The Committee met and directives were issued to launch the Dubai PropTech Hub by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of the Higher Committee for Future Technology and Digital Economy, and Chairman of the Executive Council of Dubai.
The move aims to accelerate the growth of the Proptech business in the emirate by more than doubling its worth to exceed Dhs 4.5 billion over the following five years. In keeping with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, it further solidifies Dubai’s standing as a world leader in real estate innovation.
During the meeting, Sheikh Hamdan reviewed the committee’s business report, which detailed the results of past projects, evaluated the progress of ongoing initiatives, and examined new proposals aimed at fostering innovation and accelerating the growth of digital enterprises within a supportive and integrated economic environment.
