Page 10 - SOL Properties PR Report - January 2025

Innovations, sustainability shaping UAE’s real estate market

Innovations, sustainability shaping UAE’s real estate

market

DUBAI

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Ajay Bhatia

The UAE’s ever-evolving real estate market stands at the brink of a major evolution as various trends and practices continue
to reshape the market landscape.

The market is projected to experience a transformative shift, especially with the emergence of cutting-edge technologies
such as artificial intelligence (AI), 3D printing, and smart home innovations a steady annual growth rate of 2.25 per cent is
expected between 2024 and 2029, resulting in a market volume of $0.76 trillion by the latter year, further solidifying UAE’s
position as a global leader, writes Ajay Bhatia, Founder and CEO of SOL Properties.

As the market becomes more influenced by technological developments, it is expected to redefine conventional property
development, management, and transactions, paving the way for an efficient, sustainable, customer-centric, and investor-
friendly ecosystem. These changes further position the UAE to become a global frontrunner in the realm of smart and green
real estate.

According to industry report, artificial intelligence (AI) has the potential to generate between $110 billion and $180 billion in
value for the real estate industry by significantly enhancing productivity, improving market efficiency, and optimizing
operational processes. AI is transforming the sector by enabling better prediction of market trends and customer
preferences, automating critical tasks such as tenant communication, maintenance, and energy optimization, and providing
valuable real-time data.

Meanwhile, smart home innovations will offer enhanced automation and energy management solutions, addressing the
evolving demands of a tech-savvy customer base. Technologies like 3D printing can lead to cost reduction, acceleration of the
construction process, and reduction of material waste. This technology also enables the use of environmentally friendly
materials, which helps improve the environmental sustainability of projects. According to market research, leveraging 3D
printing capabilities can help reduce construction costs by up to 30 per cent and save time by 50 per cent. In this regard, the

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