Latest news with #PropTechHub
TECHx
3 days ago
- Business
- TECHx
DIFC Launches Dubai PropTech Hub with DLD
Home » Latest news » DIFC Launches Dubai PropTech Hub with DLD Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the Dubai International Financial Centre (DIFC) and the Dubai Land Department (DLD) have announced the launch of the Dubai PropTech Hub. The new hub is located in the DIFC Innovation Hub, which is already home to the region's first and largest financial technology accelerator. This initiative aims to transform the real estate sector through technology. According to DIFC, the Dubai PropTech Hub will be the first of its kind in the Middle East, Africa, and South Asia (MEASA) region. It is designed to unite the entire real estate value chain in one space, offering a model for collaboration, experimentation, and scalable innovation. The hub is expected to: Support over 200 PropTech start-ups and scale-ups Generate more than 3,000 jobs Attract over $300 million in investment by 2030 It will also offer customised licensing, purpose-built workspaces, and full support programmes to accelerate innovation from concept to commercialisation. Moreover, the hub will include advanced incubators, hands-on venture building, joint pilot projects, and a world-class regulatory and financial environment. His Excellency Essa Kazim, Governor of DIFC, revealed that the hub supports real estate innovation and positions Dubai as a global leader in this space. He noted that it aligns with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. His Excellency Omar Hamad BuShehab, Director General of DLD, stated that the launch represents a significant step toward the goals of the Real Estate Sector Strategy 2033. He added that it builds on the Real Estate Evolution Space (REES) initiative by DLD to drive innovation using technology and artificial intelligence. The Dubai PropTech Hub will operate under a multi-stakeholder model, bringing together regulators, developers, technology firms, investors, and service providers. Founding partners include developers like Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and infrastructure provider Transguard. DIFC reported that these partners are already testing AI-powered smart building and security applications through DIFC-led pilots. Through this initiative, DIFC aims to offer a transparent, tech-enabled, and accessible property market for investors, residents, and stakeholders worldwide.
Al Etihad
3 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.
TECHx
20-05-2025
- Business
- TECHx
Dubai to Launch PropTech Hub to Boost AED4.5B Market
Home » Latest news » Dubai to Launch PropTech Hub to Boost AED4.5B Market His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has announced the launch of The Dubai PropTech Hub. Sheikh Hamdan, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy, chaired the committee's latest meeting and issued the directive. The Hub aims to accelerate the growth of the PropTech market, with a goal to more than double its value to over AED4.5 billion in five years. This move aligns with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. It was revealed that the Hub will foster real estate innovation and position Dubai as a global PropTech leader. The new initiative also supports the emirate's digital transformation efforts across key sectors. Sheikh Hamdan reviewed the committee's business report during the meeting. The report assessed previous achievements, tracked progress on current initiatives, and explored new proposals to boost digital enterprise development. Sheikh Hamdan stated that Dubai, under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, has become a hub for high-value investments and global talent. He noted that the real estate sector reflects this progress, supported by a balance between sustainability and digital transformation. He described the Hub as a strategic step toward accelerating innovation in one of Dubai's most vital economic sectors. The goal is to provide a nurturing environment for entrepreneurs and startups to turn innovative ideas into viable businesses. The Hub is expected to attract over AED1 billion in investments by 2030 It aims to support more than 200 PropTech companies and attract 20 investment funds Officials reported that Dubai's PropTech market was valued at AED2.2 billion in 2023. The new Hub will adopt cutting-edge digital tools to drive this figure higher, enhancing the sector's contribution to Dubai's economy. The ecosystem will include: State-of-the-art incubators and co-working spaces Smart outdoor areas and infrastructure for AI-powered model testing Sheikh Hamdan also reviewed the progress of major initiatives such as the '5,000 Digital Talents' program, which connects students with global tech companies. Other key updates included: Results from Expand North Star, the world's largest startup-investor event Developments around the IGNITE platform, designed to connect startups with investors, mentors, and government support The meeting was attended by top government and industry leaders, including His Excellency Omar bin Sultan Al Olama and members from Dubai Municipality, DIFC, Dubai Future Foundation, and TECOM Group. With this launch, Dubai reinforces its vision to lead in digital innovation and real estate technology on the global stage.
