According to CBInsights, Property Technology (PropTech) has been on the rise since 2013, with more than $5.5B invested in startups over 4 years. Technology is entering multiple parts of the property value chain: 3D modeling for development and customization, virtual reality and immersive technology for sales, IoT for maintenance and energy efficiency, and apps for managing the relationship with tenants and developing community. More broadly, new co-working and co-living models are emerging, offering millenials a value proposition based on flexibility, shared facilities, on-demand services, and a sense of community. This forum discussed how technology is impacting the real estate sector, helping developers facilitate their operations and keep tenants happy.
KAIZEN was a Knowledge Partner at the first official ArabNet Real Estate Tech Forum.