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Arabian Business
4 hours ago
- Arabian Business
Dubai launches first PropTech hub to support 200 startups by 2030
The DIFC Innovation Hub and Dubai Land Department have launched the Dubai PropTech Hub. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the hub is the first PropTech innovation centre in the Middle East, Africa and South Asia (MEASA) region. It will be housed within the DIFC Innovation Hub, which operates the first and largest financial technology accelerator in the MEASA region, the Dubai Media Office said in a statement. New hub to boost PropTech startups The initiative aims to transform real estate through technology by supporting more than 200 PropTech startups and scaleups. By 2030, the hub expects to generate more than 3,000 jobs and attract over $300 million in investment. The Dubai PropTech Hub will offer customised licensing options, purpose-built physical workspaces, and support programmes designed to accelerate innovation from concept to commercialisation. The facility will provide access to incubators, venture building services, joint pilots, and regulatory and financial infrastructure. Programme offerings include early-stage startup incubators and thought leadership programmes to help participants navigate PropTech trends. 'DIFC is proud to unveil the Dubai PropTech Hub and provide a world-class, financial and regulatory environment that supports real estate innovation. Laying the foundation for attracting more talent, 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. Furthermore, this initiative will build renewed momentum for investment, aligning with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033,' Essa Kazim, Governor of DIFC said. '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. By encouraging startups and providing advanced infrastructure and incubators, we are enhancing Dubai's global competitiveness and offering a smarter, more connected approach to real estate investment and development,' Omar Hamad BuShehab, Director General of the Dubai Land Department added. The hub operates on a multi-stakeholder collaboration model, bringing together regulators, developers, technology companies, investors, and service providers. Founding partners include developers Binghatti, Majid Al Futtaim, Sobha Realty, and Union Properties, alongside infrastructure provider Transguard. These partners are exploring AI-powered smart building and security applications through DIFC Innovation Hub-led pilots. The Dubai PropTech Hub aims to create a more accessible, transparent, and tech-enabled property market for investors, residents, and stakeholders.
Channel Post MEA
4 hours ago
- Channel Post MEA
Veo 3 Now Available In Public Preview On Vertex AI
Google Cloud has announced that Veo 3 is now available to all Google Cloud customers and partners in public preview on Vertex AI. Veo 3 is your partner for creating near-cinematic quality generative video, moving beyond novelty to narrative-driven creation. It not only brings stunning visual quality, but now adds sound from background sounds to dialogue. With Veo 3 on Vertex AI, you can take advantage of three powerful new capabilities: Fluid, natural videos that synchronize video with audio and dialogue. Veo 3 can synchronize your audio and visuals in a single pass. The model produces rich soundscapes containing everything from dialogue and ambient noise, to sound effects and background music. Cinematic video that captures creative nuances. Veo 3 makes it easy to capture creative nuances and detailed scene interactions in your prompt, from the shade of the sky to the precise way the sun hits water in the afternoon light, and produces high-definition video. Realistic movement that simulates real-world physics. To create believable scenes, Veo 3 simulates real-world physics. This results in realistic water movement, accurate shadows connected with objects and characters, and natural human motion. Veo 3 on Vertex AI is built for scalable enterprise use with crucial guardrails like safety filter controls and SynthID to ensure responsible deployment for any use case.
Khaleej Times
6 hours ago
- Khaleej Times
Shaping the Future: Khalfan Belhoul on AI, Innovation & Leadership
In this episode, Khalfan Belhoul, CEO of Dubai Future Foundation, shares how Dubai is creating the future through AI, innovation, and visionary leadership. He also reflects on his personal journey and the role of the Museum of the Future in shaping what's next.
