Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the Dubai International Financial Centre (DIFC) and the Dubai Land Department (DLD) have announced the launch of the Dubai PropTech Hub.

The new hub is located in the DIFC Innovation Hub, which is already home to the region’s first and largest financial technology accelerator. This initiative aims to transform the real estate sector through technology.

According to DIFC, the Dubai PropTech Hub will be the first of its kind in the Middle East, Africa, and South Asia (MEASA) region. It is designed to unite the entire real estate value chain in one space, offering a model for collaboration, experimentation, and scalable innovation.

The hub is expected to:

• Support over 200 PropTech start-ups and scale-ups
• Generate more than 3,000 jobs
• Attract over $300 million in investment by 2030

It will also offer customised licensing, purpose-built workspaces, and full support programmes to accelerate innovation from concept to commercialisation. Moreover, the hub will include advanced incubators, hands-on venture building, joint pilot projects, and a world-class regulatory and financial environment.

His Excellency Essa Kazim, Governor of DIFC, revealed that the hub supports real estate innovation and positions Dubai as a global leader in this space. He noted that it aligns with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033.

His Excellency Omar Hamad BuShehab, Director General of DLD, stated that the launch represents a significant step toward the goals of the Real Estate Sector Strategy 2033. He added that it builds on the Real Estate Evolution Space (REES) initiative by DLD to drive innovation using technology and artificial intelligence.

The Dubai PropTech Hub will operate under a multi-stakeholder model, bringing together regulators, developers, technology firms, investors, and service providers. Founding partners include developers like Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and infrastructure provider Transguard.

DIFC reported that these partners are already testing AI-powered smart building and security applications through DIFC-led pilots.

Through this initiative, DIFC aims to offer a transparent, tech-enabled, and accessible property market for investors, residents, and stakeholders worldwide.

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