Property, Technology, UAE

Smart Dubai to accelerate real estate sector with advanced tech

Smart Dubai has partnered with real estate portal Property Finder to promote the use of advanced technologies to enhance people’s real estate journey.

Smart Dubai first announced plans to partner with Property Finder in April 2019 as it launched the Dubai Data Private Sector Strategy and Policy, with the objective of creating new data products for the vital economic sector.Smart Dubai, real estate

Younus Al Nasser, assistant director general, Dubai Smart City Office, signed the Memorandum of Understanding (MoU) on behalf of Smart Dubai, with Michael Lahyani, general manager of Property Finder.

“Smart Dubai has a mandate to transform Dubai into a full-fledged smart city,” said Al Nasser. “With that in mind, we have committed ourselves to introducing advanced technologies into every sector and redesigning every aspect of people’s lives to make it easier and ensure their happiness.”

He also noted that the agreement with Property Finder will help bring more smart city technology to the people of Dubai as they go about finding their perfect home in the city.

“Bringing the public and private sectors together is essential to our strategies,” Al Nasser added. “It is crucial that we all work together to come up with innovative use cases for the city data we are compiling. By bringing advanced data technologies into the real estate sectors, Smart Dubai and Property Finder look forward to leading the region in terms of real estate, developing in-depth studies, formulating data-driven plans for the future, and implementing ground-breaking use cases.”

The MoU stipulates that the two parties will work together to demonstrate the value from public and private sector data assets, by creating advanced real estate data products, in addition to conducting analysis and thought leadership projects.

“The partnership with Smart Dubai will continue to support our mission of being the leader in real estate data transformation and bringing more transparency and valuable information to the millions of property seekers visiting our platform each and every month,” said Lahyani. “By utilising the various data sets from Smart Dubai and coupling them with our rich data sets, we will be able to create tools and offer more data to the consumers, which is needed to make better informed decisions during their real estate journey.”

Furthermore, the agreement seeks to showcase the power of data science and the potential that can be achieved when cross-sector data teams work together.

Collaborating on these activities allows Smart Dubai and Property Finder to further the establishment of a more transparent and better functioning ecosystem.

In turn, this can improve living conditions for the overall community and help to build upon the foundations laid out for sound economic. The partnership agreement will ultimately boost both parties’ reputation as the city’s leaders for city-wide market data, leading to future joint initiatives.

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