5 days ago
UAE Proptech Market Set to Triple by 2030 Amid Digital Transformation
The rapid growth of the proptech market holds significant importance for the UAE as it continues to position itself as a global hub for innovation, real estate, and smart urban living.
By integrating advanced technologies such as AI, blockchain, the Internet of Things (IoT), as well as virtual reality (VR) and augmented reality (AR), the country is driving greater efficiency, transparency, and customer experience across the real estate sector.
According to Construction Week Online, the UAE's proptech sector, valued at AED 2.24 billion in 2024, is projected to almost triple to AED 5.69 billion by 2030, achieving a compound annual growth rate (CAGR) of 17.49%, based on data from Research and Markets.
This expansion is largely fuelled by the adoption of technologies that streamline processes in property development, management, transactions, and investments, while also helping to reduce overall costs.
In particular, the integration of VR and AR into the local construction industry is enabling smarter, faster, and more efficient project delivery.
These tools improve design precision, enhance collaboration, and minimise errors, qualities that are essential for the UAE's fast-paced, high-value developments.
As the nation advances its digital transformation agenda, VR and AR are proving to be competitive advantages, boosting productivity, safety, and client engagement.
Lifesize Plans Dubai, an Australian-based global leader in life-sized architectural projections, has closely followed the steady rise of both the proptech and construction sectors in the UAE before entering the market in 2023.
The company offers a tactile visualisation solution that transforms architectural blueprints into true 1:1 scale projections during the pre-construction stage, enhancing decision-making and certainty, an approach well-suited to the UAE's rapid, high-value development landscape.
Georges Calas, CEO of Lifesize Plans Dubai, said:
'From immersive Virtual Reality (VR) and Augmented Reality (AR) walkthroughs to AI-driven analytics, these new technologies are redefining how real estate is bought, sold, and built in the UAE. As the country continues to push the boundaries of innovation and prove to be one of the top investment options for expatriates from all over the world, proptech is quickly becoming a cornerstone of the market's long-term resilience and global competitiveness.'
With the UAE steadfast in its goal of becoming a global leader in smart, sustainable development, the role of proptech is set to grow further.
From optimising construction workflows to enhancing customer engagement and improving investment decision-making, supported by strong government initiatives and investor confidence, the sector is reshaping the nation's real estate landscape.
