Latest news with #HigherCommitteeforFutureTechnologyandDigitalEconomy
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
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
Emirates 24/7
23-04-2025
- Business
- Emirates 24/7
Hamdan bin Mohammed visits the Dubai AI Festival
Second edition of the Dubai AI Festival runs from 23 - 24 April as part of Dubai AI Week His Highness: The Festival reflects our commitment to fostering an environment where creativity, collaboration, and cutting-edge technology converge to shape a brighter future for all - Event brings together over 10,000 industry experts, over 500 investors, decision-makers, and innovators from more than 100 countries - Over 100 speakers from leading global organisations explore key themes of AI governance, ethics, investment, and real-world applications Showcasing Dubai's vision for the future of AI, the second edition of the Dubai AI Festival, a key part of Dubai AI Week, commenced today under the patronage of His Highness 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. His Highness Sheikh Hamdan bin Mohammed bin Rashid, said: "Dubai AI Festival stands as a testament to our vision of positioning Dubai as a global leader in artificial intelligence innovation. The Festival reflects our unwavering commitment to fostering an environment where creativity, collaboration, and cutting-edge technology converge to shape a brighter future for all.' He added: 'Our pursuit of excellence in AI transcends technological advancement; it encompasses harnessing the transformative power of AI to drive economic growth, improve quality of life, and create new opportunities for our people. As industry leaders, experts, and visionaries gather from around the world, we reaffirm our pledge to lead in AI innovation and to ensure that Dubai remains at the forefront of the global digital economy. Together, we explore the boundless potential of AI, inspire new possibilities, and forge a path towards a future where intelligence and innovation know no bounds." Sheikh Hamdan bin Mohammed's visit to the festival commenced with a tour of the exhibition area. His first stop was the Dubai AI Campus pavilion which showcased cutting-edge AI solutions and the latest developments in artificial intelligence, underscoring Dubai's commitment to becoming a global leader in AI innovation. At the pavilion, he also viewed the Google Cloud workshop on generative AI essentials for start-ups. His Highness then moved on to the Sino-International Entrepreneurs Federation (SIEF) pavilion which highlighted Chinese start-ups, and presented a platform for potential collaborations and investment. This interaction provided a unique opportunity to understand the entrepreneurial landscape of China. Additionally, he visited the South Korea pavilion, which highlighted the technological advancements and entrepreneurial spirit of South Korean start-ups. After exploring the exhibition area, His Highness proceeded to the main plenary hall to attend an ongoing session where industry experts and thought leaders shared valuable insights on 'AI for all' and discussed democratising access to AI for a connected world. Held under the overarching theme of 'Enabling Digital Economies', the two-day Festival, organised by the Dubai AI Campus – a Dubai International Financial Centre (DIFC) initiative – in strategic partnership with the Artificial Intelligence, Digital Economy and Remote Work Applications Office, attracted over 10,000 industry experts, over 500 investors, decision-makers, and innovators from more than 100 countries. The event, which concludes on 24 April 2025, provides valuable opportunities for networking, collaboration, and knowledge exchange, solidifying Dubai's position at the forefront of the global digital economy. Dubai has a thriving AI ecosystem with over 800 AI companies currently operating in the emirate, of which 66% have chosen the city as their global headquarters. Sheikh Hamdan bin Mohammed was accompanied on the tour by His Highness Sheikh Mohammed bin Rashid bin Mohammed bin Rashid Al Maktoum; His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Deputy Managing Director of Dubai Future Foundation; His Excellency Essa Kazim, Governor, DIFC; and Arif Amiri, CEO of DIFC Authority. The Dubai AI Festival hosted over 100 speakers from leading global organisations who discussed and explored key themes of AI governance, ethics, investment, and real-world applications at over 40 sessions, more than 30 roundtables, and workshops. Prominent speakers at the event included; Dr. Werner Vogels, Global VP & CTO, Amazon; Parminder Bhatia, Chief AI Officer, GE HealthCare; Bhavish Aggarwal, Founder & CEO, Ola; Scott Harden, Global Chief Technology Officer, Global Innovation, Schneider Electric Innovation; Thomas Pramotedham, CEO, Presight AI; Hasan Fardan Al Fardan, CEO, Al Fardan Exchange; Dr. Anirudh Devgan, President and CEO, Cadence Design Systems; Dr Xu Li, Co-Founder & CEO, Sense Time; Dr. Amr Awadallah, CEO, Vectara; Nigel Toon, CEO, Chairman and Co-Founder, Graphcore; His Excellency Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre; and Daniel Hulme, Chief AI Officer, WPP. The panel sessions on Day 1 of the Dubai AI Festival examined AI's power to connect global communities and showcased its transformative impact across industries including finance, healthcare, transportation, and space exploration. Speakers and panellists explored AI's potential to create new opportunities and drive economic growth and offered insights on how to leverage AI to build intelligent customer experiences and achieve ambitious digital goals. To join Day 2 of the Festival, register via the official website: and follow updates on LinkedIn, Instagram, Facebook, and X. Follow Emirates 24|7 on Google News.
