Forum Highlights Importance of Using Innovation, AI in Omani Real Estate Sector

Muscat: Oman Real Estate Association today organized a forum in Muscat on using innovation, digital solutions, and artificial intelligence (AI) in the Omani real estate sector. The forum was held under the auspices of Qais bin Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ). According to Oman News Agency, the forum addressed several topics related to the future of the real estate sector, including the role of digital asset management in cutting costs, improving investor experience in using predictive analytics, designing smart, energy-efficient neighborhoods, and using artificial intelligence. Additionally, the role of the Real Estate Development Services Center in supporting and regulating the sector was highlighted. The event featured a panel discussion to exchange experiences on the future of modern technologies in the real estate environment. It also marked the launch of the Oman Real Estate Association's electronic platform and the signing of severa l memoranda of cooperation. These agreements aim to expand partnerships and enhance services and initiatives offered to parties operating in the real estate sector or interested in engaging in the sector. Hassan bin Khamis Al Ruqaishi, Chairman of the Board of Directors of Oman Real Estate Association, stated that the forum reflects the association's commitment to utilizing innovation and modern technologies. He emphasized their determination to undertake actions that upgrade initiatives contributing to the development of the real estate sector and its ability to meet future demands. Al Ruqaishi further noted that the association aims to transform innovation and AI from mere ideas into practical tools that generate real value for the real estate sector and the national economy at large. He highlighted that the forum aligns with the Oman Real Estate Association's vision to create a more innovative, efficient, and sustainable real estate sector, fostering cooperation among various stakeholders in the real est ate system, in line with the economic and urban development trends of the Sultanate of Oman.