< Previous150 Vol. 25/02, February 2024 FINANCE How AI is expanding the property investor pool in UAE, contributing to GDP growth Algorithms make it possible for rookie investors to participate in the real estate economy The world of property invest- ment has historically been a domain reserved for the wealthy and well-connected. However, a new era is dawning in the UAE thanks to the transformative power of AI in the real estate sector. With AI’s integration into the invest- ment landscape, the pool of property investors is expanding, offering opportunities to a broader range of individuals, regardless of their back- ground or experience. This in turn is contributing to national GDP growth. AI: Revolutionising real estate investment AI has emerged as a disruptive force in numerous industries, and real estate is no exception. In the UAE, where the property market is dynamic and competitive, AI’s adoption is BY GAURAV AIDASANI, FOUNDER AND MANAGING DIRECTOR, UNION SQUARE HOUSE REAL ESTATE BROKER REAL ESTATE The integration of AI in real estate investment is instrumental in democratising the industryRecognising women achievers driving growth and positive change in the Kingdom of Saudi Arabia KSA Women Achievement Awards 2024 For commercial and event inquiries: Tel: +971 4 444 3460 Email: events@arabianbusiness.com Scan to visit website March 3, 2024, 7pm-11pm VOCO, Riyadh, KSA Nominations Now Open Submission deadline: February 16, 2024152 Vol. 25/02, February 2024 REAL ESTATE AI algorithms can swiftly produce customised investment opportunities that perfectly match an individual’s distinct requirements revolutionising the investment land- scape, making it accessible to a more diverse group of investors. Inclusive access to data-driven insights AI-powered platforms leverage vast amounts of data from diverse sources, including property listings, market trends, economic indicators, and demographic information. By harnessing this wealth of data, AI empowers investors with valuable insights that guide them towards the most promising opportunities. For example, the Dubai Land Department (DLD) o ers comprehensive property sales and rental transaction data. Many AI startups use this data to provide customers with more informed decisions, achieved through advanced data sorting techniques. Simplifying decision-making with AI analysis Harnessing the power of AI in real estate investment o ers a multitude of advantages, with one standout feature being its prowess in e ort- lessly conducting intricate analysis. Gone are the days of laboriously crunching numbers and sifting through copious amounts of data. With just a few straightforward inputs like budget, location preferences, and investment objectives, AI algorithms can swiftly produce customised investment opportunities that perfectly match an individual’s distinct requirements. This approach eliminates guess- work and emotional biases that often in uence investment decisions. As a result, even inexperienced investors can make well-informed choices based on real-time, data-backed projections of potential returns. AI-driven accurate forecasts Predicting market trends is a chal- lenging task, even for seasoned inves- tors. AI steps in to provide accurate forecasts by analysing historical data and using advanced predictive models. These forecasts enable inves- tors to stay ahead, identifying emerg- With AI’s assistance, investors can explore a comprehensive database of o -plan properties, featuring crucial details such as locations, completion timelines, developers’ track records, and expected ROI. This invaluable information empowers investors to make informed decisions and seize promising opportunities in the real estate market. Democratising real estate investment The integration of AI in real estate investment is instrumental in democratising the industry. By expanding the pool of investors, AI is breaking down barriers that once limited access to the property market. Now, individuals from diverse backgrounds and nancial capabilities can participate in this wealth-building avenue. Apart from economic growth, increased investor participation fosters market transparency and fair pricing. With more eyes on the market, unethical practices are discouraged, resulting in a healthier investment environment that bene- ts everyone involved. The future is promising, and with AI as a trusted ally, a new era of prop- erty investment has arrived, embrac- ing diversity and widening the hori- zons for investors across the UAE. AI’s complete database of off-plan properties presents a wealth of opportunities for investors A new era of property investment has arrived with AI, says Aidasani ing trends and spotting lucrative investment opportunities. Unlocking off-plan potential AI’s complete database of off-plan properties presents a wealth of oppor- tunities for investors. O -plan prop- erties often offer attractive pricing and the potential for higher returns as the market appreciates.WEDNESDAY 15TH MAY 2024 DUBAI, UAE CELEBRATING EXCELLENCE AND INNOVATION IN THE MIDDLE EAST FINANCE SECTOR SCAN TO VISIT WEBSITE SPONSORSHIP ENQUIRIES Ines Ben Rejeb Senior Commercial Manager T: +971 4 444 3223 M: +971 54 429 6109 E: ines.benrejeb@itp.com NOMINATION ENQUIRIES Nivetha Dayanand Editor T: +971 4 444 3887 E: nivetha.dayanand@itp.com itp.events/FinanceMiddleEastAwards154 Vol. 25/02, February 2024 Premium residency visa for investors in Saudi Arabia The kingdom has recently introduced new visa categories aimed at attracting investors and skilled individuals from around the world. Among these categories, the premium residency initiative offers an opportunity for investors to obtain long-term residency visas to encourage investments into KSA Investors can reside in Saudi Arabia along with their parents, spouses, and children under the age of 25. Investors and their family members can exit and return to Saudi Arabia without the need for a visa. Premium residency holders are also entitled to obtain visit visas for their relatives. Premium residency holders, their spouses, and dependents have the right to work in the private sector and move between establish- ments. Investors can also conduct their business operations in accordance with the guidelines set forth by the Investment Law. Investors have the privilege to own and rent real estate commitment to the kingdom. Premium residency holders and their dependents and companions are exempt from expat fees. Real estate ownership Private sector employment Visa-free exit and return Residency for family members Exemption from expatriate feesNext >