REAL ESTATE TECHNOLOGY
ShaikhTech | November 03, 2021
ShaikhTech, a Dubai based innovative technology company, announced its enhanced strategic contribution to the UAE's technology sector through Matterport's' revolutionary all-in-one 3D data platform. ShaikhTech is the official partner in the Middle East for Matterport (Nasdaq: MTTR), an American company that is the global leader in 3D VR technologies and 4K-quality immersive virtual reality tours. This year, ShaikhTech was chosen to feature the revolutionary Matterport technology at GITEX 2021, the largest technology exhibition and conference in the Middle East. ShaikhTech was selected to be a part of GITEX Future Stars, a program that showcases innovative technologies from around the world.
Through the introduction of Matterport's 3D virtualisation technology in the region, ShaikhTech is facilitating remote monitoring capabilities for the construction and real estate sector by enabling virtual tours and the creation of 3D digital twin models using artificial intelligence (AI). The cutting-edge technology means that Matterport allows remote collaboration through digital twins by teams improving communication, speeding execution, reducing costs and reducing the carbon footprint.
"We are honoured to have been selected to be part of 2021 GITEX Future Stars and have the opportunity to showcase this revolutionary technology leading the digitisation of the built world. A 3D digital twin of a property allows a 'one source of truth' which anyone can view and see the current status of any built space whether it is residential villas, commercial buildings, hotels, retail stores, factories, power plants, public transit. Particularly during the covid pandemic when travel was restricted, the Matterport technology was a God send allowing architectural and construction teams the freedom collaborate seamlessly across geographies."
- Zeeshan Shaikh, CEO of ShaikhTech
Matterport, the industry standard for 3D digital twin capture has focused on honing the immersive 3D experience for a wide range of audiences, from individuals to Fortune 500 companies, located across more than 150 countries. Apart from real estate promotion, Matterport's technology has transformed capabilities in a variety of industries, including architecture, engineering, and construction (AEC), facilities management, hospitality, interior design, insurance, restoration, retail, travel, and tourism.
ShaikhTech is a Dubai based technology company involved in property technology (Proptech), virtual reality (VR) / augmented reality (AR) technologies, mobility, IOT and robotics sectors. It is the official partner in the Middle East for Matterport (Nasdaq: MTTR), the global leader in 3D VR technologies and 4k quality immersive VR tours. Shaikh Tech provides digital solutions that are beneficial for numerous sectors with a special focus on real estate, tourism, hospitality, retail, media, design, trade, logistics and are honoured to be part of Dubai's Industrial Strategy 'For the Good of Tomorrow'.
Pennsylvania Association of Realtors | May 11, 2020
Every other state in the country has recognized that real estate professionals provide a life-sustaining service and that housing is a vital part of people's lives as well as the economy.
The state has given multiple inconsistent guidelines for the real estate industry that offer conflicting mandates, while other industries like construction.
The state is requiring personal protective equipment for real estate business that exceeds what other industries are required to do.
Pennsylvania is the only state in the country that continues to shut down most in-person real estate activities for the vast majority of Pennsylvanians during the pandemic. Every other state in the country has recognized that real estate professionals provide a life-sustaining service and that housing is a vital part of people's lives as well as the economy.
The governor's unreasonable restrictions have created a harmful situation for real estate professionals and consumers. The shutdown restrictions have created a marketplace of chaos for consumers and Realtors®. Consumers are reaching out to our members and the association, asking for advice on how they can buy, sell or rent a home during the state's incredibly restrictive shutdown. They're experiencing financial hardships and are essentially in limbo, because important in-person services are prohibited for most real estate transactions,
PAR President Bill Festa.
PAR encourages the state's General Assembly to pass House Bill 2412 (Polinchock) or Senate Bill 1135 (Boscola), both of which recognize real estate as a life-sustaining business and would allow real estate transactions to occur in every county of the commonwealth.
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Festa noted that the state has issued inconsistent and arbitrary guidance with stricter requirements for buyers, sellers and real estate professionals. The state has given multiple inconsistent guidelines for the real estate industry that offer conflicting mandates, while other industries like construction and automobile sales, have been given detailed and coherent rules that are able to be followed.
"The numerous discrepancies in these state-issued guidelines have placed an onerous burden on consumers and the real estate professionals who work with them," Festa said. "It's ridiculous that in areas that have started to reopen, the state is requiring personal protective equipment for real estate business that exceeds what other industries are required to do and what is recommended by the CDC and World Health Organization."
The state has also limited real estate activities to only two people at a time in a property, while allowing contractors performing repairs or renovations in an occupied home can have four workers at the property, plus the residents.
"Guidelines for in-person real estate should be consistent with other professions and allow at least four people in a property, while practicing social distancing," Festa said. "The governor's office refuses to discuss how finding shelter is life-sustaining to consumers."
PAR also said the state has failed to recognize a large sector of the real estate industry, ignoring the commercial and property management portions when issuing its guidance.
"The association believes that where in-person real estate activities are allowed, all residential, commercial and rental transactions should be permitted and regulated in a similar manner," he added. "The Department of State has consistently issued guidance that completely ignores a sizable segment of the industry."
"Our members and the association hear heart-breaking stories from consumers because of their housing uncertainty and financial hardships," Festa added. "It's outrageous that a majority of Pennsylvanians continue to be restricted from purchasing a home where they want to live."
Read More: The Ultimate Guide to Real Estate Lead Generation
About Pennsylvania Association of Realtors
The Pennsylvania Association of Realtors® is a trade/professional association that serves more than 35,000 members in the commonwealth of Pennsylvania. A member organization of the National Association of Realtors®, PAR is comprised of residential and commercial Realtors® who subscribe to a strict Code of Ethics and Standards of Practice. www.parealtor.org
Greater Las Vegas Association of Realtors | December 09, 2019
The Greater Las Vegas Association of Realtors is reporting this week that home prices in Southern Nevada stayed the same from October 2019 to November 2019, but are still up from one year ago. GLVAR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during November was $307,000. That's the same median price as October, but up 4.1% from $295,000 in November of 2018. Meanwhile, the median price of local condos and townhomes sold in November was $175,000. That was up 6.1% from $164,900 in November of 2018.