Latest news with #RealEstateEvolutionSpace
CairoScene
4 days ago
- 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.
TECHx
6 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.
Hi Dubai
26-05-2025
- Business
- Hi Dubai
Dubai Land Department Launches Region's First Tokenised Real Estate Investment Platform
Dubai Land Department (DLD) has launched the Middle East and North Africa's first tokenised real estate investment project, marking a major step in modernizing property investment through digital technology. The pilot phase is live on the Prypco Mint platform, enabling UAE residents to buy tokenised shares in prime Dubai properties starting from AED 2,000. This groundbreaking initiative is a collaboration between DLD, Prypco, the Virtual Assets Regulatory Authority (VARA), the UAE Central Bank, and the Dubai Future Foundation. Zand Digital Bank supports the pilot phase as the official banking partner, reinforcing Dubai's role as the first MENA city to adopt a licensed platform for real estate tokenisation. The platform operates exclusively in UAE Dirhams, without cryptocurrency use during the pilot, and offers investors full transparency with access to detailed property data, pricing, and risk information. All transactions are safeguarded through a Client Money Account system overseen by the Central Bank, ensuring funds remain protected until purchases are finalized. This project aligns with Dubai's Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, aiming to boost innovation, attract global investors, and solidify Dubai's status as a smart real estate investment hub. Tokenised assets are expected to capture up to 7% of Dubai's real estate market by 2033, valued at AED 60 billion (USD 16 billion). Currently limited to ready-to-own properties and regulated tokenisation firms, the platform plans to expand access globally and include more licensed companies in future phases. Investors gain legally documented ownership shares with benefits from rental income and capital growth, offering a secure, transparent alternative to traditional property investment. This initiative is part of DLD's broader Real Estate Evolution Space (REES) to position Dubai at the forefront of PropTech and AI innovation in real estate. News Source: Emirates News Agency
