Dubai is breaking onto the real estate innovation scene by launching the first dedicated platform of its kind in the region the Dubai PropTech Hub. A joint initiative between the Dubai Land Department (DLD) and the DIFC Innovation Hub, this new ecosystem is set to reshape how property markets work, with a cutting-edge technology with real estate expertise.
It is not only a work place, it is a launchpad. The aim is to back over 200 PropTech start-ups and scale-ups, create 3,000+ new employment opportunities, and lure in up to 300 million investments by the year 2030.
The platform is strategically based in the DIFC Innovation Hub where it offers all that the modern tech-heavy property projects require to be successful: a tailor-made licensing, superior incubators, venture-building services, and a regulated environment where innovation thrives. It also has purpose-built working spaces and shared pilot programs, encouraging collaboration with startups, developers, regulators, and investors.
Major industry players such as Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and Transguard are already implementing pilot projects of smart buildings based on AI and new levels of security.
The goal of this multi-stakeholder model is to increase transparency, accessibility, and efficiency of real estate in Dubai- creating an innovative and tech-enabled ecosystem in which growth is achieved through innovation.
You are the start-up that wants to shake up the market, or the investor searching the next BIG thing in real estate, you will have a front row seat to the future of property in Dubai PropTech Hub.
News Source – https://www.arabianbusiness.com/industries/real-estate/dubai-launches-first-proptech-hub-to-support-200-startups-by-2030
For personalized guidance and expert advice on Dubai real estate, Keystone is here to help. Contact us today +971 58 542 1007 | sales@ksgre.com to connect with a knowledgeable agent who can address your specific needs and guide you through every step of buying your dream home.
Join The Discussion