USD 1.2 Billion PropTech Hub Launched in Dubai to Drive Real Estate

Dubai has launched a new USD 1.2 billion PropTech initiative designed to position the emirate as a global hub for real estate technology. Announced by the Dubai Land Department and the Dubai Future Foundation, the initiative aims to accelerate the adoption of digital solutions across the property sector while fostering innovation and attracting international startups and investors.

The PropTech Global Initiative, as it is officially named, will operate as a central platform for developing and deploying PropTech in fields including artificial intelligence, virtual reality, blockchain, and smart infrastructure. With a dedicated PropTech hub to be established in Dubai, the programme will serve as a launchpad for companies targeting markets across the Middle East and North Africa.

The project is backed by a USD 1.2 billion investment pool and is expected to support 100 startups, offer specialised accelerator programmes, and facilitate collaboration between private sector innovators and government agencies. In addition to offering physical workspace and mentorship opportunities, the initiative will include regulatory sandbox environments to pilot emerging technologies in real-time property applications.

Further details on the PropTech hub’s location, participating firms, and programme rollout are expected to be announced in the coming months.