The Dubai Land Department has joined forces with Second Century Ventures to introduce REACH Middle East, an accelerator program designed to boost real estate technology startups in the region. Over eight months, the initiative will support up to 10 selected companies with funding, mentorship, and connections across the real estate sector. Each startup could secure as much as $250,000 in seed capital, enabling them to scale faster.
Program Structure and Eligibility
REACH Middle East is led by real estate technology entrepreneurs Siddiq Farid and Karim Helal. The program is open to startups from various industries aiming to expand into real estate, construction, sustainability, or property management. To qualify, companies must already generate revenue and be in the seed to Series A stages. They should also focus on innovative technologies, including artificial intelligence, the Internet of Things, and blockchain. This approach encourages startups to enter the market with tested solutions and measurable impact.
Strategic Collaboration and Economic Goals
Selected startups will work directly with real estate developers, government bodies, and facility managers. These partnerships will help pilot and commercialize their technologies while addressing real-world challenges. The initiative aligns with national strategies such as the UAE Digital Economy Strategy, the Dubai Economic Agenda D33, and the Dubai Real Estate Sector Strategy 2033. Collectively, these plans aim to advance digital transformation, diversify the economy, and contribute more than $27 billion to the UAE’s GDP. By integrating innovation into the property sector, the program seeks to position the region as a global leader in real estate technology.
