The Dubai International Financial Centre (DIFC) Innovation Hub and the Dubai Land Department (DLD) have partnered to launch the Dubai PropTech Hub, positioning the emirate as a global leader in real estate technology. Located within the DIFC Innovation Hub, the region’s first PropTech innovation center aims to transform the real estate sector through technology and foster a new model for collaboration.
Under directives from His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, the hub is designed to bring together the entire real estate value chain. It aims to support over 200 PropTech startups and scale-ups, generating more than 3,000 jobs, and attracting over $300 million in investment by 2030. The initiative will provide customized licensing options, purpose-built physical workspaces, and a full suite of support programs to fast-track innovation from concept to commercialization.
The Dubai PropTech Hub will offer a comprehensive ecosystem, including access to advanced incubators, hands-on venture building, joint pilots, and a world-class regulatory and financial environment. Its bespoke initiatives, such as early-stage startup incubators and thought leadership programs, are designed to help participants stay ahead of global PropTech trends.
His Excellency Essa Kazim, Governor of DIFC, stated, “DIFC is proud to unveil the Dubai PropTech Hub and provide a world-class, financial and regulatory environment that supports real estate innovation. 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.” Kazim added that the initiative aligns with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033.
His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, emphasized the hub’s pivotal role in achieving the objectives of the Dubai Real Estate Sector Strategy 2033. “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,” BuShehab said.
A key differentiator of the Dubai PropTech Hub is its multi-stakeholder collaboration model, which integrates regulators, developers, technology companies, investors, and service providers to foster a cohesive ecosystem. Founding partners include developers such as Binghatti, Majid Al Futtaim, Sobha Realty, and Union Properties, alongside critical infrastructure provider Transguard, which is already exploring AI-powered smart building and security applications through DIFC Innovation Hub-led pilots.
Through this initiative, DIFC aims to provide investors, residents, and global stakeholders with a more accessible, transparent, and tech-enabled property market in Dubai.
–Input Dubai Media Office
