“W Capital”: Innovation enforces long term Dubai’s real estate boom

– The Dubai real estate market is leading the way into future to meet the customers aspirations

– The DLD initiatives will lead the innovation move within the sector to new heights

– Artificial intelligence is strategic in the future of the real estate sector,

Walid Al Zarooni

Dubai, United Arab Emirates

Sunday, May 26, 2024

W Capital, a Dubai leading real estate brokerage, confirmed that innovation is one of the main pillars that enhance the emirate’s current real estate boom in the long term.

 The Dubai government agencies and Private sector companies are keen to keep pace with global developments in all types of innovation and technology related to real estate development, in order to provide the best products to customers.

In a new report, W Capital stated that Dubai continues to be a pioneer in real estate innovation. The report confirmed that the initiatives of Dubai Land Department, DLD, will lead the innovation trend within the market to new heights. The most recent of these was the “REES” initiative with the aim of putting the emirate on the global map in the field of technology and real estate artificial intelligence in support of Dubai’s “D33” economic agenda, and its ambitious goals to make Dubai a major center for incubating innovations.

”The Dubai real estate market is leading a journey into tomorrow in order to fulfil the customers’ aspirations, keep pace with them from now, and develop the necessary effective plans. There is no doubt that artificial intelligence will have a major role in the future in all sectors, and certainly the real estate sector will be in the focus as demand for  such commodity is increasing day after day,” said Walid Al Zarooni W Capital CEO.

Al Zarooni explained that the secret of the strong economic performance of all sectors is innovation, which encourages the creation of new experiences and moving forward to a better reality, and makes life easier thanks to technology.

The CEO stressed the importance of spreading the culture of innovation and training and creating an environment conducive to innovation in the real estate market locally and abroad. This is achieved by paying attention to employees and the technologies used in all stages of construction, which helps in responding to the aspirations of customers and developers adapting to latest innovations that attract investors and buyers.

Walid Al Zarooni pointed out that the boom in the sector requires keeping pace with global developments in terms of innovation, so DLD is working to embrace and adopt transformation policies based on artificial intelligence, so for Dubai to be a destination for technology and innovation companies from all over the world.

He added that the launch of the “REES” initiative for real estate innovation will put Dubai on the global map in the field of real estate technology and real estate artificial intelligence. Dubai, he believes, is facing a new chapter of innovation in the real estate market that will lead to an exceptional revolution and transformation capable of redefining the cultural landscape.

The “REES” initiative, which was recently launched by the DLD, is the most important regional move in real estate innovation, as it is designed to support and attract companies specialized in real estate technology, and will work to highlight the most prominent technological solutions in the Dubai real estate sector.

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About “W Capital”:

“W Capital Real Estate Brokerage” was established in 2007 in the United Arab Emirates, specializing in real estate development, buying, selling, renting as well as consulting services for real estate companies.

Since its inception, the company has sold over AED 200 million of properties to major developers.