Upward trend for IT market in Real Estate

Spaces that support the virtual working and learning requirements of residents across the globe

Spaces that support the virtual working and learning requirements of residents across the globe are the need of the hour. The IT market owes the exponential rise in the use of digitized real estate solutions to the increased demand for such spaces . According to a report by Mordor Intelligence, the IT market in the UAE in 2020 valued approximately $6.75 billion . With the noticeable upward trend in this sector , the market value is expected to spike as high as $13.46 billion by the year 2026, almost double the current numbers. A majority of the real estate buyer demographic in the UAE has begun to prefer contact-less, buying experiences .This has prompted most property developers across the region to adopt various digital methods. From virtual tours and 3D space models to complete online based services and apps to control the tenant experience , the user’s experience and needs are a priority.  With more and more companies introducing efficient strategies for work and adopting paperless models , the need for digitization and IT seems to be growing by leaps and bounds.

Tags: Real Estate, Community Management , Facility Management , IT , Trends