Last Updated on: 5th July 2023, 09:39 pm
ChatGPT Helps To Develop The Construction Market in The UAE And Saudi Arabia
According to ZaZEN Properties, a Dubai-based property developer, around 90% of construction industry decision-makers in the United Arab Emirates (UAE) and Saudi Arabia are optimistic about market conditions.
They expect their projects to increase in value over the next year. These optimistic sentiments are fueled by technological advances, digitization, strong economic performance, a convenient location, and a focus on sustainability.
Technology, especially ChatGPT, has had a significant impact across industries and transformed the way people live and work around the world.
In the construction sector in the United Arab Emirates and Saudi Arabia, it is triggering a digital renaissance that will continue to shape the industry in the years to come. Construction decision-makers in both countries are already increasing their investments in future technologies, with 80% reporting such investments in recent months.
Widespread adoption of the technology should result in cost savings for developers, especially on off-plan projects. The UAE has played a leading role in promoting sustainability by implementing initiatives such as the Dubai Urban Master Plan 2040 and the UAE Net Zero 2050.
These initiatives aim to reduce carbon emissions and promote green real estate. You support the country’s Sustainable Development Goals and contribute to global efforts.
The UAE’s focus on sustainability is crucial given the recent rise in average global temperatures of over 1.5°C.
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