Dubai has announced the establishment of a PropTech Hub, aiming to expand the emirate’s property technology market to over Dh4.5 billion and foster the creation of 200 specialised enterprises by 2030. The initiative was directed by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, during a recent committee meeting.
The PropTech Hub is part of Dubai’s broader strategy to position itself as a global centre for real estate innovation. It aligns with the emirate’s efforts to integrate advanced technologies into various sectors, including real estate, to enhance efficiency and competitiveness.
In addition to the PropTech initiative, the committee reviewed progress on the ‘5,000 Digital Talents’ programme, which aims to train 5,000 Emirati students in advanced technologies over five years. The programme includes partnerships with technology companies and academic institutions to provide mentorship and practical training.
The committee also discussed the outcomes of the previous Expand North Star event, noted as the largest digital startup gathering, and preparations for its upcoming edition. Furthermore, updates were provided on the ‘Ignite’ platform, designed to support entrepreneurial ventures by connecting startups with investors, mentors, and corporate partners.
These initiatives are part of Dubai’s ongoing efforts to build a dynamic digital economy, focusing on structural agility, inclusive opportunities, and sustainable growth.
