<For decades, the real estate sector has been one of the most traditional sectors, but the wave of digitization led by the state, as part of its comprehensive digital transformation strategies, has imposed a new reality based on open data, electronic contracts, digital documentation, and smart real estate platforms. The value of real estate is no longer limited to its location or structure, but rather the information that surrounds it: Its legal history, the transparency of its trading, the efficiency of its operation, and its ability to integrate with modern technology tools in finance, management, and marketing.

According to the United Nations reports. <According to the United Nations reports for 2024, the Kingdom ranked first in the region and sixth globally in the Government Digital Transformation Index, ranked second among the G20 countries, and achieved the first place globally in open government data and digital knowledge. These indicators not only express technical progress, but also confirm that the Kingdom has become a mature and ready environment to embrace the digital real estate transformation, in line with the national targets towards building a thriving digital economy.

In this context, the Kingdom's digital transformation index is the first in the region and the sixth globally, ranking second in the G20 countries. <In this context, Global PropTech Summit, which was held in Riyadh on October 26 and 27, 2025, organized by Riyadh Eye and in strategic partnership with the Real Estate General Authority (REGA), was an international platform that combines legislation, technology and investment, and reflects the Kingdom's position as one of the influential global centers in the smart real estate industry. Held under the theme "Innovation for a Sustainable Future", the summit brought together more than one hundred speakers from eighty-five countries and discussed in fifty sessions and workshops the future of open real estate data, digital contracts, artificial intelligence in valuation, smart construction, and real estate sustainability.

The summit was held under the theme "Innovation for a Sustainable Future". The most prominent feature of this year's summit is the clarity of the Kingdom's strategic direction towards localizing real estate technologies and attracting international investments. The General Authority for Real Estate launched the Sandbox, Real Estate Business Accelerator and Proptech Saudi, initiatives dedicated to enabling startups and entrepreneurs to test their technology solutions in a flexible and safe environment. These initiatives have resulted in the localization of seven foreign companies and the closing of investment rounds exceeding thirty-seven million Saudi riyals.

In a short period of time, these initiatives resulted in the localization of seven foreign companies and the closing of investment rounds exceeding thirty-seven million Saudi riyals. <These efforts come within an integrated path that aims to make the Kingdom a global center for real estate innovation, as it is estimated that the global real estate technology market exceeded $86 billion in 2024 and is heading to exceed $133 billion by 2032, which is one of the fastest growing sectors in the world. The General Authority for Real Estate seeks to direct part of these investments to Saudi Arabia through flexible legislation, international partnerships, and digital enablers that enhance the competitiveness of the local market.

H.E. <His Excellency the Minister of Municipalities and Housing - Chairman of the Board of Directors of the General Authority for Real Estate - stressed in his speech during the opening of the summit that real estate technology has become a strategic tool to move value in the economy, as it contributes to making real estate settlements instantaneous, escrow accounts automated, and cross-border investment more rapid and transparent. His Excellency pointed out that this transformation is not only technological, but also a transformation in the financial and regulatory structure that opens the door to foreign direct investment estimated at more than 100 billion dollars annually by the end of the decade, in a legislative environment that ensures transparency and financial security.

Real estate technology has become a strategic tool to drive value in the economy. <Digital contracts need legal frameworks that prove their legal validity, artificial intelligence in valuation requires controls that prevent conflicts of interest or algorithmic error, and smart real estate platforms need official accreditation and professional oversight that maintains the confidence of both the investor and the consumer. Here, the vital role of lawyers and legal advisors in formulating modern legal models that balance between innovation and protection of rights comes to the fore. <Through my participation in this summit representing AssisYour Law Firm, it became clear that the future of the real estate market is no longer measured by the size of projects or capital, but by the ability of the legal and regulatory system to manage the technological transformation efficiently and responsibly. Every successful technology needs mature legislation that ensures fairness and transparency, and every thriving market needs smart governance that balances growth and regulation. <The Global Proptech Summit was not a passing event, but a clear message that Saudi Arabia is redrawing the global real estate map from Riyadh, a city that has become the capital of smart real estate thinking and a platform that combines legislation, technology and investment in one scene. As this transformation accelerates, the certainty remains that technology does not exclude man, but rather enhances his role and makes his decision more accurate and fair, and that the Kingdom's real estate future is built with an enlightened legal mind, conscious technology, and a vision that does not know the impossible.

@Dr_alkharji