General Authority for Real Estate and Its Role in Adopting Emerging Technologies
Artificial Intelligence (AI)
Artificial intelligence is driving rapid transformations in the global economy and society. It is estimated that global AI revenues will reach $90 billion USD by 2025, with an average annual growth rate of 45%. Moreover, AI is expected to contribute 14% to global GDP growth by 2030, amounting to $15.7 trillion USD.
The Kingdom of Saudi Arabia, through Vision 2030, has recognized the vast economic potential of artificial intelligence and is committed to leveraging this technology to diversify its economy, advance technological progress, and reinforce its position as a leading nation in the data-driven economy.
Vision 2030
Vision 2030 is an ambitious national plan that aims to build:
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A vibrant society
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A thriving economy
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An ambitious nation
by utilizing the Kingdom’s resources, as well as its human and technological capabilities. The Vision places significant emphasis on adopting emerging technologies such as:
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Artificial intelligence
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Renewable energy
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Digital transformation
to accelerate economic growth and achieve sustainable development.
Readiness of the General Authority for Real Estate to Adopt Emerging Technologies
In line with Council of Ministers Resolution No. (418) dated 25/07/1442 AH, which pertains to the establishment of the Digital Government Authority, the Emerging Technologies Adoption Readiness Award was launched, aiming to:
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Develop indicators and reports to measure the performance of government entities in digital transformation.
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Provide support and funding for adopting and implementing modern technologies.
The General Authority for Real Estate aligns with these objectives by seeking to enhance its digital capabilities and develop strategic plans to build a modern technological environment that supports innovation and operational efficiency.
Emerging Technologies Globally
Saudi Arabia is working to ensure inclusive access to modern technologies for all segments of society through projects and initiatives that promote connectivity, accessibility, and digital literacy—particularly for vulnerable groups such as:
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Women
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Youth
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The elderly
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People with disabilities
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Low-income individuals
Key Emerging Technologies
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Artificial Intelligence (AI)
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Internet of Things (IoT)
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Blockchain
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Augmented / Virtual Reality (AR/VR)
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Robotics
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Cloud Computing
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3D Printing
The Role of the General Authority for Real Estate in Utilizing Emerging Technologies
A Digital Success Story
The General Authority for Real Estate is a leading entity in leveraging modern technologies to develop the real estate market in the Kingdom by:
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Establishing market indicators based on fairness and transparency.
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Monitoring market trends and property values.
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Supporting market stability and improving accessibility to real estate.
Urban Monitoring Initiative
In cooperation with the Ministry of Municipal and Rural Affairs and Housing, the Authority launched an initiative to utilize drones for urban monitoring, with the aim to:
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Detect visual distortions.
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Identify encroachments on public and private properties.
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Build an accurate digital real estate map
Impact and Outcomes
Target Beneficiaries
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Property owners
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Investors
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Government and private sector entities
Technologies Used
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Drones
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Artificial Intelligence (AI)
Achieved Results
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80% increase in operational efficiency
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100% accuracy in data collection and map creation