to align their operations with upcoming regulations and rules aimed at improving the commercial landscape for all parties, especially since technology has become the language of our time—a field where no one can predict what tomorrow will bring. It is advancing at a geometric rate, and every day brings something new that directly impacts the real estate market; to the point where the world’s population was surprised by the buying and selling of virtual land on websites such as Decentraland. One can only imagine that a plot of land in this virtual world was sold for $2.4 million…!!, and the news reports that the price per square meter in this vast space has exceeded $4,000…!!
This new reality, despite its virtual nature, encourages us to support the efforts of the relevant authorities in advancing e-government initiatives to streamline procedures, so that everything is managed from behind a smart screen, completely independent of time and place, The Ministry of Justice has done well to announce the digitization of more than 63 million properties, thereby strengthening the role of the real estate exchange in buying, selling, and transferring title deeds—all while people remain in their offices or homes, with all their rights fully protected.
Given all of the above, we expect decision-makers in the real estate sector to keep their thinking in step with these ever-evolving changes—especially as the market shifts toward economies of scale and reduces reliance on small developers.
Therefore, large companies that influence the market must enlist the help of strategic experts who can analyze the current reality and paint a rough picture of the future, including any unexpected events that may arise.
