As 2021 begins, Inveniam is experiencing strong client demand internationally. We’re seeing keen interest in delivering valuation-as-a-service utilizing our software in the Middle East. Once dependent on oil, the region has seen explosive commercial real estate growth in recent years despite a brief Covid pullback. As PwC writes: “Albeit emerging, the regional real estate landscape has been rivaling the world’s leading markets, with plenty of media attention paid to the success stories of local champions and the grandeur of the many pioneering urban developments.”
In UAE, the Uptown Tower is in mid construction with 150+ meters built. Once completed, it will join a select cluster of super-tall structures exceeding the 300-meter mark & will feature hotel rooms, restaurants, conference facilities, offices, and residences. Meantime, Dubai has a moratorium on the building of new properties.
Frequent, consistent valuations derived from on demand access to digitally credentialed, private data with no data leakage (by utilizing zk cryptography – Zero Knowledge proofs) leads to greater transparency. This price discovery gives asset owners, lenders, and markets participants the confidence to open trading in mortgages and the underlying assets.