H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has launched the Dubai PropTech Hub to accelerate innovation in the emirate’s real estate sector, aiming to more than double the market’s value to over AED4.5 billion within five years.
The announcement came as Sheikh Hamdan, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy, chaired a meeting of the Committee. The initiative supports the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, both focused on positioning Dubai among the world’s top three cities for business and innovation.
Sheikh Hamdan said the Hub is a strategic step in integrating digital transformation across key sectors, describing it as essential to future-proofing Dubai’s economy. The PropTech Hub will provide a supportive ecosystem for startups, offering access to smart infrastructure, AI-driven tools, and investment opportunities.
The initiative targets over AED1 billion in investments by 2030, supporting more than 200 PropTech companies and attracting 20 investment funds. It reflects Dubai’s broader push to build a fully integrated digital economy driven by advanced infrastructure, a flexible legal framework, and strong support for entrepreneurs.
During the meeting, the Committee also reviewed progress on digital initiatives including the “5,000 Digital Talents” programme, the IGNITE platform for startups and investors, and preparations for the next edition of Expand North Star, the world’s largest startup event.
Senior officials including Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence and Vice Chairman of the Committee, attended the meeting alongside representatives from key government and economic bodies.
News Source: Emirates News Agency
