Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Facilio manages over 10,000+ properties globally, of which about 50 million sqft is located in the GCC region. The SaaS company, which provides AI-driven property operations and maintenance software, is looking to grow this 100 per cent by the end of 2023. Having doubled its workforce in the last one year, Facilio continues to make strategic hires and expand its channel partner network.
“The Middle East is a critical market for us, within which UAE, KSA and Qatar are where the majority of our customers are based. We currently manage 50 million sq ft space in this region, spread across commercial offices, residential, healthcare, hospitality & retail. We are aiming to double this by the end of 2023,” says Prabhu Ramachandran, CEO of Facilio.
“The C-suite has started viewing property operations technology as a strategic investment and wants better real-time visibility into how their real estate portfolios are performing. We have added product enhancements aimed at catering to this requirement,” he said.
As per a recent poll with over 200+ Middle East-based O&M professionals, 72 per cent said real estate owners and operators should directly invest in the CaFM software and own the data. In line with this, Facilio has strengthened its current product suite with an ‘Exec. Visibility Dashboard’. This dashboard gives a high-level overview to the senior leadership teams across property verticals enabling them to track critical O&M parameters around portfolio performance. It will help them make data-informed decisions that will directly impact their company’s bottomline by reducing operational costs and increasing productivity.
Facilio recently launched their AI-driven Connected Retail product to help retail portfolios such as convenience stores, food & fashion retail chains remotely monitor and control systems, deploy optimisation strategies at scale, and improve energy savings & asset performance.
Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, presented the awards to the winners in various categories
Move aims to deepen multi-sectoral cooperation
Brands in the UAE and the region have been advised to create the right awareness schemes that they’re deemed neutral
This continuous rise in investment is attributed to an emerging trend of financialisation of savings
The UAE registered trademarks totalling 4,610 in Q1
One of the driving forces behind the growth is the adventurous spirit of millennials and Gen Z
Figure reflects the emirate’s growing appeal as a preferred investment hub for innovative technology companies