Page 33 - UP GENERAL REPORT

Page 33 - UP GENERAL REPORT - JULY 2025

P. 33

7/4/25, 9:23 AM Dubai launches PropTech Hub, to support 200 firms, create 3,000 jobs
Essa Kazim, Governor of DIFC, said the hub will provide a world-class
environment that supports real estate innovation and investment.

“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,” he said.

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Omar Hamad BuShehab, Director General of the DLD, said the hub
supports the goals of the Dubai Real Estate Sector Strategy 2033 and
builds on the DLD’s Real Estate Evolution Space (REES) initiative.

“By encouraging start-ups and providing advanced infrastructure and
incubators, we are enhancing Dubai’s global competitiveness,” he added.

Industry-backed collaboration

The hub features a multi-stakeholder model, bringing together
regulators, developers, and infrastructure providers. Founding partners
include Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and
Transguard, which are already participating in technology pilots focused
on AI-powered smart building and security applications.
According to DIFC, the Dubai PropTech Hub aims to make the emirate’s
property market more accessible, transparent, and tech-enabled,
attracting wider participation from investors, residents, and global
stakeholders.