Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, Chairman of the Dubai Executive Council, and Chairman of the Higher Committee for Future Technology and Digital Economy, the Innovation Hub at the Dubai International Financial Centre (DIFC) and the Dubai Land Department (DLD) have launched the Dubai PropTech Centre (DPRTC), the region’s first proptech innovation hub.
This initiative will bring together all aspects of the real estate value chain to offer a new model for collaboration and innovation in a rapidly growing global market. Aiming to reshape the future of real estate with technology, the centre, located at the Innovation Hub at the DIFC, will support more than 200 emerging and cutting-edge proptech companies, create over 3,000 jobs, attract investments exceeding $300 million by 2030, and foster innovation and collaboration in the sector. The centre will offer licensing options, workspaces, and a comprehensive suite of support programs designed to accelerate innovation from concept to commercialization. Through its integrated ecosystem, the Dubai PropTech Hub will provide access to advanced business incubators, practical project-building opportunities, and collaborative pilot programs, leveraging the world-class regulatory and financial environment of the Dubai International Financial Centre (DIFC). The Hub will also offer incubators for early-stage startups, facilitate regulatory alignment for emerging technologies, and foster thought leadership, stimulating local entrepreneurship and positioning Dubai at the forefront of global proptech trends.
Innovation in the Real Estate Sector
Essa Kazim, Governor of the Dubai International Financial Centre (DIFC), said: “DIFC is proud to unveil the Dubai PropTech Hub, as part of its efforts to provide a world-class financial and regulatory environment that supports innovation in the real estate sector. This pioneering initiative will help lay the foundations for attracting more talent, accelerating the growth of Dubai’s proptech market, and cementing the emirate’s position as a global hub for leading real estate innovation. Furthermore, this initiative will contribute to building renewed investment momentum, in line with the objectives of the Dubai Economic Agenda (D33) and the Dubai Real Estate Strategy 2033.
A Pivotal Step
Omar Hamad Bushahab, Director General of Dubai Land Department, emphasized that the new center represents a pivotal step in realizing the objectives of the Dubai Real Estate Strategy 2033 and continuing to consolidate the emirate’s position as a global center of real estate excellence. He said: “This center represents a natural extension of the “Res Real Estate Innovation Hub,” launched by the Department to support the innovation ecosystem and anticipate the future of the sector by harnessing technology and artificial intelligence. We believe that creating a stimulating environment for startups and providing business incubators and advanced infrastructure enhances Dubai’s competitiveness on the global innovation map and establishes an integrated model that redefines the real estate investment and development experience with a sophisticated digital perspective.”
The Dubai Property Technology Centre is distinguished by its multi-stakeholder collaboration model, bringing together regulators, developers, technology companies, investors, and service providers under one roof. Founding partners include global developers such as Binghatti Developers, Majid Al Futtaim, Sobha Real Estate, and Union Properties, as well as critical infrastructure providers such as Transguard, who are already exploring AI-powered smart and security building applications through pilot projects led by the Innovation Hub at the Dubai International Financial Centre (DIFC). With the launch of the Dubai PropTech Centre, DIFC aims to provide investors, residents, and stakeholders around the world with a seamless, transparent, and technologically enabled real estate market.