The Role of Technology in Transforming Real Estate Transactions in Uganda

Nabirye Aida N.

Faculty of Science and Technology Kampala International University Uganda

                                           ABSTRACT

Technology is significantly transforming real estate transactions in Uganda, addressing inefficiencies and modernizing the market. Digital platforms and marketplaces, such as Jumia House and Lamudi, have revolutionized property listings and accessibility, while blockchain technology enhances transaction security and reduces fraud. Mobile money and digital payments streamline financial transactions, and Geographic Information Systems (GIS) and drones improve property surveying and valuation. Artificial Intelligence (AI) and Big Data provide valuable insights and predictive analytics, optimizing investment decisions. These technological advancements have increased transparency, efficiency, and market reach, reduced costs, and improved transaction experiences. Despite challenges such as the digital divide and evolving regulatory frameworks, ongoing investment in technology and infrastructure promises further growth and innovation in Uganda’s real estate sector.

Keywords: Digital Platforms, Blockchain Technology, Mobile Payments, Geographic Information Systems (GIS), Artificial Intelligence (AI)

CITE AS: Nabirye Aida N. (2024). The Role of Technology in Transforming Real Estate Transactions in Uganda. NEWPORT INTERNATIONAL JOURNAL OF CURRENT ISSUES IN ARTS AND MANAGEMENT,4(3):49-52. https://doi.org/10.59298/NIJCIAM/2024/4.3.4952