Latest news with #PropTech
Arabian Business
17 hours ago
- Business
- Arabian Business
Dubai launches first PropTech hub to support 200 startups by 2030
The DIFC Innovation Hub and Dubai Land Department have launched the Dubai PropTech Hub. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the hub is the first PropTech innovation centre in the Middle East, Africa and South Asia (MEASA) region. It will be housed within the DIFC Innovation Hub, which operates the first and largest financial technology accelerator in the MEASA region, the Dubai Media Office said in a statement. New hub to boost PropTech startups The initiative aims to transform real estate through technology by supporting more than 200 PropTech startups and scaleups. By 2030, the hub expects to generate more than 3,000 jobs and attract over $300 million in investment. The Dubai PropTech Hub will offer customised licensing options, purpose-built physical workspaces, and support programmes designed to accelerate innovation from concept to commercialisation. The facility will provide access to incubators, venture building services, joint pilots, and regulatory and financial infrastructure. Programme offerings include early-stage startup incubators and thought leadership programmes to help participants navigate PropTech trends. 'DIFC is proud to unveil the Dubai PropTech Hub and provide a world-class, financial and regulatory environment that supports real estate innovation. 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,' Essa Kazim, Governor of DIFC said. 'This hub is a natural extension of the Real Estate Evolution Space Initiative – 'REES' launched by DLD to support the innovation ecosystem and anticipate the future of the sector by harnessing technology and artificial intelligence. By encouraging startups 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,' Omar Hamad BuShehab, Director General of the Dubai Land Department added. The hub operates on a multi-stakeholder collaboration model, bringing together regulators, developers, technology companies, investors, and service providers. Founding partners include developers Binghatti, Majid Al Futtaim, Sobha Realty, and Union Properties, alongside infrastructure provider Transguard. These partners are exploring AI-powered smart building and security applications through DIFC Innovation Hub-led pilots. The Dubai PropTech Hub aims to create a more accessible, transparent, and tech-enabled property market for investors, residents, and stakeholders.
Zawya
21 hours ago
- Business
- Zawya
Binghatti to shape the future of real estate innovation as founding partner of Dubai PropTech Hub
Binghatti to get prioritised access to next-generation PropTech technologies Dubai, UAE - Binghatti Holding Ltd ('Binghatti Holding'), one of the UAE's leading real estate developers, has become a founding partner of the newly launched Dubai PropTech Hub, a groundbreaking initiative by DIFC Innovation Hub and Dubai Land Department (DLD). As a founding partner of the Dubai PropTech Hub, Binghatti will support the transformation of the real estate sector through the adoption of cutting-edge technologies such as artificial intelligence, blockchain, and sustainable smart infrastructure. Located within the DIFC Innovation Hub, the initiative will serve as a dynamic ecosystem that fosters collaboration between developers, start-ups, investors, and regulators. The Dubai PropTech Hub is expected to spur the growth of over 200 PropTech companies, creating more than 3,000 jobs, and attracting $300 million in venture capital by 2030. Through its Scale-up Accelerator, Living Lab, and bespoke innovation programs, the hub will give Binghatti prioritised access to next-generation PropTech start-ups to create innovative solutions tailored to the region's unique market dynamics across the entire real estate value chain. Katralnada BinGhatti, CEO of Binghatti Holding Ltd., commented: 'Binghatti Holding's partnership with the Dubai PropTech Hub underscores our commitment to shaping a smarter, more sustainable future for real estate in Dubai. Innovation and sustainability have always been at the heart of Binghatti's growth strategy and our partnership with the hub will reinforce our position as one of the most innovative real estate developers in the region. Our role in the PropTech Hub will also support the acceleration of our digital transformation strategy across our real estate developments through the integration of emerging technologies that will enhance operational efficiency, reduce energy consumption and make the customer experience more seamless.' Binghatti is redefining the real estate experience through a suite of cutting-edge technologies designed to enhance transparency, accessibility, and investor engagement. From high-fidelity 3D modelling and immersive virtual walk-throughs to AI-powered design simulations, the company is enabling clients to explore and interact with properties in real time, no matter where they are in the world. Binghatti is also pioneering blockchain-based property tokenisation, a breakthrough that simplifies transactions, enhances liquidity, and opens up fractional ownership opportunities. This initiative aligns with the Dubai Land Department's digitisation roadmap and supports the emirate's ambition to become a global leader in smart real estate. Binghatti's partnership with the PropTech Hub will also help shape the strategic priorities of the hub's agenda in the region, ensuring that its initiatives align with the evolving needs of the real estate sector and support the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033's ambition to make the Emirate the world's best city to live and work in. Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Meydan, Dubai Science Park, Dubai Production City, and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli. In the past six months, Binghatti has launched eight new projects featuring nearly 6,000 units spread across 4.4 million square feet. The company also announced in May that it had acquired freehold land with over 8 million square feet of gross floor area, with an anticipated total development value of over AED 25 billion. The land is in Nad Al Sheba 1, in the heart of Dubai's sought-after Meydan district, and is set to be used for what would be the company's first large-scale master-planned residential community in the Emirate. About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED 50 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,600 residential units over the past 18 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai.
Gulf Business
a day ago
- Business
- Gulf Business
Dubai PropTech Hub launches at DIFC Innovation Hub
Image: DIFC The DIFC Innovation Hub and Dubai Land Department (DLD) have launched the The Dubai PropTech Hub is expected to support more than 200 PropTech start-ups and scale-ups, generate over 3,000 jobs, and attract $300m in investment by 2030. The hub will offer startups customised licensing, purpose-built workspaces, advanced incubators, and access to joint pilots and venture-building initiatives. A comprehensive support system will help fast-track innovation from concept to commercialisation, while participants can benefit from early-stage incubators and global thought leadership programmes. Under the directives of Hamdan bin Mohammed, DIFC and Dubai Land Department have launched the Dubai PropTech Hub at the DIFC Innovation Hub. As the region's first PropTech hub, the initiative will bring together the entire real estate value chain, introducing a new model for… — Dubai Media Office (@DXBMediaOffice) Proptech Hub is a natural extension of REES 'DIFC is proud to unveil the Dubai PropTech Hub and provide a world-class financial and regulatory environment that supports real estate innovation,' said Essa Kazim, governor of DIFC. '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.' Omar Hamad BuShehab, director general of Dubai Land Department, added, 'This hub is a natural extension of the Real Estate Evolution Space Initiative ('REES') launched by DLD to support the innovation ecosystem. We are enhancing Dubai's global competitiveness and offering a smarter, more connected approach to real estate investment and development.' The PropTech Hub adopts a multi-stakeholder collaboration model, bringing together regulators, developers, investors, and service providers. Founding partners include leading developers such as Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and infrastructure provider Transguard, which is currently exploring AI-powered smart building and security applications through DIFC-led pilots. By leveraging advanced technologies, the Dubai PropTech Hub aims to create a more accessible, transparent, and tech-enabled property market for residents, investors, and global stakeholders.
Al Etihad
2 days ago
- Business
- Al Etihad
DIFC and DLD unveil Dubai PropTech Hub to position emirate as a global real estate tech leader
3 July 2025 18:56 DUBAI (ALETIHAD)Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, and the Dubai Land Department (DLD), have joined forces to launch the Dubai PropTech Hub in the DIFC Innovation region's first PropTech innovation hub will bring together the entire real estate value chain, offering a new model for collaboration, experimentation, and scalable innovation in one of the world's fastest-growing at transforming the future of real estate through technology, the hub will support more than 200 PropTech start-ups and scale-ups, generate more than 3,000 jobs, attract over $300 million in investment by 2030, and foster innovation and collaboration within the industry. It will provide customised licensing options, purpose-built physical workspaces, and a full suite of support programmes designed to fast-track innovation from concept to a comprehensive ecosystem, the Dubai PropTech Hub will provide access to advanced incubators, hands-on venture building, joint pilots, and a world-class regulatory and financial environment. Its offerings include bespoke initiatives such as early-stage start-up incubators and thought leadership programmes aimed at helping participants stay ahead of global PropTech of DIFC, His Excellency Essa Kazim, said, 'DIFC is proud to unveil the Dubai PropTech Hub and provide a world-class, financial and regulatory environment that supports real estate innovation. 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.'Director General of the Dubai Land Department, His Excellency Omar Hamad BuShehab, affirmed that this represents a pivotal step in achieving the objectives of the Dubai Real Estate Sector Strategy 2033 and further strengthening real estate excellence in the emirate. He said, 'This hub is a natural extension of the Real Estate Evolution Space Initiative - 'REES' launched by DLD to support the innovation ecosystem and anticipate the future of the sector by harnessing technology and artificial intelligence. 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.'One of the key differentiators of the Dubai PropTech Hub is its multi-stakeholder collaboration model, bringing together regulators, developers, technology companies, investors, and service providers under one partners include world-class developers such as Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and critical infrastructure providers like Transguard, who are already exploring AI-powered smart building and security applications via DIFC Innovation Hub-led pilots. Through the Dubai PropTech Hub, DIFC aims to provide investors, residents, and global stakeholders with a more accessible, transparent, and tech-enabled property market.
Zawya
25-06-2025
- Business
- Zawya
Rewriting the rules of home buying: AI-driven, buyer-focused
The UAE's PropTech sector has nearly tripled the number to 189 companies in the last two years Dubai's PropTech market to more than double in size to over AED 4.5 billion Dubai, UAE – Holo, a digital-first platform reinventing how people buy homes in the region, has introduced a next generation AI-powered agent built to make the home-buying process faster, more transparent, and far less stressful. Designed with the customer at heart, this mobile-first tool empowers Holo's advisors to tap into core platform features on the go, whether they're at their desks, on-site, or anywhere in between. The UAE's PropTech ecosystem is hitting its stride this year with a record 189 companies now listed, nearly triple the number from just two years ago. This surge reflects the larger momentum in the region's real estate market, where Dubai's residential market saw property values rise by 19.1% in 2024, reaching 13.3% above the 2014 peak [1]. Behind the numbers is a wave of innovation: AI and blockchain are no longer just buzzwords; they're reshaping how people invest, unlocking more flexible, data-driven models that align with the modern buyer's expectations for speed, transparency, and control. This momentum was further reinforced by the recent announcement of Dubai's AED4.5 billion PropTech Hub, aimed at accelerating innovation in real estate and positioning the emirate as a global leader in the PropTech market over the next five years, aligning with Dubai's Economic Agenda D33 and the Real Estate Sector Strategy 2033. This move isn't about replacing humans with robots. It's about giving real people smarter tools so they can do what they do best: guide home buyers through one of the biggest decisions of their lives. 'Our mission has always been to remove friction from the home-buying journey,' said Michael Hunter, CEO and Co-founder of Holo. 'With this mobile-first tool, we're not just speeding up processes: we're improving how we support our customers every step of the way.' Arran Summerhill, Co-founder of Holo, expressed a similar sentiment, adding, 'This isn't about replacing the human touch. It's about giving our team the tools they need to focus on what really matters. Helping people make confident home decisions with less hassle.' Summerhill added, 'Our continued investment in technology is part of its wider mission to build a better way to buy property, one that's accessible, data-driven, and built around real people. And in a market as dynamic as the UAE and KSA, there's never been a better time to rethink what 'smart' home-buying should actually look like.' This launch marks an important milestone, but the team isn't hitting pause. On the contrary, this is just the beginning of what Holo has planned for its AI roadmap. The next set of updates will introduce smarter document processing, intuitive notification systems that actually know what you need, and hyper-personalised insights designed to simplify decision-making for both buyers and the Holo team. Because the end goal here isn't just speed; it's clarity, confidence, and control. About Holo: Holo is a UAE-based fintech on a mission to simplify the process of owning a home by offering digital mortgage services in the Middle East for the very first time. For first-time buyers and homeowners exploring refinancing options, Holo's proprietary technology and trusted independent advisors take the guesswork out of buying property in the UAE, making the process easier, faster and completely stress-free. Launched in 2019, the company's founders set out to develop a secure and transparent algorithm-backed platform that would allow prospective homeowners complete visibility and access to a full range of unbiased mortgage and remortgage options from more than 20 local lenders, within minutes. Since then, Holo's diverse team of mortgage experts, tech developers and client servicing specialists have helped advise more than 10,000 clients in financing their homes and in 2020 launched a white-label home loan advisory solution available to brokers, real estate agents and property developers. Looking ahead, Holo is evolving its offering to further simplify the user journey, provide a real-time snapshot of all mortgage offers available, and expand its reach and presence across new markets in the GCC beginning with KSA. For more information about Holo, please visit For media inquiries, please contact: Alain Selfani | Srishti Soni | Amjad Mkayed Ruder Finn Atteline E-mail: Holo@
