The Dubai PropTech sector is prepared to significantly boost the value of technology within the real estate industry. It aims to double the real estate technology market to $1.2 billion. Dubai has established a dedicated PropTech hub to support this growth.
During a meeting of the Higher Committee for Future Technology and Digital Economy, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum—Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council—issued directives to launch the Dubai PropTech Hub.
The aim behind this is the rapid expansion of the PropTech sector. If the process continues smoothly, its value will double to AED 4.5 billion ($1.2 billion) and may increase even further.
Dubai PropTech Innovation Centre.
It supports Dubai’s ambition to become a global leader in real estate innovation, aligned with the Dubai Economic Agenda D33 and the Real Estate Sector Strategy 2033. During the meeting, the committee reviewed its business report, which highlighted the outcomes of past projects, progress on ongoing initiatives, and new proposals aimed at fostering innovation and promoting the growth of digital enterprises within an integrated economic environment.
Sheikh Hamdan emphasized that, guided by the visionary leadership of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai has become a global center for significant investments and exceptional talent, particularly in the real estate sector.
The emirate has adopted a unique model that combines sustainable development with digital transformation, positioning itself strongly to face future challenges. Sheikh Hamdan mentioned that the opening of the PropTech Hub is a strategic move to accelerate digital progress in one of Dubai’s key economic sectors.
Sheikh Hamdan further mentioned that the PropTech Hub is designed to strengthen Dubai’s international standing, draw high-caliber investments, and elevate the UAE’s global competitiveness. He highlighted that the hub will foster a supportive ecosystem where real estate professionals and entrepreneurs can turn their innovative ideas into thriving ventures.
He stated that the purpose is to support the growth of the PropTech industry in Dubai, encourage premium investment, and elevate the emirate’s international standing.
He emphasized the importance of integrating core industries—such as real estate, commerce, and manufacturing—with emerging digital technologies to ensure sustainable long-term growth and achieve the emirate’s strategic goals. He affirmed that the digital economy has become an integral part of our lives, driven by flexible governance, advanced systems, and a vibrant startup and innovation ecosystem.
By leveraging innovative digital tools, the PropTech Hub is designed to accelerate rapid growth in the real estate technology sector. This initiative aligns with the objectives of the Real Estate Sector Strategy 2033 and the D33 Economic Agenda, which aim to double the size of Dubai’s economy and position it among the top three global cities within the next decade.
Dubai’s PropTech sector was valued at AED 2.2 billion ($599 million) in 2023. The Hub aims to increase this by attracting over AED 1 billion ($272 million) in investments by 2030, supporting more than 200 PropTech companies, and engaging 20 investment funds.
Equipped with state-of-the-art facilities, the Hub provides a startup-friendly environment featuring enhanced incubators, interactive co-working spaces, and smart outdoor areas, along with cutting-edge technology to support the development and testing of AI-driven business models. Sheikh Hamdan bin Mohammed reviewed the committee’s report, which highlighted progress in digital initiatives such as the “5,000 Digital Talents” program, designed to secure placements for students in leading global technology companies.
Key topics included a review of the recent Expand North Star event—the largest of its kind worldwide—and plans to amplify its impact in the next edition. Sheikh Hamdan was also briefed on IGNITE, a strategic platform designed to promote innovation by connecting entrepreneurs with a global network of investors, industry leaders, and government agencies.
