Under the guidance 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, Dubai has announced the launch of the first PropTech innovation hub spanning the Middle East, Africa, and South Asia (MEASA).
The new hub will be based at the DIFC Innovation Hub, home to MEASA’s largest fintech accelerator, Dubai Media Office confirmed in a statement.
Driving Growth in Real Estate Technology
The initiative is designed to accelerate the digital transformation of the real estate sector by supporting over 200 PropTech startups and scaleups. By 2030, the hub aims to generate more than 3,000 jobs and attract upwards of $300 million in investment.
The Dubai PropTech Hub will offer tailored licensing solutions, dedicated workspaces, and comprehensive programmes to help companies move from idea to market-ready products. Startups will gain access to incubators, venture-building resources, pilot projects, and regulatory and financial support frameworks.
Programme offerings will range from early-stage incubators to training and thought leadership initiatives, equipping participants to capitalise on emerging PropTech trends.
Essa Kazim, Governor of DIFC, noted:
“DIFC is proud to introduce the Dubai PropTech Hub, which will provide a world-class financial and regulatory setting to drive real estate innovation. This milestone strengthens Dubai’s position as a global hub for PropTech and supports the emirate’s economic and real estate strategies.”
Omar Hamad BuShehab, Director General of the Dubai Land Department, added:
“This hub builds on our Real Estate Evolution Space Initiative (REES) to advance innovation and prepare the sector for a future driven by technology and AI. By supporting startups and offering sophisticated infrastructure, we are elevating Dubai’s competitiveness and enabling smarter, more connected property markets.”
Collaborative Ecosystem
The hub will operate under a multi-stakeholder model, engaging regulators, property developers, tech firms, investors, and service providers. Founding partners include developers such as Binghatti, Majid Al Futtaim, Sobha Realty, and Union Properties, along with infrastructure partner Transguard.
These collaborators will pilot AI-powered smart building and security technologies under the DIFC Innovation Hub umbrella.
Ultimately, the Dubai PropTech Hub aims to create a transparent, accessible, and technology-enabled real estate market that benefits investors, residents, and all sector stakeholders.
Source: arabianbusiness.com
