Kaizen AI decides GCC real estate market needs its services
Kaizen AI, a pioneering technology company transforming large-scale building projects with AI, has entered the GCC real estate market where planned and under-construction project value stands at an estimated $1.36 trillion.
Of the $1.36 trillion, Saudi Arabia accounts for 64.5 per cent of the total real estate project value or $877 billion, while the UAE accounts for 21.6 per cent or $293 billion in value.
Run by Jay Shah and Anuj Shah, Kaizen AI increases income from building projects through its Artificial Intelligence (AI)-powered proprietary technology, all while reducing environmental impact without significant design changes.
Kaizen AI is a cutting-edge real estate value optimisation AI platform developed in India. Born from the pursuit of simplicity while achieving multiple objectives manually, it has evolved into an AI-driven solution that delivers remarkable increases in profitability while adhering to design constraints in record time.
With a track record of generating nearly $4 billion in tangible value for real estate developers worldwide, Kaizen AI is leading the way in redefining real estate excellence.
A 10 per cent reduction in the built environment or an increase in profitability to 40 per cent would make the GCC region’s real estate much more lucrative and more sustainable in the long run. It means less energy consumption, less pollution and more space for greenery.
Jay Shah, Founder of Kaizen AI, said: “We give the project developers the real-time optimisation and profit increase data that allows them to make informed decisions. Kaizen’s AI-powered technology is a game-changer for the real estate sector that helps developers increase profitability by as much as 40 per cent in certain cases when implemented at an early stage of the project development, where margins are shrinking due to materials price increase and inflation.”
Built environment and real estate are traditional industries that need technology-powered disruption. Kaizen AI’s innovative solutions could offer more than a 25 per cent increase in profitability. At the same time, it has, on average, delivered $27 million more profits per project and has reduced energy consumption significantly, he said.
“As the UAE celebrates 2023 as the Year of Sustainability, it is important for all of us to try and contribute to it in our way. Kaizen AI is making real estate more sustainable, and we have decided to launch our solution as the UAE prepares to host COP28 later this year,” Shah added.
The company has started consulting several real estate development companies in Dubai to help them increase profitability by making slight changes to the original designs within the approved variation limit, powered by AI.
“We have received a very strong response from several property developers who were amazed at Kaizen AI’s cutting-edge AI-powered technology, and we expect to help them increase profits from their buildings with our solution – which will help them increase their bottom line and reduce carbon footprint,” Shah said.
Kaizen AI draws its name from the Japanese business strategy that espouses continuous improvement. It optimises large-scale building projects using artificial intelligence to significantly increase profits while staying within design contour.
While architecture design takes six months to develop, and there remains a gap, its proprietary technology solves this in two weeks. It shows the developers of the scope of optimisation and profitability.