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Can technology replace real estate agents in UAE?

Dubai technology

Technologies such as virtual reality (VR), augmented reality (AR), mixed reality and Artificial Intelligence (AI) are set to change how properties will be marketed in the UAE. They are also expected to transform the house hunting experience. Buyers from any part of the world can wear VR headsets and virtually visit properties without leaving their…

Certified staff are key to managing residential towers

Dubai real estate sector

Lately, there is a flurry of activity across Dubai’s property landscape. The city’s residents and investors are benefiting from the declining property prices and the resulting incentives on offer and moving to cost-effective neighbourhoods of their choice or purchasing plush apartments in sought-after communities. Owning property is considered a milestone achievement in a person’s life….

New York property start-up to double Dubai presence in 2019

Blueground team

Online property marketplace Blueground will double its presence in Dubai next year to 600 properties, as the New York-based firm completed a new funding round of $12 million. The start-up also intends on becoming Dubai’s largest tenant in 2019. Its investors in this round included Dubai-based Jabbar Internet Group, VentureFriends and Endeavor Catalyst. The company’s…

The rise of REITs in the Gulf region

Dubai real estate

The Gulf Cooperation Council (GCC) has witnessed significant growth in the number of real estate investment trusts (REITs) across the region, with over seven publicly listed REITs established to date. Since 2006, regulations have permitted REITs in the Dubai International Financial Centre (DIFC), but previous market downturns delayed any real progress within this particular sector…