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While climate change has been in the headlines lately and will be the focus of COP 28 in Dubai in November 2023, Cityscape Intelligence Talks – the powerful conference series of Cityscape, Dubai’s largest real estate hunting event – will hear from more industries adopting advanced Technology and concerns call for climate resilience as well as sustainability and urban regeneration.
At Cityscape Intelligence Talks at Dubai World Trade Center from 21-23 November, Bhami Muhamed Ilyas, Regional Business Director, CCP Wind Engineering, USA, will call for a renewed focus on climate resilience while helping delegates navigate the wind, says event organizer Informa Markets , the impact on urban development and its architecture.
“As buildings grow taller, with less traditional forms, and urban environments become denser, the effect of wind becomes a more important design consideration,” said Ilias.
“Based on knowledge of wind patterns and comfort levels around a development, building and structural designers can improve and optimize building and structural systems to meet reliability goals while minimizing costs and maximizing user experience,” he added.
Advanced technology is being rolled out across the Cityscape Intelligence Talks agenda, forecasting a wide range of aspects, including site inspections and transparency delivery.
Panelist Bilal Moti, Managing Director, Windmills Valuation Services, UAE, will join a panel discussion on how powerful data can improve real estate transparency.
“Gone are the days of manual repetitive work,” Moti explained. “It’s time to move away from the old manual operations and adopt process automation. Let’s transform manual processes and decision-making into automated decision-making – that’s AI. Examples where it can be leveraged include credit lending, valuation and equity performance analysis. Technology AI will facilitate accuracy, efficiency, confidentiality and control,” he noted.
Shruti Jain, sales director at UK-based data analytics provider REIDIN, asserts that robust AI data is the answer to achieving transparency in the industry, which she says is critical to decarbonisation.
“Transparency facilitates foreign direct investment and there is a direct correlation between the two,” she said, identifying Dubai as a potential regional leader.
“Dubai is in the best position. It’s strategically located, it’s a tax-free haven, and real estate here is reasonably priced compared to other markets like Hong Kong, Singapore, London or New York. It offers an attractive return on investment, plus It has achieved more investment in the region following the government’s initiatives on green, investors and golden visa issues. It will continue to grow despite inflation due to these initiatives and increased transparency,” Jain said .
Meanwhile, as countries around the world grapple with recession forecasts, Augostino Sfeir, chief investment and strategy officer at Abu Dhabi-based property developer Imkan, asserted that real estate remains a viable investment option.
“Especially in a recession, stocks are particularly volatile because they are vulnerable to economic crises and pandemics, while real estate, on the other hand, has a minimal impact that doesn’t show up until much later,” Sfeir reiterated, while The UAE is forecast to maintain growth even in the face of global recessionary winds.
“Given the UAE’s economic, political and legislative stability, coupled with the government’s continued initiatives and increased infrastructure spending, the country’s real estate market is expected to continue to grow and remain one of the most attractive and safest investment options, ’ he observed.
However, Sfeir acknowledges that the industry needs to work towards adopting sustainable practices and anticipates government intervention to move the issue forward.
“The biggest challenge today is the gap in the education of developers, contractors and consumers on the long-term benefits of investing in sustainable development. While development costs can be 7-10% higher than non-green development costs, this can affect the value of units sold At an overall price, consumers will benefit from energy savings, water savings, maintenance and waste reduction,” he said.
“By improving air quality, in addition to quality of life, this will reduce chronic disease and improve the health and well-being of people living in these communities,” Sfeir said.
“With the government expected to introduce new legislation to achieve net zero emissions by 2050, the challenge for developers is to be proactive, incorporate sustainable solutions into their developments first, and find the most cost-effective options that can solutions to achieve healthy living within the cost of development,” he added.
Baharash Bagherian, CEO of the UAE’s award-winning architecture and design studio URB, said the industry would soon realize the need for the highest sustainability standards, defining it as a “necessity” for today and tomorrow.
“There will be a shift in the way developers sell, from selling real estate assets to selling lifestyles. As a result, there will be an increase in master communities offering a variety of desirable amenities, including a range of community facilities, and green spaces,” he noted.
“We also predict that expertise in developing more sustainable communities is being planned around the world as countries race to achieve net-zero emissions. As a result, developers and investors will also be looking to make their Asset diversification to include sustainable real estate,” he noted.
Mohamed Shawky, co-founder and CEO of GIS Drones in Dubai, believes drones will be the future of facade inspections, building and utility cleaning.
“Traditional inspections require a lot of equipment, manpower and time to complete, and the results are not accurate enough. With drones, all the disadvantages of traditional inspections can be negated and better value is provided. The same goes for cleaning. High-rise buildings , solar panels and wind turbines,” he said.
“Drone cleaning is replacing traditional methods, and we will soon see it fully implemented,” Shawky said.
Alexander Heuff, Exhibition Director, Cityscape Dubai, said the series covers the entire real estate industry ecosystem and includes presentations, case studies and panel discussions from local, regional and international industry leaders.
“At a time when the industry is undergoing massive transformation from technological advances, increased regulation, and shifting geopolitical investment, this is an essential intellectual forum for all players serious about staying on the cutting edge of industry developments,” commented Heuff road.
Cityscape Intelligence Talks is supported by Dubai Land Department, Web Sponsors IMKAN and Staycae.ae, Knowledge Sponsor – Huspy, Proptech Sponsor – Land Sterling and Supporting Partners REIDIN, Propertyfinder and Houza.com.
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