Academia Open
Vol. 10 No. 2 (2025): December

Towards Strategic and Digital Reform in Uzbekistan’s Real Estate Management: Menuju Reformasi Strategis dan Digital dalam Manajemen Real Estat Uzbekistan

Mirdjalilova Dildora Shukhratovna (Associate professor of Tashkent university of architecture and civil engineering, PhD)



Article Info

Publish Date
24 Jul 2025

Abstract

General background: Real estate management is a cornerstone for sustainable economic development, particularly in transition economies like Uzbekistan undergoing reform and privatization. Specific background: Despite notable efforts toward digital transformation and structural reform, inefficiencies persist due to underutilized assets, fragmented information systems, and weak strategic planning. Knowledge gap: Existing studies emphasize legal, financial, or valuation models without integrating socio-economic metrics, digital governance, or public-private partnership (PPP) frameworks tailored to transitional economies. Aims: This study aims to develop an integrated methodology for improving the efficiency of real estate object management by combining empirical national data with global best practices. Results: Empirical analysis from 2018–2024 reveals significant improvements in digitalization and investment attraction; however, high vacancy rates and systemic inefficiencies remain. A forecast model predicts investment attraction will exceed 70% by 2030 if reforms persist. Novelty: The research introduces a multi-dimensional approach that incorporates correlational analysis, strategic planning, and PPP mechanisms, aligned with frameworks from the IMF and World Bank. Implications: Findings advocate for a systemic, digital, and socially-oriented management model that enhances fiscal stability, optimizes asset use, and aligns real estate governance with national development priorities.Highlights: Digital transformation is essential for improving real estate management through information systems and strategic planning. High vacancy and poor utilization still persist—about 31% of properties remain unused as of 2024 despite reforms. Investment attraction is rising, projected to reach 70.2% by 2030, driven by digital systems and public-private partnerships. Keywords: Real Estate, Management Efficiency, Digitalization, Investment, Public-Private Partnership

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Journal Info

Abbrev

acopen

Publisher

Subject

Medicine & Pharmacology Public Health

Description

Academia Open is published by Universitas Muhammadiyah Sidoarjo published 2 (two) issues per year (June and December). This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This ...