Unleashing the Power of Artificial Intelligence in Real Estate Valuation: Opportunities and Challenges Ahead

Authors

  • Ibraheem Muzahem Alsahan Value Real Estate Appraisal Company, Saudi Arabia Author
  • Ziyad Ibraheem AlZaidan Asala Real Estate Appraisal Company, Saudi Arabia Author

DOI:

https://doi.org/10.60087/jklst.vol3.n2.p10

Keywords:

Real estate, artificial intelligence, valuation, appraiser, Saudi Arabia

Abstract

The convergence of real estate valuation and artificial intelligence (AI) represents a transformative frontier in the real estate industry. This paper explores the strategic importance of real estate valuation and the integration of AI technologies, shedding light on their multifaceted contributions to decision-making, value enhancement, and market insights. Through a comprehensive review of literature, theoretical frameworks, and industry insights, the study examines the potential of AI-driven valuation models, predictive analytics, and Explainable AI (XAI) techniques in revolutionizing traditional valuation practices. Key areas of future research, including data integration, ethical considerations, and the development of hybrid AI systems, are identified to advance the field and address emerging challenges. By leveraging AI technologies responsibly, stakeholders can unlock new opportunities for efficiency, accuracy, and transparency in real estate valuation, ultimately shaping a more resilient and sustainable future for the industry.

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Published

2024-06-25

How to Cite

Muzahem Alsahan, I. ., & Ibraheem AlZaidan, Z. . (2024). Unleashing the Power of Artificial Intelligence in Real Estate Valuation: Opportunities and Challenges Ahead. Journal of Knowledge Learning and Science Technology ISSN: 2959-6386 (online), 3(2), 1-10. https://doi.org/10.60087/jklst.vol3.n2.p10

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