- The move is intended to strengthen Dubai’s position as a world leader in real estate innovation
- The HUB is intended to double more than the size of the Podtech market in Dubai to more than AED 4.5 billion
HIS Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, chairman of the Executive Council of Dubai, and chairman of the Higher Committee for Future Technology and Digital Economy, Chairman of the Commission and issued guidelines. The relocation tries to accelerate the expansion of the proptech market in the emirate, and is aimed at more than doubling its value to exceed AED 4.5 billion over the next five years. It also strengthens the position of Dubai, a world leader in real estate innovation, in accordance with the Dubai Economic Agenda D33 and the strategy of the Dubai real estate sector 2033.
During the meeting, his highness assessed the committee’s business report, which described the results of earlier projects, the progress of current initiatives evaluated and investigated new proposals aimed at promoting innovation and accelerating the growth of digital companies within the supporting and integrated economic environment.
Sheikh Hamdan said Dubai, led by the visionary leadership of his Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the VAE and ruler of Dubai, you have a global leading scientists who are no exception. The emirate has unique for a unique model that balances sustainable development with digital transformion, which improves the willingness for future challenges.
His highness described the launch of the hubs a strategic step to accelerate digital transformion in one of Dubai’s most important economic sectors. I emphasized that Dubai Propetch Hub will promote a supporting environment for real estate innovation, strengthening talents and entrepreneurs to convert ideas into successful companies. I have added that it is aiming for the Stregthen Dubai proptech sector, to attract quality investments and improve the global competitiveness of Emorate.
His highness said that Dubai has laid a strong foundation for a fully integrated digital economy through ambitious initiatives to promote technological innovation. I have emphasized that adopting the latest technologies is a strategic needy to create a business environment that is aimed at future challenges and growth in a rapidly evolving, competing world.
His Highness said that Dubai’s digital economy has become a clear reality, under a flexible legal flexible framework, advanced infrastructure and robust support for startups and innovators. I have emphasized that the integration of important sectors such as real estate, trade and industry with digital emerging platforms is essential for sustainable growth and the economic and social goals of the emirate.
The Dubai Proptech Hub wants to encourage rapid growth in the real estate technology sector by accepting advanced digital solutions, widely rejected with the Dubai Real Estate Strategy Sector Strategy 2033 and the Dubai Economic Agenda D33, who try to tolerate Dubai Eecon Eecon’s top within a decennium.
The Proptech market of Dubai was appreciated at approximately AED2.2 billion in 2023, and the HUB wants to attract more than 200 billion investments by 2030, to support more than 200 Proptech companies and 20 investment funds.
Extensive ecosystem for startup
The HUB offers an extensive ecosystem for startups, with advanced incubators, interactive workplaces and smart outdoor areas that promote cooperation and innovation, in addition to state-of-the-art infrastructure for the development and testing of AI-driven business models.
His Highness Sheikh Hamdan Bin Mohammed has assessed the Committee’s report that the progress in the field of large digital initiatives sketched, including the initiative “5,000 digital talents” focused on placing students in the best global technology companies. The meeting also dealt with results from the previous Expond North Star, the world’s located event for startups and investors and preparations for the next edition. His highness was also updated on the Ignite platform, which was recently launched and wanted to connect founders with a global network of investors, mentors, business organization and government agencies, creating an extensive growth system.
The meeting was attended by his Excellency Omar Bin Sultan Al Olama, Foreign Minister for Artificial Intelligence, Digital Economy and Works from the Dubai Chamber or Digital Economy, and Vice chairman of the Commission, as well as Oher members of the Commission Including are excellent hell. Saeed al Marri, general manager of Dubai Department of Economy and Tourism; His Excellency Hamad Obaid Al Mansoori, general manager of the Dubai Digital Authority; His Excellency Khalfan Belhoul, CEO of the Dubai Future Foundation; His Excellency Eng. Marwan Bin Ghalita, general manager of the municipality of Dubai, his Excellency Malek Al Malek, general manager of the Dubai Development Authority and chairman of Tecom Group; Arif Amiri, CEO of the Dubai International Financial Center (DIFC), and Hasher bin Dalmook, reporter of the committee.
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