Latest news with #DIFCInnovationHub
CairoScene
06-07-2025
- Business
- CairoScene
Dubai Launches PropTech Hub to Support 200 Startups by 2030
The Dubai PropTech Hub, launched by DIFC and Dubai Land Department, aims to back 200 startups, create 3,000 jobs and attract USD 300 million by 2030, reinforcing Dubai's real estate tech leadership. Jul 06, 2025 Dubai has launched its first dedicated PropTech innovation hub, a collaboration between the DIFC Innovation Hub and the Dubai Land Department (DLD), aimed at transforming the real estate sector using technology. Located within DIFC, the hub is designed to support over 200 PropTech startups and scale-ups, generate more than 3,000 jobs, and attract USD 300 million in investment by 2030. Under the guidance of Sheikh Hamdan bin Mohammed, Deputy Prime Minister of the UAE and Chairman of Dubai's Executive Council, the hub builds on the DLD's Real Estate Evolution Space (REES) initiative. It offers services tailored to PropTech firms, including customised licensing, purpose-built workspaces, incubators, venture-building support, joint pilot programmes, and access to regulatory and financial networks. Built on a collaborative model, the hub brings together regulators, developers like Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, infrastructure provider Transguard, technology firms, and investors. These founding partners are already piloting AI-powered smart-building and security solutions through the DIFC Innovation Hub. By fostering startup growth, job creation, and investment, the PropTech Hub aligns with the Dubai Economic Agenda D33 and Real Estate Sector Strategy 2033. Dubai aims to improve transparency, accessibility, and technological sophistication in its property market, supporting sustainable, smart-city development.
Fintech News ME
04-07-2025
- Business
- Fintech News ME
Dubai Launches Region's First Proptech Innovation Hub at DIFC
The Dubai International Financial Centre (DIFC) Innovation Hub and the Dubai Land Department (DLD) have announced the launch of the Dubai Proptech Hub, located within the DIFC Innovation Hub. This marks the first proptech-focused innovation hub in the Middle East, Africa, and South Asia (MEASA) region. The initiative is intended to bring together stakeholders across the real estate value chain and promote the use of technology in the sector. The hub will support over 200 proptech start-ups and scale-ups, with targets to create more than 3,000 jobs and attract over $300 million in investment by 2030. It will provide tailored licensing, dedicated workspaces, and a range of support programmes aimed at accelerating the commercialisation of new technologies. The Dubai Proptech Hub will also offer early-stage incubation, venture building, joint pilot programmes, and access to regulatory and financial services. These include initiatives designed to align participants with emerging global trends in property technology. Essa Kazim, Governor of DIFC, said: 'Laying the foundation for attracting more talent, this landmark initiative fast-tracks the expansion of the proptech market in Dubai and positions the emirate as a global leader in real estate innovation. Furthermore, this initiative will build renewed momentum for investment, aligning with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033.' Omar Hamad BuShehab, Director General of the DLD, said the hub builds on the department's Real Estate Evolution Space Initiative (REES), stating: 'By encouraging start-ups and providing advanced infrastructure and incubators, we are enhancing Dubai's global competitiveness and offering a smarter, more connected approach to real estate investment and development.' The hub is based on a multi-stakeholder collaboration model that includes regulators, developers, technology providers, investors, and service providers. Founding partners include developers such as Binghatti, Majid Al Futtaim, Sobha Realty, and Union Properties, as well as infrastructure firm Transguard, which is working with the DIFC Innovation Hub on AI-led building and security technologies. The initiative is part of wider efforts to make Dubai's real estate market more accessible, transparent, and technologically integrated.
Hi Dubai
04-07-2025
- Business
- Hi Dubai
Dubai Launches PropTech Hub to Drive Real Estate Innovation
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
Zawya
03-07-2025
- Business
- Zawya
Cigna Healthcare becomes first health partner for UAE startup ecosystem Ignyte
Coverage includes mental health support, chronic condition care, and workplace wellness tools tailored for start-up companies. Dubai, UAE – Cigna Healthcare Middle East, a global health services company, has signed a MoU with Ignyte, to provide comprehensive and scalable health coverage to start-ups registered with Ignyte. Ignyte is a key initiative under the Dubai Digital Economy Strategy, designed to drive exponential growth for start-ups across industries. This announcement makes Cigna Healthcare the first and exclusive healthcare provider associated with Ignyte. The agreement was signed during the Dubai FinTech Summit 2025, at Madinat Jumeirah, by Leah Cotterill, CEO of Cigna Healthcare Middle East and Africa (outside KSA), and Mohammad Alblooshi, Chief Executive Officer of the DIFC Innovation Hub. Cigna Healthcare will offer companies registered with Ignyte, access to affordable and flexible coverage plans that encompass founder and employee wellbeing, mental health, workplace wellness, and more. The policies also cover chronic health conditions, and plans can be scaled up as the startup continues to grow. Under the partnership, customers can benefit from exclusive discounts and a simple, hassle-free digital experience powered by Cigna Envoy®, featuring easy-to-use claim submission options. As Ignyte's go-to health and wellbeing partner, Cigna Healthcare Middle East is also able to tailor specific solutions for its 1,000+ startups and more than 100 mentors and investors. Leah Cotterill stated: 'Ignyte is shaping an exciting generation of businesses, and we are proud to be their go-to health and wellbeing partner. We believe that sustainable growth begins with investing in individuals. This partnership guarantees that startups and their teams have access to appropriate health solutions from the outset, enabling them to concentrate on building, scaling, and driving innovation with assurance. Mohammad Alblooshi said: 'Ignyte's mission is to empower entrepreneurs, and this partnership with Cigna Healthcare reinforces this goal by ensuring that all startups grow from a strong foundation of wellbeing. Health is not only a form of support, but it has also become a true strategic and competitive advantage in the business world." Ignyte members can benefit from Cigna Healthcare's Employee Assistance Program (EAP), which provides access to work/life resources and licensed clinicians to help individuals cope with a wide variety of concerns, from family and financial issues to emotional health and stress. About Cigna Healthcare Cigna Healthcare is a global health service company dedicated to helping people improve their health and vitality. With a heritage of over 250 years, Cigna Healthcare is committed to its promise of being together all the way in providing health care, clinical management, and wellness programs to employers, individuals, and governments around the world. Operating for more than 19 years in the Middle East region, Cigna Healthcare serves the GCC markets and Lebanon through its locally regulated entities. The company delivers both health and wellness services to individuals, employers, and government entities in the region. Cigna Healthcare has a deep understanding of the African continent for over 60 years, servicing over 250,000 members. Cigna Healthcare services corporates through direct partnerships with locally licensed insurers in each market, providing health insurance for local companies and multinationals. Cigna Healthcare maintains a global sales capability in 30 countries and jurisdictions, employing over 72,000 people who service more than 164 million customer relationships. To learn more about Cigna Healthcare, visit MEDIA CONTACT: Khalid Yahya Account Director APCO Worldwide Email: kyahya@
Time of India
17-06-2025
- Business
- Time of India
Dubai's Fintech Boom: Why Dubai is the Financial Innovation Hub of the Middle East - - The Economic Times Video
Dubai is fast emerging as the Middle East's fintech nerve centre—powered by a bold regulatory vision, investor confidence, and global founder interest. This video breaks down how initiatives such as the Dubai Fintech Summit, DIFC Innovation Hub, and sandbox licensing are fuelling a fintech revolution, with a spotlight on India-Dubai synergies.
