In today’s real estate industry, there is an increasing need for efficiency, sustainability, and innovation. Enter Artificial Intelligence (AI), a technology that has the potential to revolutionize the industry, from development to management to investment. Through AI, real estate companies can achieve a more significant ROI, while also contributing to a more sustainable future.
Revolutionizing Real Estate Development with AI
Basil Al-Hilal, the Founder and CEO of Hilal Holding, a company that manages several businesses across various industries, shares how AI technology has transformed real estate development. According to him, AI can analyze multiple sources of data, such as demographic, environmental, and economic to identify the best areas for real estate development. With AI’s deeper insights, it can optimize building design, reduce energy consumption, and create more sustainable developments. “Sustainable buildings and practices are not only better for the environment but also more cost-effective in the long run,” Al-Hilal added.
Sustainable Practices and Increased Profits with AI
Aside from the benefits in real estate development, AI technology also proves useful in property management saving time and resources for real estate developers. Automation of tasks such as maintenance, rent collection, and lease renewals is a feature that saves time for property managers, so they can focus on higher-level tasks. This increased efficiency reduces operational costs while ensuring that the tenant, investor, and other stakeholders receive a personalized positive experience. According to Al-Hilal, the ability to optimize operations using AI significantly increases profits and promotes sustainability throughout the real estate industry.
Diversified Investment Portfolio: Hilal Holding’s Successful Business Ventures
Hilal Holding showcases the strength of a diversified investment portfolio by successfully managing various lucrative businesses. One of them, Kira B.V., specializes in the transportation of large and heavy items, generating substantial revenue and contributing significantly to the company’s overall success. Hilal Holding has also expanded its reach into the food industry by managing a franchise of the well-known food chain Johnny’s Burger Company. This diversification into multiple industries showcases the company’s ability to adapt and thrive, minimizing risks, and raising stable returns, which further cements its position as a leading business conglomerate.
As AI continues to transform the real estate industry, real estate developers can maximize their profits while contributing to a more sustainable future. AI-driven technologies such as AI, IoT, and blockchain become commonplace in the industry, and we will see greater automation and data-driven decision-making. “By embracing this technology, real estate developers can maximize their profits while contributing to a more sustainable future for everyone,” emphasized Al-Hilal.