Why Does Dubai Need Real Estate Software Development in 2022?
Digitization is a fact that cannot be denied. Its application covers almost the whole world. Our young generation is rapidly embracing it and connecting the virtual and the real world. All the industries are being upgraded keeping in view this change taking place in the world.
When it comes to all industries, we cannot ignore the real estate industry. You can say that in the big industries if we talk about a prominent industry, it is not unreasonable to say that the role of the real estate industry is the most prominent of these.
Dubai is the largest real estate industry, and Dubai is acknowledging this change and focusing on real estate software development.
What is the role of real estate software development in Dubai, how this technology is bringing about an emergency change in the real estate industry, and how the software’s being used for real estate development is discussed in detail below? ۔
DUBAI'S REAL ESTATE SECTOR AND THE ERA OF PROP-TECH
Dubai's real estate sector is expanding rapidly. Many new real estate projects are about to start in Dubai. Experts are very positive about this expansion. They believe that this expansion in Dubai's real estate sector will have the best results, and there are great opportunities for growth in the economy of the UAE.
With the rapid growth of Dubai's real estate sector, investors from all over the world are attracted to Dubai. Dubai's real estate market is changing rapidly and growing. That's why this is a great time to step into the Dubai market as a real estate tech solution provider and sell your services to real estate landlords, brokers, developers, and tents.
It can be unanimously accepted that the process of digitization of real estate in Dubai has been delayed. Because prop-tech has just begun to take shape. It is a golden opportunity for real estate software development in Dubai as Dubai is increasingly attracted to the digitalization of real estate. Because of a lot of investment, the government of Dubai is also playing its role in real estate development in Dubai and launching a platform that will promote the digitization of real estate. The best examples of this are the Dubai Smart City and the Dubai Re-Tech platform. In addition, Dubai is launching several technology-focused innovation programs, which have greatly increased the chances of software development in Dubai's real estate sector.
Digitization in real estate is being designed to solve real-world problems. In addition, day and night work is being done on how to harmonize Dubai's traditional and digitized real estate sector. Much of the emphasis is on resolving issues, including leasing out land to stakeholders, renting out the property, or buying and selling property.
In addition, there are several factors that Dubai is still facing. This challenge is related to investing and renting a property in Dubai. Because the city is full of immigrants who need a place to live but are either unwilling or unable to afford an apartment or villa, if such migrants do not wish to leave Dubai soon, their numbers will not decrease. Especially when projects like Dubai 2020 Expo are trying to attract the whole world.
For those who want to prove their tech worth in the property, the Dubai property rental market is perfect. Because this sector of the property facing a lot of problems, the real estate software developer can play a good role in solving this problem, an example is a website like Property Finder where you can find a perfect home for the homeless or those who want to change their home. It makes it much easier for tenants to find an apartment or a place for rent.
Following are the trends in software development in Dubai
● Target audience
● Virtual and augmented reality tours
● The process of automation of property management
● Direct application of smart technologies
TARGET AUDIENCE
Many stakeholders in Dubai can benefit greatly from ProPtech product development. The biggest complication between a tenant and a landlord is when the landlord does not fulfill their responsibilities. Tenants want the landlord to understand their responsibilities and fulfill their obligations effectively. Get property repairs done efficiently and keep your tone right during conversations.
Landlords want to be able to satisfy both managers and brokers, and both groups want them to be happy because they want to make their property management and their payments as easy as possible. Therefore, it is willing to cooperate with the agencies to reduce the problems.
A real estate platform needs to be developed, that can play a key role in addressing these needs, which makes the system functional and facilitates unification.
VIRTUAL AND AUGMENTED REALITY TOURS
Lockdown caused by Covid-19 has completely changed our view of the world. All aspects of business are being brought to digitalization. In real estate, this is being implemented with the help of virtual reality and augmented reality. It allows you to review projects and easily visit rented or purchased apartments or villas from the comfort of your own home. It can never be so good that the tour is really important because in a virtual tour one is still uncertain that there can be a difference between the pictures shown and the original pictures.
THE PROCESS OF AUTOMATION OF PROPERTY MANAGEMENT
The process of property automation can help control the growing property problems in Dubai. Because landlords want to make sure that their property is maintained and that rent payments are directly controlled.
The property management software system allows the data of tenants, leaseholders, and landlords to be stored and the property maintenance responsibilities to be easily met. In addition, many manual tasks can be automated.
DIRECT APPLICATION OF TECHNOLOGIES
The direct application of IoT is making rapid progress towards building smart homes and smart buildings. It is providing solutions to many problems in real estate with the help of artificial technology. For example, it can give you predictions of maintenance, the landlord can control it before the loss occurs.
Dubai Real Estate Software Development is one of the most trending topics right now, whether you are affiliated with a real estate agency, planning to start a new prop-tech startup, or want to buy your property. Altamira can help you develop software to improve your experience with the market.
We believe that there will be further growth in the Dubai real estate division and that it will emerge as a real estate power. It will create new software to simplify the real estate process.
