Transforming Saudi Arabia’s Real Estate Market: Huawei and Quant’s…

Quant, led by Ahmed Bukhamseen, is revolutionizing Saudi Arabia’s real estate market through comprehensive data solutions that enhance transparency and accessibility. In collaboration with Huawei, Quant is integrating high-resolution satellite imagery and local data, aiming to provide seamless property transactions through its mobile app. The company’s focus on complying with local regulations has allowed it to store and analyze large datasets effectively, positioning itself as a leader in the industry.

The real estate sector in Saudi Arabia has experienced transformation with the introduction of advanced data analytics by Quant, a company spearheaded by Ahmed Bukhamseen. Historically data-deprived, Saudi Arabia’s real estate market is now adopting comprehensive data solutions, improving transparency and accessibility for buyers and investors.

Quant’s platform emphasizes the importance of data, integrating elements such as advertised and realized prices, construction details, and spatiotemporal information. Their move to local data hosting was spurred by compliance with new Saudi regulations on data protection, similar to the GDPR laws in Europe.

The collaboration with Huawei emerged as Quant refined its business requirements. Initially reliant on data from municipal registries, Quant has since expanded its offerings through high-resolution satellite imagery and localized data sources. This has enabled improved analysis and storage capabilities, optimizing the processing of substantial amounts of data crucial for real estate insights.

The company has recently enhanced its satellite imagery capacity, acquiring up-to-date visuals every two weeks and soon switching to daily updates. This aims to provide users with a seamless experience, particularly on its mobile application that serves potential homebuyers, investors, and landlords alike, simplifying the process of finding property without the prior market inconsistencies.

Quant aggregates diverse datasets, including property prices, satellite images, and official planning documents, to support its users in property transactions. Looking ahead, the company intends to enhance its offerings with advanced model-building technology and revision of data for greater client value, including functionalities for retailers evaluating optimal store locations.

Quant anticipates rapid growth in conjunction with the developments in Saudi Arabia, asserting that foreign investors will soon access opportunities with minimal effort through advanced data insights. “We want to see you in Saudi, and see the return on real estate!” stated Ahmed Bukhamseen, emphasizing the need for rich data supporting informed investment decisions.

In conclusion, Quant’s innovative use of data technology is transforming the real estate landscape in Saudi Arabia, enhancing accessibility and transparency for various investors. Through strategic partnerships with firms like Huawei, the company aims to continue enriching its data platform and provide significant value to its users. Expectations for rapid growth and investment potential signal a promising future for the real estate market in the region.

Original Source: www.artificialintelligence-news.com