Dubai's PropTech Surge Positions City as Global Real Estate Innovation Hub

Dubai is rapidly emerging as a global leader in property technology , leveraging cutting-edge innovations to transform its real estate landscape. The city's strategic initiatives and robust economic policies have fostered an environment conducive to technological advancements in the property sector.

In 2024, Dubai's real estate transactions reached a staggering Dh761 billion , marking a 20% increase from the previous year. This surge is attributed to the integration of advanced technologies such as artificial intelligence and blockchain, which have streamlined operations and enhanced investor confidence.

The Dubai Land Department has been instrumental in this transformation, launching initiatives like the Real Estate Evolution Space to explore global PropTech trends. One notable project is the Real Estate Tokenisation initiative, enabling fractional property ownership through blockchain technology. Majida Ali Rashid, CEO of the Real Estate Development Sector at DLD, emphasized the department's commitment to innovation, stating, "Dubai's hosting of leading events such as 'Step Dubai 2025' reaffirms its position as a global hub for innovation and technology across various sectors, including real estate."

The global PropTech industry is experiencing significant growth, with analysts estimating its value at over $40 billion in 2023 and projecting it to reach approximately $179 billion by 2034. This represents a compound annual growth rate of 16% from 2024 to 2034. Dubai's proactive approach to embracing PropTech positions it well to capitalize on this upward trajectory.

In January 2025, DAMAC Group, a prominent Dubai-based developer, signed a $1 billion agreement with blockchain platform MANTRA to tokenize assets in the Middle East. This partnership aims to convert property rights into digital tokens, facilitating online trading and attracting a broader spectrum of investors. Hussain Sajwani, Chairman of DAMAC, highlighted the company's dedication to technological innovation, noting plans to invest $20 billion in U.S. data centers to support this digital shift.