Founder & CEO of Amali Properties, shared his insights on the transformative role

Ali Sajwani, the Managing Director of DAMAC Group, and the Founder & CEO of Amali Properties, shared his insights on the transformative role of Artificial Intelligence (AI) in the real estate industry during a fireside chat at the Forbes Middle East Building The Future Summit. The conversation was steered by Sally Mousa, a senior presenter at Forbes Middle East.

Sajwani touched on various aspects of AI's impact, including its ability to foster innovation, enhance decision-making processes, and create more intelligent urban spaces. The integration of AI technologies is reshaping the real estate sector, bringing forth new opportunities for developers and investors alike.

One key point discussed was the use of AI in predictive analytics to anticipate market trends and customer preferences. This helps in developing properties that are better aligned with the evolving needs of residents and businesses, thereby increasing the value and competitiveness of real estate projects. AI is also enhancing the design and construction phases, allowing for more efficient and cost-effective building practices.

Moreover, the discussion delved into how AI can improve the living experience for residents and tenants by optimizing property management, ensuring safety, and providing personalized services. Smart buildings equipped with AI can automate various functions such as energy management, security, and maintenance, leading to more sustainable and comfortable living environments.

Sajwani's perspective on AI in real estate reflects the broader vision of creating future-ready cities that are responsive to the changing dynamics of urban living. As a leading player in the region's real estate market, DAMAC Group is at the forefront of integrating such innovations into their projects, contributing to the growth and evolution of the industry.

The event underscored the importance of embracing technology to build smarter, more sustainable, and user-centric urban landscapes. The summit itself is a testament to Forbes Middle East's commitment to exploring the future of various sectors, including real estate, and the pivotal role of technology in driving that change.

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