Use of Advanced Technologies in Dubai Real Estate by Smart Dubai
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.
Younus Al Nasser, Assistant Director General of Dubai Smart City Office, signed the Memorandum of Understanding (MoU) on behalf of Smart Dubai, with Michael Lahyani, CEO of Property Finder FZ-LLC
“Smart Dubai has a mandate to transform Dubai into a full-fledged smart city,” said Younus 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. This agreement we are signing with Property Finder – a true leader in the real estate industry – 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,” Younus Al Nasser continued.
“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.”
For his part, Michael Lahyani, said: “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.”
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. 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.