The swift expansion of the PropTech market is of paramount significance for the UAE, as the nation strives to establish itself as a worldwide center for innovation, real estate, and smart urban living. By incorporating advanced technologies such as AI, blockchain, the Internet of Things (IoT), along with Virtual Reality (VR) and Augmented Reality (AR), this initiative will foster improved efficiency, transparency, and customer experience throughout the real estate sector.
The UAE’s PropTech sector, valued at AED2.24 billion in 2024, is projected to nearly triple, reaching AED5.69 billion ($1.55 billion) by 2030, with a Compounded Annual Growth Rate (CAGR) of 17.49 percent, according to market insights and analysis firm ‘Research and Markets’. This growth is largely attributed to the heightened adoption of technologies designed to streamline processes across property development, management, transactions, and investments, while also contributing to a reduction in overall costs.
The incorporation of Virtual Reality (VR) and Augmented Reality (AR) specifically within the local construction market is facilitating smarter, faster, and more efficient project delivery. These technologies enhance design precision, promote collaboration, and minimize errors, rendering them ideal for the country’s rapid and high-value developments. As the nation embraces digital transformation, VR and AR present a competitive edge through heightened productivity, safety, and client engagement.
As the UAE remains unwavering in its dedication to becoming a global frontrunner in smart, sustainable development, the role of PropTech is set to expand even further. From optimizing construction workflows to enhancing customer engagement and investment decision-making, alongside continuous government backing and investor confidence, the sector is transforming the real estate landscape.
Launch of Dubai PropTech Hub
In July 2025, the Dubai PropTech Hub was launched under the directive of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. This initiative aims to more than double the size of the PropTech market in Dubai to over AED4.5 billion by 2030, supporting more than 200 PropTech startups and attracting over AED1 billion in investments. The hub provides an ecosystem with advanced incubators, smart workspaces, and AI-driven business model development infrastructure, reinforcing Dubai’s position as a global real estate innovation leader.
Additionally, the UAE PropTech sector is recognized as the fastest-growing hub in the MENA region, with the number of companies tripling within the last two years to 189 firms. Sustainability is becoming a core focus, with AI-powered platforms optimizing energy consumption and predictive maintenance, and blockchain technology facilitating transparent green building certifications aligning with the UAE’s Vision 2030 and Net Zero 2050 targets.
