The Bayut Big Broker Event 2019, held on 23rd April at Madinat Jumeirah, was a resounding success, uniting the entire real estate fraternity in a stimulating discussion on the way forward.
This first-of-its-kind real estate event in Dubai was led by highly credible speakers including Google’s Frontier Markets Country Manager - Farhan S Qureshi, Senior Advisor for Real Estate Regulatory Agency - Mahmoud El Burai, Executive Chairman and Founder of Asteco Property Management - Elaine Jones and Bayut’s CEO Haider Ali Khan. They were supported by the upbeat energy of the inimitable Spencer Lodge, CEO of Blue Sky Thinking, who was the moderator and host for the day.
Highlights from the Speakers at the Bayut Big Broker Event 2019
The #B3DXB event was conceptualised to engage in a positive discussion and facilitate an exchange of innovative ideas within the entire real estate industry in Dubai. Through this educational summit, we successfully brought together industry leaders, key decision makers and councillors, to spearhead a discussion on evolving trends in the Dubai property market and ways to overcome current challenges.
Addressing the audience, Haider Ali Khan reinforced Bayut’s commitment to customer excellence while supporting brokers and agents to achieve maximum sales outputs. He elaborated on the incredible journey Bayut has had in the UAE property market since its inception, leading up to the latest rounds of funding and the recent acquisition of Lamudi Middle East and reiterated the central focus of the Bayut brand - providing local solutions to customer needs.
"We are thrilled with the response and feedback from the Bayut Big Broker Event. It was a pleasure to bring together experts from government bodies, market leaders and key stakeholders such as Google, who shared valuable perspective and insights about why Dubai is a very attractive real estate market. By providing this platform for experts to come together, we were successful in raising the bar high for the real estate industry and hope to see it positively impacting all aspects of the real estate market in the future. At Bayut, we are committed to constantly evolving and innovating and the new products announced at the event will definitely make life easier for consumers. Personally I would love to use a product like TruCheck, which validates the authenticity and availability of a property and helps build trust. Digital technology and transformation are all about providing transparency and easing processes, and I am very happy to see that we are paving the way forward for all to follow."
To drive this customer focussed, data-driven approach that is at the core of the Bayut ethos, Haider Ali Khan also unveiled four industry-defining products at the summit. Here are some of the new products that end-users and brokers can soon benefit from:
- Interactive 2D and 3D Floor Plans for potential tenants and landlords to get a birds-eye view of a property
- SmartLeads which will provide brokers and agents with data relating to their customer's preferences
- TruCheck which will facilitate real estate agents to showcase the validity and availability of listings with time and location stamps
- Agent Reviews which will help brokers get positive leads through excellent service
In addition to these products, the brand new BayutPro app, exclusive to registered real estate professionals, integrated with these innovative agent-focussed features, was also unveiled at the event.
All these announcements are in line with Bayut’s consistent efforts towards improving the customer journey and providing value to the industry as a whole.
The role of technology was a prevailing subject throughout the event. Talking about Google’s collaborative efforts with Bayut, Farhan Qureshi expressed his confidence that technology will play a large role in addressing some of the challenges faced by the real estate market. He elaborated on the close partnership with Bayut and highlighted Bayut’s role in creating an engaged user-base for agencies. Farhan revealed that today, Bayut is the fastest real estate website in the UAE with a load time of lesser than 2 seconds. This means that customers looking for properties can immediately access information, increasing the visibility of listings for agencies working with Bayut.
"It has been a pleasure to participate in the Bayut Big Broker Event as a guest speaker. This event has been a great opportunity to explore three major global trends that are impacting the world today: rapid and widespread consumer acceptance of technology, artificial intelligence and machine learning and finally the disruption of traditional industries."
Echoing this sentiment, Mahmoud El Bourai also commented on the remarkable achievements of Dubai in the past few years with the help of pioneering ideas and investments in technology. He urged every real estate agent to embrace this innovative new world we live in and use it to drive interest in the UAE property market.
"We need to look ahead and work together towards a positive result with the use of some of these innovative products revealed by Bayut. Over the past few years, we have seen a series of efforts by the UAE Government spearhead innovation in the property sector with the adoption of smart services and applications and the launch of several innovative projects. Technology is the way forward and it will impact the way we buy, sell, rent, design, construct and manage real estate. I am glad to have been a part of the Bayut Big Broker Event and believe that there is plenty of opportunities for all of us to grow and be successful in this great country."
While Elaine Jones also believed in the positive role of technology in the industry, she applauded Bayut for providing agents with the right tools to build engagement, create trust and foster healthy communication. She elaborated that through events such as these, the industry can improve and learn new ways to stay connected with the user's requirements.
"I've seen the evolution of the UAE property market, right from 1985, when everything operated in a very different way. Today, it's a far more technology-driven environment, but the relationship between the agent and customer is still central to this journey. Bayut putting together this event is so very important to the growth of the real estate community as a whole. We need to learn, act and give our customers the experience they deserve using these innovative platforms. I'm privileged to have been a part of the Bayut Big Broker Event 2019."
Spencer Lodge, too, had a positive message for the audience. Focussing on data, using social media and creating a valuable brand were some of the central themes that he discussed at the event.
"I attended the Bayut Big Broker Event 2019 on Tuesday the 23rd of April and I must say I was amazed by what an awesome event a company like Bayut put together, making sure that green house logo is permanent on the map here in the UAE! They have demonstrated not only the innovation and technology that is a signature of the Bayut brand, but they have also exemplified the commitment of the entire team to the future of real estate in the UAE. It's been an absolute pleasure and I look forward to next year when we can do it all over again!"
Panel discussion at #B3DXB
These positive strategies were also discussed in the highly engaging panel discussion. Everything from the best ways to convert leads, to the relevance of traditional models of real estate was discussed at length.
The panel discussion was led by Firas Al Msaddi - CEO of Fam Properties, Lewis Allsopp - CEO of Allsopp & Allsopp, Alessia Sheglova - Managing Director of Dacha Real Estate, Abdullah Al Ajaji - Managing Director of Driven Properties and Dounia Fadi - CEO of MD Properties.
We are extremely thankful to all these amazing leaders for lending their support and making the Bayut Big Broker Event 2019 such a huge success.
Revealing the Winners of Bayut's Grand Prize
All of us at Bayut also extend our hearty congratulations to Mihaela Straton of Hadley Real Estate, the winner of our Grand Prize of AED 25,000. We also hope Donna Whyte from Urban Nest and Leila Zhilkibayeva from Driven Properties enjoy their vacations to Singapore and Phuket!
To check out the winning photos and more exciting updates from #B3DXB, don't forget to check out the Bayut Instagram page!
We look forward to welcoming you for the next edition of the Bayut Big Broker Event and welcome any feedback you have regarding our inaugural summit. Please write to us on email@example.com with your thoughts and stay tuned the best property blog in the UAE for more updates on our latest events.