Proptech is not just a buzzword but great space for new opportunities

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Tanuj Proptech Middle East 2019

The UAE’s real estate sector is mesmerised with a new term ‘PropTech‘ and everyone wants to know about it and learn from it. Majority stakeholders, buyers, sellers, brokers, and developers are all ready to adapt sector innovation as it offers more security, transparency and efficiency.

The two-day second annual PropTech Middle East event, which concluded on Tuesday was attended by leading real estate developers in the region, such as Sobha Group, Nakheel, Diamond Developers, Aldar Properties, Azizi Developments, and Emaar, amongst others.

Tanuj Shori, Founder and CEO, Square Yards was also present. He said, “Real estate is still expensive, highly illiquid and industry stakeholders continue to operate in a legally complex playground. This third, and probably the most exciting phase of PropTech will witness startups that grow the green shoots to challenge these fundamental industry principles and this is where the future probably lies.”

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Published by: Khaleej Times
Date: 5 November 2019