Modern Houses
Dubai rises as epicentre of PropTech innovation as city’s real estate firms chase new-age tech tools with massive investments
Dubai is positioning itself as the epicentre of PropTech innovation, with companies ramping up their investments, earmarking over 20 per cent of their annual budgets, to develop and install a host of new techs such as artificial intelligence (AI), machine learning (ML), blockchain and Internet of Things (IoT)-enabled systems to redefine what’s possible in the real estate sector.
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