Latest news with #RealEstateSectorStrategy2033
TECHx
04-07-2025
- 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.
Mid East Info
26-06-2025
- Business
- Mid East Info
Rewriting the Rules of Home Buying: AI-Driven, Buyer-Focused
Mobile-first tool empowers advisors to access platform features, submit documents, and support clients on the go in real time 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 – June 25th, 2025 – 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. 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 Phone: +971 52 300 2006 | +971 50 647 3920 | +971 50 235 1814 E-mail: Holo@
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
Hi Dubai
14-05-2025
- Business
- Hi Dubai
Hamdan bin Mohammed Launches Barwa Programme to Empower Senior Citizens, People of Determination in Dubai
Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has launched the 'Barwa' programme, a pioneering initiative by the Dubai Land Department and Community Development Authority aimed at supporting senior citizens and People of Determination in managing their real estate assets independently. Unveiled under the slogan 'You are valuable and should always be appreciated,' the Barwa programme is the first of its kind in the region. It offers a human-centred approach to property services, combining digital, advisory, and on-site support to enhance the quality of life and promote inclusion and social stability. The initiative aligns with the Dubai Social Agenda 33 and Real Estate Sector Strategy 2033, focusing on accessible, sustainable services that cater to the diverse needs of its beneficiaries. Dedicated mobile teams, personal assistants, and digital platforms such as Al Kaitoob and Al Mersal ensure real estate transactions can be handled easily and efficiently from the comfort of beneficiaries' homes. A ceremony marking the launch included the signing of key cooperation agreements with public and private entities, including Harbour Real Estate, Al Ruwad, and service trustee centres Afnan and Al Tabou. Officials from both DLD and CDA highlighted the programme's role in protecting real estate rights, simplifying asset management, and reinforcing social cohesion. Specialised lounges, financial advisory, and educational workshops further complement the offering. Barwa stands as a new model of collaborative governance in Dubai, designed to deliver real-world impact by placing dignity, independence, and social well-being at the heart of public service. News Source: Emirates News Agency
Arabian Business
15-04-2025
- Business
- Arabian Business
IPS 2025: Dubai real estate sector recorded over $207bn of transactions last year, but investments can start at $136
With the Dubai real estate sector recording transactions worth AED761bn ($207.2bn) in 2024 the market is undergoing an ongoing boom. The first day of IPS 2025 kicked off with high-level panel discussions and presentations highlighting the latest trends in the global real estate sector, from integrating sustainability and modern technologies to emphasising on innovative solutions such as fractional investment platforms. The event featured a selection of real estate leaders and experts from around the world, who discussed the challenges and opportunities in shaping the future of urban infrastructure and ways to develop more flexible and inclusive investment models in a rapidly changing global environment. Dubai real estate trends The event began with a session titled 'A Roadmap for the Future of the Real Estate Sector and Urban Transformation in Dubai.' Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department (DLD) and Chairman of the IPS Organising Committee, participated in the session. Al Marri emphasised that Dubai's real estate market is making steady progress toward achieving the goals of the Real Estate Sector Strategy 2033, launched in October 2024, with strong indicators confirming its growth and stability. He highlighted the exceptional performance of Dubai's real estate sector in 2024, recording transactions worth AED761bn ($207.2bn) in 2024, a 36 per cent increase compared to 2023. He also reviewed the most prominent initiatives launched by DLD to achieve the goals of the 2033 strategy, which will include 30 initiatives, including the Smart Rental Index, the REES initiative, and real estate coding. Dawood Al Shezawi, President of IPS, said: 'IPS is a strategic platform that directly aligns with the objectives of the Dubai Real Estate Strategy 2033, through its effective contribution to creating an integrated investment environment that enhances transparency, supports innovation, and achieves a balance between supply and demand. 'We annually work to attract the most prominent local and international developers, government agencies, and investors from around the world. This year, the exhibition brings together more than 300 elite local and international real estate developers. 'IPS contributes to achieving the pillars of the 2033 Strategy by enabling direct communication between all parties in the real estate ecosystem and providing spaces for discussion and knowledge exchange through conferences and dialogue sessions that keep pace with the latest global trends, including the main conference, the Institutional Investors Conference, and the IPS Women Conference. 'We are proud to have IPS as an effective partner in implementing this ambitious vision, and we will continue to work to ensure that the exhibition serves as a practical tool for driving real estate development and achieving sustainable growth in line with Dubai's ambitions for 2033 and beyond.' The first day featured several presentations, including the Deed platform, which offers an innovative solution aimed at creating new revenue streams and streamlining investment opportunities. In light of the increasing challenges facing real estate brokers, such as high lead generation costs, low conversion rates, and intense market competition, the platform focuses on enabling brokers to deliver added value to their clients through a flexible and efficient investment model. Deed is a fractional real estate investment platform licensed by the Dubai International Financial Centre (DIFC). It allows investors to own shares in luxury properties in Dubai, starting from as little as AED500 ($136). The platform removes traditional barriers that typically prevent individuals from entering the real estate market, such as high purchase costs, complex mortgage financing, and the hassle of managing real estate assets.
