Latest news with #DubaiPropTechHub
Gulf Today
20-05-2025
- Business
- Gulf Today
Sheikh Hamdan launches 'Dubai PropTech Hub' to make Dubai real estate global leader
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy, chaired a meeting of the Committee and issued directives to launch The Dubai PropTech Hub. The move seeks to fast-track the expansion of the PropTech market in the emirate, aiming to more than double its value to surpass Dhs 4.5 billion over the next five years. It also reinforces Dubai's position as a global leader in real estate innovation, in line with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. During the meeting, Sheikh Hamdan reviewed the committee's business report, which detailed the results of past projects, evaluated the progress of ongoing initiatives, and examined new proposals aimed at fostering innovation and accelerating the growth of digital enterprises within a supportive and integrated economic environment. Sheikh Hamdan said that Dubai, guided by the visionary leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has become a leading global hub for high-value investments and top talent, with the real estate sector being no exception. The emirate has developed a unique model that balances sustainable development with digital transformation, enhancing its readiness for future challenges. Sheikh Hamdan described the launch of the Hub as a strategic move to accelerate digital transformation in one of Dubai's key economic sectors. He highlighted that Dubai PropTech Hub will foster a supportive environment for real estate innovation, empowering talents and entrepreneurs to turn ideas into successful ventures. He added that it aims to strengthen Dubai's PropTech sector, attract quality investments, and enhance the emirate's global competitiveness. Sheikh Hamdan said Dubai has laid a strong foundation for a fully integrated digital economy through ambitious initiatives to advance technological innovation. He stressed that adopting the latest technologies is a strategic necessity to create a business environment that is geared for future challenges and growth in a rapidly evolving, competitive world. He said that Dubai's digital economy has become a distinct reality, underpinned by a flexible legal framework, advanced infrastructure, and robust support for startups and innovators. He emphasised that integrating key sectors such as real estate, commerce, and industry with emerging digital platforms is essential for sustainable growth and achieving the emirate's economic and social goals. The Dubai PropTech Hub aims to drive rapid growth in the property technology sector by adopting cutting-edge digital solutions, aligned with the Dubai Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, which seek to double Dubai's economy and rank it among the world's top three cities within a decade. Dubai's PropTech market was valued at around Dhs2.2 billion in 2023, and the Hub aims to attract over Dhs1 billion investments by 2030, supporting more than 200 PropTech companies, and drawing 20 investment funds. The Hub offers a comprehensive ecosystem for startups, featuring advanced incubators, interactive workspaces, and smart outdoor areas that foster collaboration and innovation, alongside state-of-the-art infrastructure for developing and testing AI-driven business models. Sheikh Hamdan reviewed the committee's report, which outlined progress on major digital initiatives, including the '5,000 Digital Talents' initiative aimed at placing students in top global tech firms. The meeting also covered results from the previous Expand North Star, the world's largest event for startups and investors, and preparations for its next edition. Sheikh Hamdan was also updated on the IGNITE platform, which was launched recently, and seek to connect founders with a global network of investors, mentors, corporate organisations, and government entities, creating a comprehensive growth ecosystem. WAM
Gulf Business
20-05-2025
- Business
- Gulf Business
Dubai launches PropTech Hub to double sector value to Dhs4.5bn by 2030
Image: Dubai Media Office Dubai has launched the Dubai PropTech Hub in a move to fast-track on the directive of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy. The initiative, launched during a committee meeting chaired by Sheikh Hamdan, is aimed at accelerating innovation and digital transformation within the real estate sector, aligning with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. Dubai's PropTech market was valued at approximately Dhs2.2bn in 2023. The new hub targets over Dhs1bn in investments by 2030, supporting more than 200 proptech companies and attracting 20 investment funds. 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… — Dubai Media Office (@DXBMediaOffice) PropTech Hub will support startups, digital economy Sheikh Hamdan described the launch as a strategic step toward strengthening one of Dubai's key economic sectors. 'Dubai has laid a strong foundation for a fully integrated digital economy,' he said, adding that the hub will empower talents and entrepreneurs to turn ideas into ventures, enhancing Dubai's global competitiveness. He highlighted the emirate's flexible legal framework, advanced infrastructure, and strong startup ecosystem as enablers for the integration of real estate with emerging digital platforms. The Dubai PropTech Hub will offer a comprehensive environment for startups, including advanced incubators, interactive workspaces, smart outdoor areas, and infrastructure to develop and test AI-powered models. Read:
Hi Dubai
20-05-2025
- Business
- Hi Dubai
Hamdan bin Mohammed Launches Dubai PropTech Hub to Boost Digital Real Estate Innovation
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has launched the Dubai PropTech Hub to accelerate innovation in the emirate's real estate sector, aiming to more than double the market's value to over AED4.5 billion within five years. The announcement came as Sheikh Hamdan, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy, chaired a meeting of the Committee. The initiative supports the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, both focused on positioning Dubai among the world's top three cities for business and innovation. Sheikh Hamdan said the Hub is a strategic step in integrating digital transformation across key sectors, describing it as essential to future-proofing Dubai's economy. The PropTech Hub will provide a supportive ecosystem for startups, offering access to smart infrastructure, AI-driven tools, and investment opportunities. The initiative targets over AED1 billion in investments by 2030, supporting more than 200 PropTech companies and attracting 20 investment funds. It reflects Dubai's broader push to build a fully integrated digital economy driven by advanced infrastructure, a flexible legal framework, and strong support for entrepreneurs. During the meeting, the Committee also reviewed progress on digital initiatives including the '5,000 Digital Talents' programme, the IGNITE platform for startups and investors, and preparations for the next edition of Expand North Star, the world's largest startup event. Senior officials including Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence and Vice Chairman of the Committee, attended the meeting alongside representatives from key government and economic bodies. News Source: Emirates News Agency
Gulf Today
19-05-2025
- Business
- Gulf Today
Hamdan directs launch of ‘Dubai PropTech Hub' to boost digitisation
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of The Executive Council of Dubai, and Chairman of the Higher Committee for Future Technology and Digital Economy, on Monday chaired a meeting of the Committee and issued directives to launch The Dubai PropTech Hub. The move seeks to fast-track the expansion of the PropTech market in the emirate, aiming to more than double its value to surpass Dhs4.5 billion over the next five years. It also reinforces Dubai's position as a global leader in real estate innovation, in line with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. During the meeting, Sheikh Hamdan reviewed the committee's business report, which detailed the results of past projects, evaluated the progress of ongoing initiatives, and examined new proposals aimed at fostering innovation and accelerating the growth of digital enterprises within a supportive and integrated economic environment. Sheikh Hamdan said that Dubai, guided by the visionary leadership of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has become a leading global hub for high-value investments and top talent, with the real estate sector being no exception. The emirate has developed a unique model that balances sustainable development with digital transformation, enhancing its readiness for future challenges. Sheikh Hamdan described the launch of the Hub as a strategic move to accelerate digital transformation in one of Dubai's key economic sectors. He highlighted that Dubai PropTech Hub will foster a supportive environment for real estate innovation, empowering talents and entrepreneurs to turn ideas into successful ventures. He added that it aims to strengthen Dubai's PropTech sector, attract quality investments, and enhance the emirate's global competitiveness. Sheikh Hamdan said Dubai has laid a strong foundation for a fully integrated digital economy through ambitious initiatives to advance technological innovation. He stressed that adopting the latest technologies is a strategic necessity to create a business environment that is geared for future challenges and growth in a rapidly evolving, competitive world. He said that Dubai's digital economy has become a distinct reality, underpinned by a flexible legal framework, advanced infrastructure, and robust support for startups and innovators. He emphasised that integrating key sectors such as real estate, commerce, and industry with emerging digital platforms is essential for sustainable growth and achieving the emirate's economic and social goals. The Dubai PropTech Hub aims to drive rapid growth in the property technology sector by adopting cutting-edge digital solutions, aligned with the Dubai Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33, which seek to double Dubai's economy and rank it among the world's top three cities within a decade. Dubai's PropTech market was valued at around Dhs2.2 billion in 2023, and the Hub aims to attract over Dhs1 billion investments by 2030, supporting more than 200 PropTech companies, and drawing 20 investment funds. The Hub offers a comprehensive ecosystem for startups, featuring advanced incubators, interactive workspaces, and smart outdoor areas that foster collaboration and innovation, alongside state-of-the-art infrastructure for developing and testing AI-driven business models. Sheikh Hamdan Bin Mohammed reviewed the committee's report, which outlined progress on major digital initiatives, including the '5,000 Digital Talents' initiative aimed at placing students in top global tech firms. The meeting also covered results from the previous Expand North Star, the world's largest event for startups and investors, and preparations for its next edition. Sheikh Hamdan was also updated on the IGNITE platform, which was launched recently, and seek to connect founders with a global network of investors, mentors, corporate organisations, and government entities, creating a comprehensive growth ecosystem. The meeting was attended by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Chairman of the Dubai Chamber of Digital Economy, and Vice Chairman of the Committee, as well as other members of the Committee including Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism; Hamad Obaid Al Mansoori, Director General of the Dubai Digital Authority; Khalfan Belhoul, CEO of the Dubai Future Foundation; Eng. Marwan bin Ghalita, Director General of Dubai Municipality, Malek Al Malek, Director General of the Dubai Development Authority and Chairman of TECOM Group; Arif Amiri, CEO of the Dubai International Financial Centre (DIFC), and Hasher bin Dalmook, Reporter of the Committee. WAM
Dubai Eye
19-05-2025
- Business
- Dubai Eye
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… — Dubai Media Office (@DXBMediaOffice) May 19, 2025
