Indian firm set to change $1.36tr GCC realty projects with AI

Inayat-ur-Rahman, Business Editor

Kaizen AI, a pioneering technology company revolutionising large-scale building projects with AI, has successfully optimised 108 projects across Asia including Dubai, providing almost US$4 billion increased profitability, is entering the lucrative GCC real estate market where planned and under-construction projects value stands at an estimated US$1.36 trillion.

Of the $1.36 trillion, Saudi Arabia accounts for 64.5 percent of the total real estate project value or $877 billion while the UAE accounts for 21.6 percent or $293 billion in value.

Run by Columbia and UCLA Architecture graduates Jay Shah and Anuj Shah, Kaizen AI increases income from building projects through its Artificial Intelligence (AI)-powered proprietary technology, all while reducing environmental impact and without major design changes. What’s even more remarkable is with the company’s success fee-based model. It charges developers only based on tangible profitability increased.

Kaizen AI is a cutting-edge real estate value optimisation AI platform, proudly developed in India. Born from the pursuit of simplicity while achieving multiple objectives manually, it has evolved into an AI-driven solution that delivers remarkable increases in profitability while adhering to design constraints in record time. With a track record of generating near $4 billion in tangible value for real estate developers worldwide, Kaizen AI is leading the way in redefining real estate excellence.

A 10 per cent reduction in built environment or an increase of profitability to the tune of 40 percent would make the region’s real estate a much more lucrative and more sustainable in the long run. It means less energy consumption, less pollution and more space for greenery.

Jay Shah, Founder of Kaizen AI, says, “We give the project developers the real-time optimisation and profit increase data that allows them to undertake informed decision. Kaizen’s AI-powered technology is a game-changer for the real estate sector that helps developers increase profitability by as much as 40 percent in certain cases, when implemented at an early stage of the project development, where margins are shrinking due to materials price increase and inflation.”

Built environment and real estate are traditional industries that needs technology-powered disruption. Kaizen AI’s innovative solutions could offer more than 25 percent increase in profitability, while it has on an average delivered $27 million more profits per project and has reduced energy consumption by a significant amount, he said.

“As the UAE celebrates 2023 as the Year of Sustainability, it is important for all of us to try and contribute to it in our own way. Kaizen AI is making real estate more sustainable and we have decided to launch our solution as the UAE prepares to host COP28 later this year,” he added.

“The application of artificial intelligence within the UAE’s real estate market is quite new. The PropTech innovation is being integrated across a broad spectrum of use cases. These use cases range from providing enhanced property management experiences to aiding efficient property transaction and valuation procedures. As a team we will be glad to serve the GCC market as well,” he added.

The company has started consulting a number of real estate development companies in Dubai to help them increase profitability by making slight changes to the original designs within the approved variation limit, powered by AI.

“We have received very strong response from a number of property developers who were amazed with Kaizen AI’s cutting-edge AI-powered technology and we expect to help them increase profits from their buildings with our solution – that will help them increase their bottom line and reduce carbon footprint,” Jay Shah says.

The UAEs built environment consists of 134,081,000 civil structures scattered across the country. Kaizen AI could change them – both in terms of financial output and environmental impact – with its innovative solutions. Real estate developers in the UAE and other GCC countries can now increase profitability, optimise cost and reduce emission, by deploying innovative cutting-edge technology brought by Kaizen AI that offers greater value proposition.

Around six of the top 10 largest developers in India trust Kaizen AI with their projects as it delivers 10.46 percent increase in profitability on an average per project. Deployment of Kaizen AI could help developers benefit from an additional US$27 million in profits per project on an average.

Created by leadership with more than 100 years of combined real estate experience with international exposure, Kaizen AI optimisation have been carried out on projects with the top architects of the world, backed by the architectural experience of more than 100 million square feet of design. It helps property developers with data-driven recommendations through artificial intelligence.