Technology shifts in real estate: From AI to smart real estate

Hisham Alqasem

Technology is one of the most important factors affecting the real estate industry in the modern era. From artificial intelligence to smart real estate, the industry is undergoing remarkable shifts that are affecting how real estate properties are designed and managed. These include:

Smart Real Estate

AI and data analytics

<Artificial intelligence and data analytics technologies represent a paradigm shift in the real estate industry. Algorithms can learn from historical data to guide investments and improve the performance of real estate properties. For example:

Predicting real estate prices: AI can be used to analyze available data about real estate prices in a given area and predict their future development.

Predict real estate prices.

Improving management processes: Data analysis can be used to optimize property management processes, such as maintenance and asset management.

Smart real estate and the Internet of Things (IoT)

Smart real estate allows for direct interaction between properties and residents. IoT devices such as temperature and lighting controls and security devices can make life more comfortable and efficient inside buildings. Some examples:

Lighting and heating control: Residents can control home lighting and temperature using smartphone apps.

Security and monitoring.

Security and surveillance: Smart surveillance cameras can be installed to monitor the property and maintain security.

Smart surveillance cameras can be installed to monitor the property and maintain security.

Emerging Technologies

The real estate industry is witnessing the emergence of new technologies that enhance the efficiency and effectiveness of operations, such as:

VR and AR

VR can be used in building design and real estate experience before construction. Engineers, developers, and buyers can benefit from virtual tours inside buildings and projects. <AR can be used to improve buyers' interaction with real estate. Buyers can view additional information on properties using smartphone apps.

Building and Design Technologies

<3D printing technology allows for faster and more accurate creation of models and building parts. It can be used to design complex shapes and geometric details. Programming and parametric design can be used to generate complex and variable designs using specific equations and values.

Security and Privacy

Biometric technologies: Technologies such as facial recognition and fingerprinting are used to enhance the security of buildings and property.

Blockchain.

Blockchain: Blockchain can be used to record transactions and improve transparency and security in real estate transactions.

Technology shifts in the real estate sector are exciting and promising. From artificial intelligence to smart real estate, these technologies can contribute to improving operations and getting the most out of real estate properties.

Real estate: Blockchain can be used to record transactions and improve the transparency and security of real estate transactions.

*Architect and faculty member at King Saud University

@ArchHesham