By 2030, the Dubai International Financial Centre (DIFC) aims to support over 200 PropTech companies, create more than 3,000 jobs, and attract upwards of $300 million in investments.
To achieve this vision, the DIFC Innovation Hub, in collaboration with the Dubai Land Department, has launched the PropTech Hub. PropTech, or property technology, encompasses technological innovations that streamline the buying, selling, and management of real estate.
The PropTech Hub expects significant growth and demand from both the region and international markets, Mohammad Al Blooshi, CEO of DIFC Innovation Hub, told Khaleej Times. “We already have a fairly strong ecosystem, but our focus now is on bringing everyone together under one roof to drive the growth of this sector,” he said.
