Dubai launches PropTech Hub to double sector value to Dhs4.5bn by 2030

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… pic.twitter.com/aWmqElkxeS

— Dubai Media Office (@DXBMediaOffice) May 19, 2025

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.

Anna Skigin, CEO and founder of short-term rental platform Frank Porter, welcomed the move, saying: “The short-term rental industry goes hand in hand with the strength of the real estate market. With this initiative, we will hopefully see more companies opening up that streamline real estate operations with technology. Tech that makes deal flow faster and easier encourages more investment. The short-term rental business is one of the options on how to make more money from a real estate investment, so it’s a win-win for us and other companies like ours—as this investment grows.

“We encourage this space and are very optimistic for the future of proptech. Our industry benefits further from the amount of new people entering Dubai and needing short-let accommodation.”

Read: Why Dubai’s proptech vision is great news for the real estate sector