Oman Real Estate Association launches online platform at AI forum

AUGUST 26
MUSCAT: The Oman Real Estate Association launched its online platform and signed a series of cooperation agreements on Tuesday at a forum in Muscat dedicated to the role of innovation and artificial intelligence in developing the Sultanate of Oman's property sector.
The Real Estate Innovation and Artificial Intelligence Forum, organised by the association, examined how digital solutions and AI can be harnessed to raise the efficiency and competitiveness of the sector in the face of rapid technological change.
Hassan bin Khamis al Ruqaishi, Chairman of the Oman Real Estate Association, said the forum reflected the association's growing focus on innovation and new technology, and its continued work on initiatives that help the sector keep pace with future change.
The association was seeking to turn innovation and AI 'from ideas into practical tools' that create real value for the property sector and the national economy, he said.
He added that the forum formed part of a broader drive to build a more innovative, efficient and sustainable real estate sector and to strengthen cooperation between players across the property ecosystem, in line with Oman's economic and urban development priorities and with the aim of making the sector more attractive to investment.
The forum opened with a presentation by Abdulkhaliq bin Zayed al Busaidi, who addressed the challenges facing investors, developers and buyers, the role of digital asset management in cutting costs, the use of predictive analytics to improve the investor experience, and the application of AI in designing energy-efficient smart neighbourhoods.
Eng Hana bint Said al Sadi of Tatwir outlined the role of the centre and the services it provides to the community. The programme also included an interactive panel discussion on the future of new technology in the property market.
The memorandums of cooperation signed at the event are aimed at broadening partnership and integration, and strengthening the services and initiatives offered to those working in the sector and other stakeholders.