UAE PropTech Market is Expected to Register a 17.49% CAGR Through 2030
Government Initiatives & Smart City Development and Growing
Demand for Smart & Sustainable Real Estate are likely to propel the market during
the forecast period.
According to
TechSci Research report, “UAE PropTech Market – By Region,
Competition, Forecast and Opportunities, 2020-2030F”, UAE PropTech Market was valued at USD 607.12
Million in 2024 and is expected to reach USD 1,553.50 Million by 2030 with a
CAGR of 17.49% during the forecast period.
The
UAE PropTech market is experiencing rapid growth due to the country’s ambitious
digital transformation initiatives, strong real estate sector, and increasing
adoption of advanced technologies. The UAE government’s focus on smart cities,
blockchain integration, and digital property transactions has created a
favorable environment for PropTech innovations. Initiatives such as Dubai’s
Smart City Strategy and Abu Dhabi’s Vision 2030 emphasize the use of AI, IoT,
and big data in real estate, further driving demand for technology-driven
property solutions.
The
UAE’s real estate sector, a key pillar of its economy, is undergoing a digital
shift to enhance efficiency, transparency, and customer experience. With the
rise of virtual property tours, AI-powered property management, and
blockchain-based transactions, buyers and investors are increasingly turning to
PropTech platforms for seamless real estate dealings. The Dubai Land Department
(DLD) has also played a crucial role by promoting blockchain-based land
registries and digital payment solutions, reducing paperwork and transaction
time.
The
Dubai government has been a major driver of PropTech growth through initiatives
such as the Dubai 2040 Urban Master Plan and the Smart Dubai Initiative. These
policies promote digital transformation, blockchain integration, and AI-driven
real estate transactions. The Dubai Land Department (DLD) has also introduced
blockchain-based property registries, ensuring secure and transparent property
transactions.
Dubai’s
real estate market continues to attract global investors, creating demand for
advanced PropTech solutions. The city’s Golden Visa program and 100% foreign
ownership laws have encouraged expatriates and international businesses to
invest in properties. PropTech platforms offering AI-driven insights, digital
mortgage solutions, and virtual property tours have gained popularity among
foreign investors seeking seamless transactions. Additionally, as part of
Dubai’s sustainability goals, real estate developers are integrating IoT-based
smart home systems, energy-efficient solutions, and AI-powered property
management tools. The demand for smart buildings, automated tenant management,
and touchless property solutions has surged, further fueling PropTech
advancements.
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Based
on Applications, The Residential segment accounted for the largest share in the
UAE PropTech Market in 2024.
With
the rise of digitalization, homebuyers and tenants in the UAE increasingly
prefer online property search platforms, virtual property tours, and AI-powered
recommendations. PropTech solutions like automated listings, smart home
integration, and blockchain-based transactions make the residential market the
largest adopter of these innovations.
The
UAE government supports digital transformation in the housing sector through
initiatives like the Dubai 2040 Urban Master Plan and Abu Dhabi Smart City
strategy. The Dubai Land Department (DLD) has introduced blockchain-based
property registration, reducing paperwork and enhancing transparency, further
boosting PropTech adoption in residential real estate.
Residents
increasingly seek smart home features, including IoT-enabled security,
AI-driven climate control, and automated lighting. Developers integrate
PropTech solutions into residential projects, making the sector a leading
adopter of smart technologies.
The
UAE has witnessed a surge in digital property platforms like Bayut, Property
Finder, and Dubizzle, which simplify the home-buying, selling, and renting
processes. These platforms leverage AI and big data to provide real-time market
insights, pricing trends, and virtual property showings. With
the UAE attracting global investors and expatriates, the demand for digital
real estate services in the residential sector has skyrocketed.
Based on region,
Sharjah has emerged as a rapidly growing hub in the UAE's PropTech sector,
driven by several key factors. The Sharjah
government has implemented progressive policies to stimulate the real estate
market. Notably, in 2022, freehold ownership was extended to all nationalities,
leading to a 22% increase in foreign investors during the first half of 2024.
These reforms have attracted a diverse pool of investors, enhancing the
emirate's real estate landscape.
Compared to
neighboring Dubai, Sharjah offers more affordable property options. This
affordability has made it an attractive destination for investors seeking
value, contributing to increased demand and market growth.
Sharjah has
prioritized sustainable development, exemplified by projects like Sharjah
Sustainable City. This initiative reflects the emirate's commitment to
eco-friendly living and has set a benchmark for future developments, aligning
with global trends towards sustainability.
Developers in
Sharjah are incorporating smart home technologies into new residential
projects. By 2025, it's projected that 40% of new developments will feature
such technologies, enhancing the appeal of properties and attracting tech-savvy
investors and residents.
Sharjah's
proximity to Dubai, coupled with significant investments in infrastructure, has
enhanced its connectivity and appeal as a residential and commercial hub. The
development of master-planned communities with modern amenities has further
boosted its attractiveness.
Major companies
operating in the UAE PropTech Market are:
- Savills Middle
East (Savills Plc)
- Silkhaus
Vacation Homes LLC
- NomadHomes
- Stake
Properties Limited
- Propertyfinder
FZ-LLC
- Huspy
- Dubizzle Group
Holdings Limited
- Stella Stays
Vacation Homes Rental LLC
- Smart Crowd
Limited
- ProTenders
- Fazwaz Group
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“The UAE PropTech market presents a
significant growth opportunity, driven by rapid urbanization, a tech-savvy
population, and strong government support for digital transformation. As real
estate developers and stakeholders increasingly adopt technologies such as
artificial intelligence, blockchain, IoT, and virtual reality, the demand for
innovative property solutions continues to rise. The market is further
bolstered by smart city initiatives, sustainability goals, and a growing
investor appetite for tech-enabled assets,”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“UAE PropTech Market, By Solutions (Business Intelligence, Facility Management, Portfolio
Management, Real Estate Search, Asset Management, Enterprise Resource Planning,
Others), By End Users (Housing Associations, Real Estate Agents, Property
Investors, Others), By Deployment (On-Premises, Cloud), By Application (Residential
(Multi-Family Housing, Single Family Housing, Others), Commercial (Retail
Spaces, Office Spaces, Others) By Region, Competition, Forecast &
Opportunities, 2020-2030F”,
has evaluated the future growth potential of UAE PropTech Market and provides
statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions. The report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the UAE PropTech Market.
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