By Staff Reporter
Dubai has launched the region’s first PropTech innovation hub at the DIFC Innovation Hub, marking a major step toward transforming the real estate sector through advanced technology and collaboration.
Established under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the new Dubai PropTech Hub is a joint initiative between the DIFC Innovation Hub and the Dubai Land Department. It aims to reshape the property market by fostering innovation, attracting global investment, and streamlining real estate operations.
Set to support over 200 start-ups and scale-ups, the hub is expected to generate more than 3,000 jobs and attract upwards of $300 million in investment by 2030. The ecosystem will offer licensing support, tailored workspaces, venture-building programmes, and access to a world-class regulatory environment.
Essa Kazim, Governor of DIFC, highlighted the hub’s role in positioning Dubai as a global leader in PropTech, aligning with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033.
Omar Hamad BuShehab, Director General of DLD, emphasized the initiative’s connection to the Real Estate Evolution Space (REES), aimed at integrating AI and smart technologies to elevate Dubai’s global competitiveness in real estate.
The hub brings together regulators, developers, investors, and tech companies. Founding partners include leading developers like Binghatti, Majid Al Futtaim, and Sobha Realty, who are already piloting AI-powered solutions.
By bridging real estate and innovation, the Dubai PropTech Hub sets the stage for a more transparent, tech-enabled, and globally competitive property market.
News Source: Dubai Media Office
