Dubai launches PropTech hub to drive real estate innovation
Dubai is launching a PropTech Hub to drive innovation in the real estate sector and more than double the value of the emirate's property technology market to over AED 4.5 billion in five years.
The move supports the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, both of which aim to position the city among the world's top three economic destinations.
The announcement was made during a meeting of the Higher Committee for Future Technology and Digital Economy, chaired by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister.
By 2030, the hub is expected to attract over AED 1 billion in investments, support more than 200 PropTech companies, and bring in 20 investment funds focused on real estate innovation.
Sheikh Hamdan emphasised that the initiative reflects Dubai's continued efforts to build a flexible, future-ready digital economy, supported by strong infrastructure, legal frameworks and a thriving startup ecosystem.
The Dubai PropTech Hub will serve as a launchpad for entrepreneurs and investors, creating new opportunities in smart property solutions and helping to shape the future of real estate in the region.
Hamdan bin Mohammed chaired a meeting of the Committee for Future Technology and Digital Economy and issued directives to launch the Dubai PropTech Hub. This initiative aims to accelerate the growth of the PropTech market in the emirate, targeting more than a doubling of its… pic.twitter.com/aWmqElkxeS
— Dubai Media Office (@DXBMediaOffice) May 19, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sharjah 24
2 hours ago
- Sharjah 24
SEC approves unified guide for commercial signage in Sharjah
At the outset, the Council extended heartfelt congratulations to President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and to all the Rulers, citizens, residents, and Muslims on the occasion of the approaching Eid Al-Adha. New jobs and training support for citizens The Council praised the Ruler of Sharjah's recent approval of 400 new jobs for Emirati men and women in government departments across the emirate. It also commended the allocation of AED 55.8 million to the Sharjah Programme for Training and Qualifying Jobseekers — a move that underscores the Ruler's commitment to supporting citizens, boosting employment, and enhancing quality of life and professional development. Al Hamriyah Port fire response applauded The Council expressed its deep appreciation for the swift and professional response by national teams to the recent fire at Hamriyah Port. It noted the high level of readiness, coordination, and effective crisis management, particularly by Sharjah Police, the Ministry of Defence, Ministry of Interior, National Guard, Civil Defence, emergency and crisis management bodies, and other local and federal authorities. Their efforts successfully prevented any loss of life. Unified signage guide approved A new unified guide for advertising and commercial signage was approved to harmonise business branding with the emirate's visual identity and aesthetic appeal. The guide provides design principles, permit processes, and regulatory standards for signage, aiming to create an attractive and well-organised urban environment. It covers categories such as shop signs, directional signage, and promotional boards, along with placement criteria and supervision protocols. Sharjah reinforces family and social values The Council reviewed several ongoing social initiatives aimed at strengthening Emirati families, nurturing intergenerational bonds, and upholding national, cultural, and religious identity. These efforts are part of Sharjah's broader social vision to preserve community values while supporting growth and cohesion within local households.
TAG 91.1
3 hours ago
- TAG 91.1
UAE to apply outdoor midday work ban from June 15
The annual outdoor work ban between the hours of 12:30 p.m. and 3:00 p.m. is expected to come into force on June 15 and end on September 15, the Ministry of Human Resources and Emiratisation (MoHRE) announced. For the 21st consecutive year, is part of a sustainable approach implemented by the UAE to provide a safe work environment that meets best practices and occupational health and safety requirements, thus protecting workers from injuries and damages that may result from working in high temperatures during the summer months. His Excellency Mohsen Al Nasi, Assistant Undersecretary for Inspection and Compliance Sector at the Ministry, said that the midday work ban has achieved a pioneering level of compliance, reaching more than 99 per cent for consecutive years. Fines will be imposed on companies violating the policy, amounting to a minimum of AED 5,000 per worker and a maximum of AED 50,000 in the event of multiple workers. He pointed out the Ministry's keenness to educate establishments and their employees about the importance of adhering to the provisions of the "midday work ban" through field visits by inspectors, which include work sites and workers' housing- contributing to enhancing awareness of occupational health and safety requirements, and protecting workers from sunstroke and heat stress. For her part, Her Excellency Dalal Al Shehhi, Acting Assistant Undersecretary for the Labor Protection Sector, pointed out that the midday work ban has become a pioneering model of partnership between the Ministry, the private sector, and members of the community, as partners develop initiatives for workers during the ban period. This reinforces the concept of social responsibility and confirms the success of the awareness-raising approach and the consolidation of humanitarian concepts in the UAE's work environment, which hosts more than 200 nationalities to live, work, and invest. This aligns with the objectives of the "We the Emirates" Vision 2031. She commended private sector establishments that have, over the past years, taken the initiative to provide fully equipped rest areas to ensure complete comfort for workers during the daily work ban. This confirms these establishments' awareness of the importance of taking measures to preserve workers' health before resuming daily work after the suspension period. She called on private sector establishments to implement such initiatives, which will positively impact workers' health and enhance their productivity. The "noontime work ban" provisions require companies to provide tools and supplies for the ban period, provide shaded areas for workers to protect them from the sun during off-duty periods or while performing licensed work, as well as provide appropriate cooling equipment such as fans, sufficient quantities of water, and hydrating materials like salts and similar products approved for use by local authorities in the country, as well as other amenities and first aid equipment in the workplace. The midday work ban provisions ensure the continuity of work in a manner that serves the public interest. They stipulate the exception of some works that require continuous work for technical reasons, such as asphalt mix laying and concrete pouring if they cannot be implemented or completed after the ban period, and works necessary to avert danger or repair faults that affect society in general, such as interruptions in water supply lines, power outages, traffic disruptions, and other faults in essential services. The exception also includes works that require a permit from a competent government authority due to their impact on traffic and public life.
Arabian Post
5 hours ago
- Arabian Post
Dubai's Innovation Engine Secures $1.65bn, Fuels 190 Startups
Arabian Post Staff -Dubai Dubai Future District Fund has reported securing over $1.65 billion in capital commitments and supporting more than 190 startups, marking a significant milestone in its mission to bolster the emirate's innovation ecosystem. Anchored by the Dubai International Financial Centre and the Dubai Future Foundation , DFDF unveiled these achievements at its Annual General Meeting, reflecting its alignment with Dubai's economic vision and commitment to fostering a resilient innovation landscape. ADVERTISEMENT In 2024, DFDF expanded its portfolio through direct investments and 12 Fund of Funds initiatives, aligning with the Dubai Economic Agenda to advance technology, talent, and venture capital in the region. His Excellency Khalfan Belhoul, Chairman of DFDF's Board and CEO of the Dubai Future Foundation, emphasized the fund's role in driving the growth of Dubai's digital economy, highlighting its focus on innovation and future technologies across key sectors. Beyond capital allocation, DFDF engaged in strategic partnerships with entities like Dubai Land Department and Dubai Health, exploring innovation collaborations that align government priorities with startup-driven solutions. Nader Albastaki, Managing Director at DFDF, noted that 2024 was pivotal for the fund, scaling investments and supporting innovators driving meaningful change. He expressed enthusiasm for 2025, designated as the Year of the Community, focusing on deeper collaboration and ecosystem resilience. DFDF's investment strategy involves deploying capital into venture capital funds with a local focus and directly into startups, aiming to boost venture capital investing and business activity in Dubai and the region. The fund's commitment to sustainability was underscored by allocating up to 20% of its AED 1 billion fund to climate technology and innovation, aligning with the UAE's broader vision for economic diversification and sustainable development. Arif Amiri, CEO of DIFC Authority and DFDF Board Member, highlighted the fund's dedication to driving growth and supporting sustainability-focused tech ventures, emphasizing the importance of collaboration in cultivating innovation. DFDF's efforts contribute to Dubai's ambition to establish itself as a global technology and innovation hub, reinforcing its position as a premier destination for global talent and entrepreneurship.
