RIT Dubai student entrepreneurs launch real estate summit in Metaverse

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    Dubai, United Arab Emirates: Students from Rochester Institute of Technology (RIT) Dubai’s Department of Electrical Engineering and Computing are preparing to launch the first edition of a one-of-a-kind real estate summit in the Metaverse. Senior Computing and Security major Volston Abreo is convening Real Estate Worldscape 2023 to support education and knowledge sharing in the field and help shape Dubai’s future real estate market. The event will be staged through a hyper-realistic virtual “stage” featuring communication via voice and proximity chat systems. The platform was developed by Volston and his team in collaboration with the Mohammed Bin Rashid Smart Learning Program (MBRLP) with funding from RIT Dubai.

    Aimed at those involved or interested in Dubai’s real estate market, Real Estate Worldscape 2023 will bring together world-renowned thinkers, policy makers, developers and decision makers to shape the development of Dubai’s real estate sector. We support. Attendees will have the opportunity to hear from more than 20 inspiring speakers who will explore topics related to real estate, proptech, investing, and entrepreneurship through workshops, panel discussions, and Q&A sessions.

    The Metaverse Conference will also offer attendees the opportunity to participate in a unique virtual simulation, learn how to buy real estate at the right time, and find new opportunities by understanding market movements and economic trends. With over 550 properties to invest in, this simulation helps participants think like an informed real estate investor and build wealth in the Dubai market.

    Explaining the background and philosophy behind the summit, the 21-year-old Volston said: “The inspiration for our virtual stage Flege came during the pandemic, when we saw the potential of the metaverse in building an ecosystem where people connect to physical and virtual worlds. I chose to focus on the real estate sector to help launch the ecosystem because, despite being one of the most established industries here, there is a lack of innovation. I wanted to change the mindset of people in the industry and show them the value of bringing technology into this space.”

    To ensure accessibility and ease of participation at the summit, all participants will need a laptop and a reliable WiFi connection. Explaining how the immersive experience provides a game-like simulation that fosters learning, Volston said, “Participants enter a digital twin of Dubai, where the goal is to analyze market trends, “It’s about achieving cash flow by making the right decisions to buy and sell real estate in the right locations.” From the right time and right place. ”

    He added: “This simulation dates back to 2012, when Dubai was recovering from the global financial crisis. Participants took on the role of a typical individual with an average income and learned basic market and economic information. Place yourself in an environment where you can understand trends. 2012 was a year when the world was flooded with opportunities to build wealth in real estate, with the UAE announcing its official candidacy to host Expo 2020. Very few people caught it.”

    Volston’s project is one of many groundbreaking initiatives supported through RIT Dubai’s innovation ecosystem. Dr. Yousef Al Assaf, Rector of the University, explained: To facilitate this, we have developed an ecosystem that provides all students with an innovation journey, creating opportunities to explore entrepreneurship and advance ideas. ”

    He added: “Within this ecosystem, we will also provide academic, entrepreneurial and mentoring support in addition to financial resources, with the support of funding from the Mohammed Bin Rashid Smart Learning Program. This allows us to connect these innovative startups with the broader technology ecosystem across Dubai Silicon Oasis, giving them access to broader support and ultimately building successful businesses. We will be able to establish our position as

    Already integrated into the Dubai Silicon Oasis ecosystem, Mr. Volston has his own office space there and has a team of seven people working under him. Although he has not yet graduated from RIT Dubai, Volston says he is firmly set on building a decentralized digital ecosystem that will serve as a gateway to endless possibilities. Real Estate Worldscape 2023 is scheduled to take place later this month and is set to be the start of his long-term ambitions for the future.


    About RIT Dubai

    Founded in 2008, RIT Dubai is the nonprofit global campus of New York’s acclaimed Rochester Institute of Technology, one of the world’s leading technology universities with a 185-year history. Entering its next phase of growth in the region, RIT Dubai is now operational from the first phase of its new $136 million state-of-the-art campus development, with over 129,000 square meters of interactive This will provide a learning space.

    RIT Dubai offers highly valued bachelor’s and master’s degrees in business, leadership, engineering and computing. This curriculum provides students with relevant work experience through an innovative cooperative education program that helps students stand out in today’s competitive job market. RIT Dubai offers American degrees and all RIT programs are accredited by the UAE Ministry. RIT Dubai students also have the unique opportunity to choose to study abroad at either the main campus in New York or one of our other global campuses.


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