UAE leads by adopting tech in realty sector

Inayat-ur-Rahman,Deputy Business Editor

The UAE has taken a leadership role in the Middle East region in technology adoption in real estate sector. Dubai has largely been responsible for changing the mindset when it comes to adopting new technologies.

The COVID-19 crisis has served as an unexpected catalyst of tech adoption in real estate. New safety protocols, stringent regulations, and heightened consumer expectations around air quality and HVAC performance, have accelerated changes that were already underway. Progressive HVAC industry leaders are now looking to transition from a purely hardware-centric approach, to one that is backed by an integrated The Internet of Things (IoT) ecosystem, and driven by the power of open protocol software platforms.

Facilio has now been selected by Belimo, a global giant in the development, production, and sales of HVAC devices, for a strategic partnership. The move marks a significant shift for a leading hardware provider, seeking to adapt to the changing expectations of the real estate industry.

Addressing the growing need for efficient building operations, Facilio and Belimo will help real estate owners, operators, and service providers turn IoT data into operational insights and workflows to optimize building performance and comfort in real-time.

“For customers who are shifting to an agile, data-driven operating model, Facilio and Belimo will deliver a single connected operational environment, helping them gain complete real-time visibility and control of their space and equipment. We are excited to partner with market leader Belimo to significantly impact how the real estate industry transforms their property operations with data,” said Prabhu Ramachandran, CEO and Founder, Facilio.

Facilio’s O&M platform harnesses IoT and aggregates hard-to-access building data to optimize HVAC systems and building performance in real-time, implementing effective sustainability measures, and elevating the tenant experience – all from one place.

“The real estate industry is engaged in creating sustainable buildings and contributing to ESG goals through digital transformation and industry collaborations,” said Salvatore Cataldi, Global Strategic Building IoT Expert, Belimo.