DAMAC Properties

Mr. Ali Sajwani

1. What are some of the major challenges and trends that have been impacting Construction tech lately?

Technology is and has always been a tool for businesses to enhance our performance, productivity, processes, systems and services. With technology evolving faster than ever before, it is becoming increasingly essential for us to adapt and reinvent ourselves with agility. Adoption of latest technology like Digital Twin, Immersive 6D-&D BIM management, construction robotics and real time project management, blockchain based smart contracts, green communities and buildings are some of the trends impacting construction tech.

"Having optimised and humanised our data sets, we are now looking for new ways to utilise the data sets using advanced analytics and AI"

2. What keeps you up at night when it comes to some of the major predicaments in Construction tech?

Again, we strongly believe that technology has been playing a key role in real estate sector. As such, we adopt the latest tech, down the line change management for the company and experienced professionals who have end to end know how to implement and show tangible benefits.

3. Can you tell us about the latest project that you have been working on, and what are some of the technological and process elements that you leveraged to make the project successful?

At DAMAC, we are implementing a state-of-the-art cloud based PMIS (Project Management Information System) platform, which will cover the end to end construction management cycle right from Feasibility and Design, tender management, construction contract management, project management, QA and handover till the Payment cycle.

We are using a multi tenet private cloud for our document management. The whole PMIS process is being fully integrated with our ERP, GIS and sales systems. This digitisation of the construction lifecycle will also provide a single source of truth for Construction Management reporting & real time progress monitoring for the company.

4. What are some of the technological trends which excite you for the future of Construction tech?

As an innovative company, we are always looking at new ways to improve our processes on all fronts. Having optimised and humanised our data sets, we are now looking for new ways to utilise these data sets using advanced analytics and AI. Right now, the industry is catching up to emerging technologies. The biggest disruption could be the metaverse, where companies could use the BIM and upload there models for an immersive experience through avatars leading to better understanding of what finished products would look like, Facilities Management, gamification, upselling etc. This will change the way we view the construction industry.

 Apart from the above, smart city development, smart contracts, Digital Twins, 3D printing are some of the main technologies which can be a game changer for the future of Construction Tech.

5. Tell us more about DAMAC expansion plan.

DAMAC has recently closed the acquisition of the land in the upscale Miami neighbourhood of Surfside for $120 million where it plans to build an ultra-luxurious project.

To date, DAMAC Properties has delivered over 42,000 homes and has over 28,000 in development with projects in 15 cities around the world including Dubai, Jeddah, Riyadh, Beirut, Amman, Doha, Baghdad, Maldives, Toronto, Miami and London. To manage these 40,000 homes, DAMAC Properties established its own management facilities company which is ISO 9001 certified.