Dubai Land Department (DLD) has launched the Real Estate Evolution Space Initiative - ‘REES’, which will gather thought leaders and industry professionals to spur a wave of progress capable of redefining the urban landscape.
The event convened 200+ sector partners, officials, and experts, delving into international real estate technology trends with 25 specialized companies. The Dubai PropTech Group launched in collaboration with DLD and Dubai Chambers aims to develop real estate innovation, attract tech firms to Dubai, and foster PropTech ecosystem growth. Strategic partnerships were established to support these objectives.
Marwan bin Ghalita highlighted the REES Initiative's role in advancing Dubai's position as an innovation hub, leveraging AI-driven transformation. The initiative fosters strategic partnerships and programs to address real estate challenges, enhance competitiveness, and improve operational efficiency. DLD aims to develop the innovation environment, foster collaboration between sectors, and support local PropTech firms globally through legislative aid and partnerships.
Majida Ali Rashid, CEO of the Real Estate Development Sector at DLD, emphasised that the initiative is the most significant in the region for real estate innovation. She noted that it is designed to support and attract companies specialising in PropTech from Dubai, while also highlighting the leading technological solutions in the local sector that align with both markets.
To achieve the initiative's objectives, DLD will work to adopt and approve many strategic initiatives, including launching the real estate accelerator project to support startups in PropTech, with funding from the Dubai Future District Fund, and concluding partnerships with Influential entities in the real estate market, while independently working to find global solutions for broader industry challenges.
News Source: Emirates News Agency
