Impact of technology on real estate transactions and property management in
Dubai’s tech-savvy real estate players are implementing AR and VR technologies
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Virtual technologies revolutionising home buyer’s journey
Dubai’s tech-savvy real estate players are implementing AR and VR technologies to provide prospective home buyers with an immersive experience while exploring properties remotely. These virtual technologies not only streamline the home buying process but also save time and money by facilitating 360º virtual property tours. Consequently, they boost customer experience as buyers and investors get a better understanding of the property’s features and layout.
Such remote collaboration tools have become an indispensable aspect of safe and smooth property transactions in Dubai. While some AR/VR-enabled PropTech solutions facilitate virtual viewing by generating 3D models of various properties, others enable users to create floor plans, and architectural designs, and even decorate living spaces virtually, from the comfort of their homes. Additionally, AR/VR-powered tools provide agents with a competitive edge.
The Dubai government has also been actively promoting VR initiatives in the region’s real estate sector to attract global investors through immersive experiences that transcend geographical barriers. One significant development in this regard is the launch of the VR Real Estate Platform by the Dubai Land Department (DLD). This platform enables real estate agents to eliminate geographical limitations and create immersive VR tours of their property listings for…
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