Latest news with #GameChangers2.0
Khaleej Times
20-05-2025
- Business
- Khaleej Times
AI fuels Dubai's property boom; draws millennial buyers
Dubai's property market, long an epitome of architectural marvels and reimagined luxury, is undergoing a seismic shift, not through towering skyscrapers or sprawling waterfront estates, but through the quiet power of Artificial Intelligence (AI). From chatbots that serve as tireless virtual agents to sophisticated platforms forecasting rental yields and capital growth, AI is revolutionising how properties are bought, sold, and invested in across the emirate. This technological wave is ushering in a generational transformation, drawing a younger, tech-savvy cohort into the heart of Dubai's real estate scene, as revealed by compelling new data. A recent market report unveiled by fäm Properties paints a vivid picture of this change. The average age of property buyers has plummeted over the past eight years. In the off-plan sector, it dropped from 54 in 2017 to 44 in 2025, while in the ready or re-sale market, it fell from 53 to 42. This is not just a statistical blip — it is a sign of a broader demographic pivot. The 36-45 age group now dominates, accounting for 40 per cent of off-plan sales and 44 per cent of ready and re-sale transactions in 2025. Even more striking is the surge among younger buyers: the 21-25 age bracket snapped up 38.6 per cent more off-plan properties and 33.3 per cent more ready or re-sale properties compared to last year. Meanwhile, the 26-30 age group boosted their purchases in the ready market by 31.9 per cent. At the core of this shift is AI-powered technology, exemplified by platforms like DXBinteract, a leading source of market intelligence. These tools track buyer preferences, monitor market trends, and deliver data-driven insights, empowering investors, buyers, and agents to make swift, informed decisions. For younger buyers, accustomed to digital fluency, this transparency is a game-changer. 'In the past, the market leaned on older investors who trusted their gut and experience,' said Firas Al Msaddi, CEO of fäm Properties. 'Now, AI and digital tools are leveling the playing field, educating younger buyers and making the market more accessible. While human judgment remains vital in this complex landscape, AI's role is only set to expand as the technology evolves.' The data underscores this trend. In 2025, the 41-45 age group leads off-plan sales, capturing 21 per cent of transactions, with 36-40-year-olds close behind at 19 per cent. The ready or re-sale market mirrors this pattern, with 36-40-year-olds driving 23 per cent of deals and the 41-45 segment contributing 21 per cent. Yet, it is the younger cohorts posting the most dramatic year-on-year gains, signaling a market increasingly shaped by millennial and Gen Z technological and demographic evolution tooj center stage at the recent Game Changers 2.0 real estate summit, at Dubai's Coca-Cola Arena. Tech visionary Mo Gawdat, former chief business officer at Google [X], delivered a keynote address, joined by Al Msaddi and Dr. Mahmood AlBurai, senior director of Real Estate Policies and Innovation at Dubai Land Department. The event drew industry leaders, developers, and tech innovators eager to explore AI's impact on real estate. Gawdat's insights highlighted how big data and digital innovation are not just tools but catalysts for a new era in property investment. As realty experts argue, Dubai's property market has always thrived on bold moves, but AI is proving to be its most transformative force yet. By arming younger buyers with unprecedented access to information and predictive analytics, it is dismantling barriers and rewriting the rules of engagement. While the human touch still guides complex decisions, the rise of AI signals a future where data reigns supreme, and a new generation of investors is ready to claim its stake in Dubai's glittering skyline. As the city continues to evolve, this fusion of technology and ambition ensures its property market remains a global pacesetter. issacjohn@
Mid East Info
13-05-2025
- Business
- Mid East Info
AI guides new generation of Dubai property buyers - Middle East Business News and Information
Market reports shows AI-driven tools attracting tech-savvy investors ahead of sold-out real estate summit Dubai, UAE: Dubai's buoyant real estate market is witnessing a generational shift, with AI playing a key part in attracting a new wave of younger buyers. A market report released by fäm Properties today reveals a steep drop in the average age of buyers over the last eight years – from 54 in 2017 to 44 in 2025 in the off-plan sector, and from 53 to 42 in the ready or re-sale market. AVERAGE AGE OF DUBAI REAL ESTATE BUYERS IN RECENT YEARS Year Off-plan Ready/re-sale 2017 54 53 2021 46 45 2022 45 45 2023 44 44 2024 44 42 2025 to date 44 42 The shift towards younger buyers is further underlined by real estate transactions so far in 2025, with 36-45-year-olds accounting for 40% of off plan sales and 44% ready and re-sale transactions. Meanwhile, the 21-25 age group bought 38.6% and 33.3% more property respectively in the two sectors compared with last year. The data is from AI-powered platform DXBinteract, a leading source of market intelligence and a symbol of how advanced technology is attracting younger buyers to the Dubai property market, providing insights and data to support their decision-making. AI technology tracks what buyers are searching for, what matters to them most, and how market patterns are changing, helping investors and buyers, as well as agents, make faster and better decisions. 'In the past, the market was dominated by older investors who relied on experience to make their investments,' said Firas Al Msaddi, CEO of fäm Properties. 'But AI and digital tools are making the market more transparent, and educating tech-savvy younger buyers. 'It's too early yet to rely on AI alone to decide where to invest, and human judgement is still important in a complex real estate market. But AI's role will grow as the tech develops.' The impact of AI, big data, and digital innovation on the real estate industry will be highlighted by t ech visionary Mo Gawdat, former Chief Business Officer at Google [X], when he delivers the keynote at the sold-out Game Changers 2.0 real estate summit in Dubai on Friday night. The event is a sell-out, with VIP tickets going for up to AED30,000. Gawdat will share the stage at the Coca Cola Arena with Al Msaddi and Dr. Mahmood AlBurai, Dubai Land Department's Senior Director Real Estate policies and innovation, to address an audience of industry professionals, developers, and tech leaders. So far in 2025, the 41-45 age group have accounted for the biggest share of total off-plan sales in Dubai – 21% – closely followed by 36 to 40-year-olds at 19%. DUBAI PROPERTY SALES BY AGE GROUP TO DATE IN 2025 Off-plan Ready/ Re-sale Sales share Age Deals Change vs 2024 Sales share Age Deals Change vs 2024 21% 41-45 8,365 +2.1% 23% 36-40 8,611 +9.2% 19% 36-40 7,433 -5.1% 21% 41-45 7,886 -2% 17% 46-50 6,572 -4.5% 16% 31-35 5,927 +9.8% 13% 31-35 4,999 -1.1% 15% 46-50 5,811 -2.4% 12% 51-55 4,852 -5.4% 10% 51-55 3,685 -4.4% 8% 56-60 3,344 -1% 7% 26-30 2,810 +31.9% 7% 26-30 2,651 +4% 6% 56-50 2,438 -8% 3% 21-25 1,095 +38.6% 2% 21-25 789 +33.3% The ready or re-sale sector shows a similar pattern, with the 36-40 age group accounting for 23% of all transactions, followed by the 41-45 segment at 21%. However, the younger age groups have recorded by far the biggest year-on-year increases so far, including 26-30-year-olds buying 31.9% more property in the ready or re-sale market.
Mid East Info
24-04-2025
- Business
- Mid East Info
Mo Gawdat to deliver keynote as Dubai Real Estate Summit turns industry spotlight on AI, Innovation - Middle East Business News and Information
Firas Al Msaddi says having global tech visionary on stage reflects city's commitment to stay ahead of the curve Dubai, UAE: April 24, 2025: Mo Gawdat, former Chief Business Officer at Google [X], renowned author and internationally recognised voice on AI and responsible innovation, will deliver the keynote at a major real estate summit in Dubai next month. Taking place at Coca-Cola Arena on May 16, Game Changers 2.0 will bring together industry professionals, developers, and tech leaders to explore how artificial intelligence, big data, and digital innovation are rapidly reshaping the industry. The event arrives as Dubai's property market continues to expand, with last year's record AED 528 billion in transactions followed by AED 142.7 billion in Q1 2025, the second-highest quarterly figure on record. As the city navigates this unprecedented growth, Game Changers 2.0 will spotlight how digital tools and AI-driven strategies can provide market clarity, reduce inefficiencies, and elevate service standards across the industry. Mo Gawdat's bestselling works, including 'Solve for Happy' and 'Scary Smart', have explored how technology can augment human decision-making. At the summit he will deliver a keynote on how AI is changing consumer behaviour, investment decision-making, and urban development – topics that are increasingly relevant for policymakers and property stakeholders alike. His appearance signals a growing convergence between tech and real estate, as Dubai seeks to future-proof its property sector. Gawdat's perspective is expected to touch on both the opportunities and risks of AI adoption, including its ethical use in consumer-facing services and its potential to accelerate smart city ambitions. Building on the success of the inaugural Game Changers event last October, the summit is organised by Firas Al Msaddi, CEO of fäm Properties and a leading figure in Dubai real estate, having built one of city's largest tech-driven brokerages, which currently manages a property investment portfolio of over AED15 billion. 'Having a global tech visionary like Mo Gawdat on stage reflects our commitment to stay ahead of the curve,' said Al Msaddi. 'Real estate doesn't exist in a vacuum. It's influenced by the same AI revolution sweeping other sectors. 'By learning directly from those at the forefront of this revolution, we can ensure that Dubai remains not just in step with world trends, but a few steps ahead. 'This event is about elevating the entire real estate ecosystem by embracing innovation,' added Al Msaddi. 'In an environment as dynamic as Dubai's, success hinges on how quickly we adapt to new technology and insights. By sharing data-driven strategies and AI-powered tools, we're ensuring brokers and investors can not only keep up with the market, but actually set the pace for its future direction.' Also joining Gawdat and Al Msaddi on stage at the Middle East's largest indoor arena will be Dr. Mahmood AlBurai, Dubai Land Department's Senior Director Real Estate policies and innovation. Dr AlBurai will open the summit with a focus on innovation, policy leadership, and the evolving city's real estate landscape. The event will offer panel discussions, interactive sessions, and real-world case studies on topics ranging from harnessing big data for market predictions to training brokers in emerging AI tools – all aimed at keeping Dubai's real estate professionals ahead of the curve. One of the core objectives of Game Changers 2.0 is to give real estate brokers the clarity they've been searching for when it comes to AI – not just what it is, but what it means for them. The event stands out for its highly engaging, interactive format where the speakers connect directly with the audience to answer the real questions: What's in it for me? What should I be doing today? How do I stay ahead? Said Al Msaddi: 'Unlike traditional events, this isn't a lecture, it's a live, spontaneous dialogue designed to deliver actionable answers brokers can apply in their daily operations immediately.' Summit sessions will explore how brokers and developers can embed emerging technologies into daily operations – from predictive analytics and automated valuations to AI-led client targeting and lead generation. Providing a roadmap for professionals navigating a fast-changing market, Game Changers 2.0 also reflects a broader regional narrative around digital transformation. As the Gulf economies diversify, real estate – one of the region's most dynamic sectors – is under pressure to adapt. About Coca-Cola Arena Opened in June 2019, Coca-Cola Arena has revolutionized the live entertainment industry in the UAE and throughout the Middle East. With a 17,000-seat capacity and unique automated seating design, the arena is equipped to host a diverse range of events all year round, establishing Dubai as a major destination on the global events circuit. The award-winning arena is the premier venue for sporting tournaments, international concerts, comedy shows, live theatre, corporate gatherings, exhibitions and conferences, gala dinners and the official home of Dubai Basketball, the city's first professional sports franchise team competing in European league competitions. Located in the heart of City Walk, Coca-Cola Arena is just 15 minutes from Dubai International Airport and a 5-minute walk from the nearest Metro station. The Dubai landmark is an asset of the Dubai Holding Entertainment portfolio and is managed by ASM Global, the world's leading venue management company. Ends
Zawya
24-04-2025
- Business
- Zawya
Mo Gawdat to deliver keynote as Dubai real estate summit turns industry spotlight on AI, Innovation
Dubai, UAE: Mo Gawdat, former Chief Business Officer at Google [X], renowned author and internationally recognised voice on AI and responsible innovation, will deliver the keynote at a major real estate summit in Dubai next month. Taking place at Coca-Cola Arena on May 16, Game Changers 2.0 will bring together industry professionals, developers, and tech leaders to explore how artificial intelligence, big data, and digital innovation are rapidly reshaping the industry. The event arrives as Dubai's property market continues to expand, with last year's record AED 528 billion in transactions followed by AED 142.7 billion in Q1 2025, the second-highest quarterly figure on record. As the city navigates this unprecedented growth, Game Changers 2.0 will spotlight how digital tools and AI-driven strategies can provide market clarity, reduce inefficiencies, and elevate service standards across the industry. Mo Gawdat's bestselling works, including 'Solve for Happy' and 'Scary Smart', have explored how technology can augment human decision-making. At the summit he will deliver a keynote on how AI is changing consumer behaviour, investment decision-making, and urban development - topics that are increasingly relevant for policymakers and property stakeholders alike. His appearance signals a growing convergence between tech and real estate, as Dubai seeks to future-proof its property sector. Gawdat's perspective is expected to touch on both the opportunities and risks of AI adoption, including its ethical use in consumer-facing services and its potential to accelerate smart city ambitions. Building on the success of the inaugural Game Changers event last October, the summit is organised by Firas Al Msaddi, CEO of fäm Properties and a leading figure in Dubai real estate, having built one of city's largest tech-driven brokerages, which currently manages a property investment portfolio of over AED15 billion. 'Having a global tech visionary like Mo Gawdat on stage reflects our commitment to stay ahead of the curve,' said Al Msaddi. 'Real estate doesn't exist in a vacuum. It's influenced by the same AI revolution sweeping other sectors. 'By learning directly from those at the forefront of this revolution, we can ensure that Dubai remains not just in step with world trends, but a few steps ahead. 'This event is about elevating the entire real estate ecosystem by embracing innovation,' added Al Msaddi. 'In an environment as dynamic as Dubai's, success hinges on how quickly we adapt to new technology and insights. By sharing data-driven strategies and AI-powered tools, we're ensuring brokers and investors can not only keep up with the market, but actually set the pace for its future direction.' Also joining Gawdat and Al Msaddi on stage at the Middle East's largest indoor arena will be Dr. Mahmood AlBurai, Dubai Land Department's Senior Director Real Estate policies and innovation. Dr AlBurai will open the summit with a focus on innovation, policy leadership, and the evolving city's real estate landscape. The event will offer panel discussions, interactive sessions, and real-world case studies on topics ranging from harnessing big data for market predictions to training brokers in emerging AI tools – all aimed at keeping Dubai's real estate professionals ahead of the curve. One of the core objectives of Game Changers 2.0 is to give real estate brokers the clarity they've been searching for when it comes to AI - not just what it is, but what it means for them. The event stands out for its highly engaging, interactive format where the speakers connect directly with the audience to answer the real questions: What's in it for me? What should I be doing today? How do I stay ahead? Said Al Msaddi: 'Unlike traditional events, this isn't a lecture, it's a live, spontaneous dialogue designed to deliver actionable answers brokers can apply in their daily operations immediately.' Summit sessions will explore how brokers and developers can embed emerging technologies into daily operations - from predictive analytics and automated valuations to AI-led client targeting and lead generation. Providing a roadmap for professionals navigating a fast-changing market, Game Changers 2.0 also reflects a broader regional narrative around digital transformation. As the Gulf economies diversify, real estate - one of the region's most dynamic sectors - is under pressure to adapt.
