Press release
Demand for Property Management Software Is High U.A.E. & Saudi Arabia
Office space alone will account for roughly 9 million square meters (sq m) of gross leasable area in commercial properties in Dubai in 2021. It should be kept in mind that the information on commercial buildings used for retail, industry, logistics, and hotel is currently missing.
When you dig a little further, each property unit has a lot more data attached to it. Each unit comes with information on the unit's size and specs, availability date, letting rate, amenities, parking, V.A.T. status, etc. Managers require building information for each facility to manage maintenance, assets, and owner reporting.
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Why Is Property Management Software Important?
The demand for property management software in the U.A.E. is expanding due to increased building industry expenditures.
For example, the government of the U.A.E. has authorized spending a total of $15.5 billion on promoting infrastructure development and social, educational, health, and cultural initiatives in the nation.
To provide 8 million square meters of parks and green space to commercial and residential areas, 29 development projects totaling $544.5 million were authorized in Dubai in 2020.
A smart city program has also been started in Saudi Arabia by the Ministry of Municipal and Rural Affairs as one of the municipal transformation initiatives resulting from the National Transformation Program 2020 and the Saudi Vision 2030.
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Increasing Demand for SaaS Property Management Model
One of the most significant developments in the software sector is cloud computing, which has significantly altered how software programs are provided to users.
Software developers may now concentrate more on the technical aspects of their products while outsourcing the administration to cloud network operators thanks to this move. As a result, the delivery of services via the cloud and SaaS integration has gained popularity.
Furthermore, real estate firms are data-driven, and their staff depend on the most recent data to make critical choices. Offline networks greatly hamper decision-making since they make it challenging to get data from anywhere.
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