Advancing Real Property Valuation AI, Drones and Emerging Digital Technologies in Professional Practice and Education

Foreword
Preface and acknowledgements
List of Contributors

1. Valuation at a crossroads: From resistance to integration of human-digital systems in the profession

Johari Hussein Nassor Amar

Section 1: Digital Foundations and Frameworks in Valuation Practice

2. Emerging AI technologies in the valuation of tangible assets

Allen J Crawford and Kevin Brogan

3. Artificial intelligence and machine learning in property and real asset valuation: Policies, practices and emerging trends

Isara Khanjanasthiti, Samuel Gardner and Armin Taklif

4. Coevolution of artificial intelligence technology and the valuation profession

Hao Wu and Rita Wong

 5. Challenges and opportunities of data collection and computational analysis using AI in real estate valuation

Xin Janet Ge and Peter Raptis

Section 2: Applied Digital Innovations in Valuation Practice

6. Public sector valuations: Current and emerging technologies, and industry readiness

Elise Wallace, Adam Wallace, David Logue and Matthew Moorhead

7. Airport runway inspections: Transitioning from conventional methods to drone-based solutions

Isara Khanjanasthiti, Armin Taklif and Samuel Gardner

8. Generative AI prompt engineering basics for real estate appraisers

Keith Wolf and Johari Hussein Nassor Amar

Section 3: Innovating Valuation Education and Training for the Digital Era

9. The new role for academics in advancing artificial intelligence in real estate education

Steven Boyd

10. The future of valuation education: Incorporating augmented reality tools in training and skill development for valuers

Maximilian Neuger and Lynne Audrey Armitage

Section 4: Reflections on Legal, Ethical and Future Directions in Digital Valuation

11. A(I) legal perspective: Process, procedure, risk and GenAI use

Lucy Cradduck

12. Reflection on AI, big data and analytics in real estate valuation

Simon Benjamin Fonteyn

13. Quantum valuation: Navigating the disruption, seizing the opportunities in the new era

Greg Skulmoski, Alex Lang, Ashkan Memari and Cen Ying Lee

14. Valuation beyond the divide: Rethinking professional practice and standards in an era of digital transformation

Johari Hussein Nassor Amar

Index

Biography

Johari Hussein Nassor Amar is a Chartered Commercial Property Surveyor and Assistant Professor at Bond University in Australia, where she teaches valuation and various property-related subjects to both undergraduate and postgraduate property degree students. With more than 15 years of experience across academia, research and industry, she applies her commercial property expertise within a human-centric approach to explore the convergence of people, place and policy. This includes specialised work in aged and disability healthcare co-design. Her research and supervision encompass property valuation, affordable housing, built heritage and sustainable property futures, with a focus on integrating emerging technologies such as AI and LiDAR. Her work appears internationally in peer-reviewed academic journals, professional publications and mainstream media. Dr. Amar holds a PhD in Sustainable Development from Bond University, an MSc in Real Estate Management from KTH Royal Institute of Technology in Sweden and a BSc (Hons) in Land Management and Valuation from the University of Dar es Salaam, Tanzania.

Lynne Armitage was an Associate Professor in Urban Development at Bond University. Academically, Dr. Armitage lectured, led and established undergraduate and graduate programmes at UWS, University of Melbourne, QUT, Unitech Lae and Bond University. She has published over 50 refereed journal articles and consultancy reports, written and published four valuation and one land economics textbooks, authored two chapters in a valuation textbook for the American Institute of Appraisers and co-authored three book chapters with Dr. Amar on environmental offsets, heritage assets and people/environment fit (P-E Fit) for commercial office design. She held board positions with the Valuers’ Queensland Registration Board and the Surveyors’ Board of Queensland and chaired the RICS’ Oceania Education and Professional Standards Board. In addition, she was an external examiner of RICS- and API-accredited bachelor’s and master’s degrees in property in Australia, Malaysia and Papua New Guinea.