A Comprehensive Evaluation Framework for Smarter Cities and Real Estate

Al-Rimawi, Tarek and Nadler, Michael (2025) A Comprehensive Evaluation Framework for Smarter Cities and Real Estate. URBAN INNOVATION: TO BOLDLY GO WHERE NO CITIES HAVE GONE BEFORE. Medium sized cities and towns as a major arena of global urbanisation. Proceedings of REAL CORP 2025, 30th Intl. Conference on Urban Development, Regional Planning and Information Society. pp. 1047-1055. ISSN 2521-3938

Text (A Comprehensive Evaluation Framework for Smarter Cities and Real Estate) CORP2025_93.pdf - Published Version Download (8MB)

Abstract

The terms smart city and smart real estate are often used with different definitions and scopes, as several fields and experts are involved in developing them, and each expert defines them based on their field. This study traces the concept of smart cities and identifies what a smart city and smart real estate are. There is a need for a framework that identifies what makes a city or real estate “smart” and aligns the definition to be suitable across different fields. Integrating smart technologies in urban development is crucial for enhancing cities' and real estate projects' smartness, efficiency, and sustainability. Although real estate technology-based companies have grown significantly, the global real estate industry still lags several years behind the technology curve. This study introduces a comprehensive evaluation framework to assess the smartness and integration of cities and real estate. The study identifies key success features and indicators. The developed framework is based on seven identified categories: smart governance, smart people, smart infrastructure, smart energy, smart environment, smart technology, and real estate status. A comparative benchmark analysis was utilized to demonstrate the practical application of the framework and to assess the current stages of smartness worldwide, revealing significant integration of smart solutions and highlighting improvement areas. The findings highlight the correlation between indicators and the strategies for integrating smart real estate into smart cities. The developed framework provides valuable insights for urban planners, municipalities, real estate developers, and other stakeholders to achieve smarter development and improve urban living conditions.

Item Type:	Article
Uncontrolled Keywords:	smart city, smart buildings, smart real estate, smart technologies, evaluation framework
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor Q Science > QA Mathematics > QA76 Computer software
Depositing User:	REAL CORP Administrator
Date Deposited:	23 May 2025 09:55
Last Modified:	07 Jul 2025 09:05
URI:	http://repository.corp.at/id/eprint/1205

Actions (login required)

View Item