Hamdan bin Mohammed orders Launch of Dubai PropTech Hub
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Higher Committee for Future Technology and Digital Economy, has directed the launch of the Dubai PropTech Hub. The initiative, announced during a recent committee meeting, aims to fast-track the emirate’s property technology sector and double its market value to over AED4.5 billion within five years.
This launch aligns closely with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033. It also reinforces the city’s ambition to lead global real estate innovation. By fostering a dynamic and digitally enabled property market, the new hub is expected to attract significant investments, support startups, and enhance Dubai’s competitiveness on the world stage.
During the meeting, Sheikh Hamdan reviewed a report detailing completed and ongoing projects, as well as new initiatives to drive innovation. Notably, he emphasized the importance of staying ahead of global trends through bold investments in technology. He also highlighted that real estate, as a key economic pillar, must evolve through digital transformation to meet future demands.
A Strategic Vision for the Future Economy
Sheikh Hamdan reiterated Dubai’s commitment to building a resilient and future-ready economy. Under the guidance of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Dubai continues to attract global talent and high-value investments. The city has successfully integrated digital transformation into its development strategy, striking a balance between growth and sustainability.
He stressed that embracing advanced technologies is not optional—it’s a necessity. Consequently, Dubai’s integrated digital economy has been supported by a strong legal framework, smart infrastructure, and initiatives like the “5,000 Digital Talents” program. This effort is designed to connect students with leading global tech companies, preparing the next generation of innovators.
Furthermore, the Dubai PropTech Hub will offer a supportive ecosystem for over 200 PropTech companies by 2030. It plans to draw more than AED1 billion in investments and engage 20 dedicated investment funds. Startups will benefit from advanced incubators, collaborative workspaces, and smart zones designed for AI-powered solution development.
Creating a Thriving Innovation Ecosystem
The meeting also covered progress on major platforms, including the recently launched IGNITE, which connects entrepreneurs with global investors and mentors. Additionally, preparations for the next edition of Expand North Star—the world’s largest event for startups and investors—were reviewed.
Senior officials in attendance included Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence and Chairman of the Dubai Chamber of Digital Economy, as well as leaders from key government and innovation bodies.
With the launch of the PropTech Hub, Dubai continues to position itself at the forefront of digital innovation. This initiative not only strengthens the local real estate market but also supports the broader economic vision of a tech-driven, globally competitive Dubai.
