Saudi Arabia’s real estate market is undergoing a digital transformation, thanks to an innovative partnership between data-driven company Quant and Chinese tech giant Huawei. This collaboration is set to enhance transparency, efficiency, and accessibility in the property investment sector.
The Evolution of Saudi Arabia’s Property Market
Despite being one of the world’s wealthiest nations, Saudi Arabia’s real estate sector has historically lacked comprehensive data accessibility. Investors and homebuyers faced significant challenges in obtaining reliable pricing and development insights. Recognizing this gap, Ahmed Bukhamseen, the founder of Quant, set out to create a platform that would democratize property data and streamline real estate transactions.
Leveraging Big Data for Real Estate Insights
Quant’s platform integrates multiple data sources, including advertised and realized property prices, municipal registries, construction records, and high-resolution satellite imagery. By aggregating this information, the platform provides a holistic view of the real estate landscape, empowering buyers and investors with actionable insights.
Why Huawei? Ensuring Compliance and Performance
To comply with Saudi Arabia’s stringent data protection regulations, which align with GDPR standards, Quant made a strategic decision to shift its cloud infrastructure from Microsoft Azure in Europe to a local hosting solution. This is where Huawei stepped in, offering a robust, high-performance cloud service tailored for the Middle Eastern market.
Huawei’s cloud capabilities provided Quant with the scalability and security needed to handle vast amounts of real estate data efficiently. The transition also significantly reduced latency, ensuring a seamless experience for users accessing real-time property information through Quant’s mobile application.
Integrating Advanced AI and Satellite Imaging
One of the key features of Quant’s platform is its integration with satellite imaging technology. Initially, the company retrieved building data every two weeks, but with Huawei’s support, it is now moving toward daily image updates. This advancement allows investors to monitor construction progress, verify zoning regulations, and make informed decisions based on the latest developments.
Expanding Beyond Property Sales
Quant is not stopping at property transactions. The company is developing AI-driven features that will help retailers identify optimal locations for new stores based on demographic data and urban growth patterns. Additionally, plans are underway to include rental market analytics, further broadening the platform’s utility.
The Future of Real Estate Investment in Saudi Arabia
With Saudi Arabia’s rapid urban expansion, Quant and Huawei aim to keep pace by continuously refining their data models and expanding their reach. Investors, both local and international, will soon be able to make data-backed decisions with just a few clicks, maximizing their returns in a fast-evolving market.
The real estate sector is not the only industry benefiting from cutting-edge AI-powered cloud solutions. Similar advancements are being made globally, such as Huawei Cloud Thailand’s recent unveiling of AI-powered cloud services, showcasing the company’s commitment to driving digital transformation across multiple sectors.
As Saudi Arabia continues its journey toward becoming a global investment hub, innovations like Quant’s real estate intelligence platform will play a crucial role in shaping the future of property transactions.
