| Abstract |
Highlights: What are the main findings? Smart technologies are mature enough to leave academic shelves and be utilized in the practical field; A total of 131 added values were captured from the investigated technologies, such as site selection using GIS; Smart technologies have the highest add values at the operation sub-phase; There are no other sufficient alternatives for real estate developers than utilizing smart technologies in real estate development; more smart real estate must be developed in the near future; City management and municipalities have a significant role in activating smart technologies and their added values, transitioning cities and real estate into smarter ones. What is the implication of the main finding? City management should invest in big data and geodata, develop a smart infrastructure, activate automated building permits, and create a digital twin for the city. Real estate developers should focus on GIS, BIM, Big Data, and AI, significantly impacting the acquisition and conception phases by using GIS for site selection, BIM for design, Big Data for market analysis, and AI for predictive analytics.Highlights: What are the main findings? Smart technologies are mature enough to leave academic shelves and be utilized in the practical field; A total of 131 added values were captured from the investigated technologies, such as site selection using GIS; Smart technologies have the highest add values at the operation sub-phase; There are no other sufficient alternatives for real estate developers than utilizing smart technologies in real estate development; more smart real estate must be developed in the near future; City management and municipalities have a significant role in activating smart technologies and their added values, transitioning cities and real estate into smarter ones. What is the implication of the main finding? City management should invest in big data and geodata, develop a smart infrastructure, activate automated building permits, and create a digital twin for the city. Real estate developers should focus on GIS, BIM, Big Data, and AI, significantly impacting the acquisition and conception phases by using GIS for site selection, BIM for design, Big Data for market analysis, and AI for predictive analytics.Highlights: What are the main findings? Smart technologies are mature enough to leave academic shelves and be utilized in the practical field; A total of 131 added values were captured from the investigated technologies, such as site selection using GIS; Smart technologies have the highest add values at the operation sub-phase; There are no other sufficient alternatives for real estate developers than utilizing smart technologies in real estate development; more smart real estate must be developed in the near future; City management and municipalities have a significant role in activating smart technologies and their added values, transitioning cities and real estate into smarter ones. What is the implication of the main finding? City management should invest in big data and geodata, develop a smart infrastructure, activate automated building permits, and create a digital twin for the city. Real estate developers should focus on GIS, BIM, Big Data, and AI, significantly impacting the acquisition and conception phases by using GIS for site selection, BIM for design, Big Data for market analysis, and AI for predictive analytics. Highlights: What are the main findings? Smart technologies are mature enough to leave academic shelves and be utilized in the practical field; A total of 131 added values were captured from the investigated technologies, such as site selection using GIS; Smart technologies have the highest add values at the operation sub-phase; There are no other sufficient alternatives for real estate developers than utilizing smart technologies in real estate development; more smart real estate must be developed in the near future; City management and municipalities have a significant role in activating smart technologies and their added values, transitioning cities and real estate into smarter ones. What is the implication of the main finding? City management should invest in big data and geodata, develop a smart infrastructure, activate automated building permits, and create a digital twin for the city. Real estate developers should focus on GIS, BIM, Big Data, and AI, significantly impacting the acquisition and conception phases by using GIS for site selection, BIM for design, Big Data for market analysis, and AI for predictive analytics.Abstract This study aims to identify the added value of smart city technologies in real estate development, one of the most significant factors that would transform traditional real estate into smart ones. In total, 16 technologies utilized at both levels have been investigated. The research followed an integrative review methodology; the review is based on 168 publications. The compiled results based on metadata analysis displayed the state of each technology's added values and usage in both scales. A total of 131 added values were identified. These added values were categorized based on the real estate life cycle sub-phases and processes. Moreover, the value of the integration between these technologies was revealed. The review and results proved that these technologies are mature enough for practical use; therefore, real estate developers, city management, planners, and experts should focus on implementing them. City management should invest in Big Data and geodata and adopt several technologies based on the aspects required for development. This study can influence stakeholders, enhance their decision-making on which technology would suit their needs, and provide recommendations on who to utilize them. Also, it provides a starting point for stakeholders who aim to establish a road map for incorporating smart technologies in future smart real estate. |
