Report Description

UAE Proptech Market is anticipated to register a healthy CAGR during the forecast period. PropTech is a term used to describe property technology that is based on emerging information technologies to help consumers and businesses conduct real estate research, acquire, sell, and manage their properties. PropTech employs digital innovation to satisfy the expectations of the real estate business with IoT Security. Buyers, brokers, lenders, and landlords are just a handful of the numerous participants in the real estate sector that PropTech technology aims to connect and update. The UAE is the first country in the middle east to abandon the oil-based economic development paradigm in favour of tourism, retail, construction, real estate, and high-value-added sectors such as aviation, space, environment, and technology. Recognizing that entrepreneurship, creativity, and innovation will play an essential part in the government's quest to increase economic diversity, the government arranges hundreds of programms, acceleration, and incubation centers to attract top talents and enterprises on a worldwide scale. (DIFC, Dubai Future Foundation, District 2020) Dubai and Abu Dhabi, which have the most sophisticated entrepreneurial ecosystems, are also home to many VCs (Venture Capital), family offices, and private equity companies. Proptech technology includes software for virtual reality that allows website visitors to visually tour residences, software for reporting problems, software for distributing rent payments, and software for crowdsourcing new real estate developments. Technology is a new sector, and the convergence of technologies, cloud computing, and digital transformation are driving the PropTech business dramatically. PropTech technology is being introduced to increase efficiency, personalise property management, and minimize the cost and resources involved in real estate transactions, which will most likely assist the UAE Proptech sector.

Increasing Reliance on a wide range of cutting-edge technology-based real estate solutions and services

Advances in IoT and related use cases in data collection and analysis have provided a significant boost to data-driven decision making. Any industrial, commercial, or residential setting may be automated so that data on water and energy usage, movement and occupancy, and machine health and productivity can be gathered and analyzed. The residential sector of the Proptech industry has grown significantly. Decision-makers who want to boost productivity, ensure health and well-being of workers, and have a positive impact on the environment can benefit from this information.

The construction and real estate sectors in the UAE are fragmented, with many enterprises relying on informal ties. This industry has the potential to be automated by start-ups. To address the slow acceptance of digitization, a variety of measures may be employed. One of these is to provide short-term subscriptions as a starting point rather than an entire purchase. Another example is offering trials and pilots to illustrate how a product or service works. Because of its rapid growth, the Proptech solutions and services are in great demand in the UAE.


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UAE Proptech Market Challenges

The first impediment is the industry's growing digital and data culture. Despite the risks, firms that do not innovate inevitably fail. This will prevent UAE proptech companies from developing and prospering. As a result, the sector's growth and productivity will continue to deteriorate. Because of the rising entry of venture capital and entrepreneurs into this business, inventors and entrepreneurs will migrate to other industries, limiting the Proptech market's development.

Market Segments

UAE Proptech Market is divided into solutions, applications, deployment, end users, region and competitive landscape. Based on Solutions, the market is divided into Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others. Based on Applications, the market divided into Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others,). Based on Deployment, the market is divided into On-Premises and Cloud, Based on End Users, the market is divided into Housing Associations, Real Estate Agents, Property Investors, Others.

 

Market Players

Major market players in the UAE Proptech Market are Savills Middle East, Huspy Mortgage Broker, Houza.com Limited, Propertyfinder FZ-LLC, Zamzama Property Group, Unissu Ltd, StellaStays Inc, Stake Properties Limited, Nomadhomes and Silkhaus.

Recent Developments

  • In November 2022, HITEK Services, a member of the Farnek group of companies located in the UAE, has inked an exclusive five-year collaboration deal with Riyadh-based Safari Holding.
  • In November 2022 Property technology startup Huspy, which received USD37 million in June, agreed to purchase two UAE-based mortgage brokers, Just Mortgages and Finance Lab, to boost its portfolio.
  • In November 2022, Silkhaus, a UAE-based business, raised USD7.75 million in initial investment from prominent global venture capitalists and entrepreneurs, making it one of the largest seed rounds in the MENA area.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Solutions

Applications

Deployment

End Users

Regional scope

Dubai, Abu Dhabi, Sharjah, Rest of UAE

Key companies profiled

Savills Middle East, Unissu Ltd, Stake Properties Limited, Huspy Mortgage Broker, Zamzama Property Group, Houza.com Limited, StellaStays Inc, Silkhaus, Nomadhomes, Propertyfinder FZ-LLC  

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, UAE Proptech Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         UAE Proptech Market, By Solutions:

o   Business Intelligence

o   Facility Management

o   Portfolio Management

o   Real Estate Search

o   Asset Management

o   Enterprise Resource Planning

o   Others

  • UAE Proptech Market, By Applications:

o   Residential

§  Multi-Family Housing

§  Single Family Housing

§  Others

o   Commercial

§  Retail Spaces

§  Office Spaces

§  Others

  • UAE Proptech Market, By Deployment:

o   On-Premises

o   Cloud

·         UAE Proptech Market, By End Users:

o   Housing Associations

o   Real Estate Agents

o   Property Investors

o   Others

·         UAE Proptech Market, By Region:

o   Dubai

o   Abu Dhabi

o   Sharjah

o   Rest of UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in UAE Proptech Market

Available Customizations:

UAE Proptech Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

UAE Proptech Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on UAE Proptech Market

4.    Executive Summary

5.    Voice of Customers

5.1.        Awareness of Proptech Service

5.2.        Major Applications of Proptech Service

5.3.        Key Benefits of Proptech Service

5.4.        Key Vendor Selection Parameter

5.5.        Major Challenges in Proptech Service Adoption

5.6.        Key Vendor Challenges

6.    UAE Proptech Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others)

6.2.2.    By Applications (Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others,))

6.2.3.    By Deployment (On-Premises, Cloud)

6.2.4.    By End Users (Housing Associations, Real Estate Agents, Property Investors, Others)

6.2.5.    By Region (Dubai, Abu Dhabi, Sharjah, Rest of UAE)

6.2.6.    By Company (2022)

6.3.  Market Map

7.    Dubai Proptech Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Applications

7.2.2.    By Deployment

7.2.3.    By Solutions

7.2.4.    By End Users

8.    Abu Dhabi Proptech Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Applications

8.2.2.    By Deployment

8.2.3.    By Solutions

8.2.4.    By End Users

9.    Sharjah Proptech Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Applications

9.2.2.    By Deployment

9.2.3.    By Solutions

9.2.4.    By End Users

10. Rest of UAE Proptech Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Applications

10.2.2. By Deployment

10.2.3. By Solutions

10.2.4. By End Users

11. Market Dynamics

11.1.     Drivers

11.1.1. Growing Demand for Secure Data Aids Market Expansion

11.1.2. Adoption of several cutting-edge technology-based real estate solutions and services.

11.1.3. The increased value of long-term assets PropTech is a solution.

11.2.     Challenges

11.2.1. Involvement of venture capitalist and private equity investors.

11.2.2. In the UAE PropTech business, there is a lack of systematic methods to transparency in important market features and numbers.

12. Market Trends & Developments

12.1.        Small and medium-sized businesses are on the rise.

12.2.        Due to opportunities, significant internet penetration, and a surge in middle- and upper-income families.

12.3.        Due to favorable government laws, the industry has room for expansion.

12.4.        More finance has fueled the expansion of start-ups and small businesses, allowing them to scale up.

12.5.        Utilization of technology by Investors.

12.6.        Using edge computing services more frequently.

13. Porter’s Five Forces

14. Policy & Regulatory Landscape

15. UAE Economic Profile

16. Company Profiles

16.1.               Savills Middle East

16.1.1.   Business Overview

16.1.2.   Key Revenue and Financials (If available)

16.1.3.   Recent Developments

16.1.4.   Key Personnel

16.1.5.   Key Product/Services

16.2.               HUSPY MORTGAGE BROKER

16.2.1.   Business Overview

16.2.2.   Key Revenue and Financials (If available)

16.2.3.   Recent Developments

16.2.4.   Key Personnel

16.2.5.   Key Product/Services

16.3.               Houza.com Limited

16.3.1.   Business Overview

16.3.2.   Key Revenue and Financials (If available)

16.3.3.   Recent Developments

16.3.4.   Key Personnel

16.3.5.   Key Product/Services

16.4.               StellaStays Inc

16.4.1.   Business Overview

16.4.2.   Key Revenue and Financials (If available)

16.4.3.   Recent Developments

16.4.4.   Key Personnel

16.4.5.   Key Product/Services

16.5.               Silkhaus

16.5.1.   Business Overview

16.5.2.   Key Revenue and Financials (If available)

16.5.3.   Recent Developments

16.5.4.   Key Personnel

16.5.5.   Key Product/Services

16.6.               Nomadhomes

16.6.1.   Business Overview

16.6.2.   Key Revenue and Financials (If available)

16.6.3.   Recent Developments

16.6.4.   Key Personnel

16.6.5.   Key Product/Services

16.7.               Stake Properties Limited

16.7.1.   Business Overview

16.7.2.   Key Revenue and Financials (If available)

16.7.3.   Recent Developments

16.7.4.   Key Personnel

16.7.5.   Key Product/Services

16.8.               Unissu Ltd

16.8.1.   Business Overview

16.8.2.   Key Revenue and Financials (If available)

16.8.3.   Recent Developments

16.8.4.   Key Personnel

16.8.5.   Key Product/Services

16.9.               Propertyfinder FZ-LLC

16.9.1.   Business Overview

16.9.2.   Key Revenue and Financials (If available)

16.9.3.   Recent Developments

16.9.4.   Key Personnel

16.9.5.   Key Product/Services

16.10.            Zamzama Property Group

16.10.1.   Business Overview

16.10.2.   Key Revenue and Financials (If available)

16.10.3.   Recent Developments

16.10.4.   Key Personnel

16.10.5.   Key Product/Services

17. Strategic Recommendations

17.1.               Proptech industry could benefit from technology-powered planning procedures.

17.2.               Market Dominance by Region

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Main market players are Savills Middle East, Unissu Ltd, Huspy Mortgage Broker, Houza.com Limited, StellaStays Inc, Propertyfinder FZ-LLC, Zamzama Property Group, Silkhaus, Nomadhomes and Stake Properties Limited.

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The major segment of the UAE Proptech Market are Solutions, Applications, Deployment and End Users.

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The Dubai region is anticipated to see rapid CAGR growth between 2024 and 2028.

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Property technology (also spelled proptech, PropTech, prop-tech, and real estate technology) refers to the use of information technology and platform economics in the real estate market. Property technology and financial technology intersect, with applications such as online payment and booking systems.

profile

Sakshi Bajaal

Business Consultant
Press Release

UAE Proptech Market is Expected to Grow With the high CAGR in the Forecast Period

Feb, 2023

The adoption of various cutting-edge technology-based real estate solutions and services is projected to propel the UAE Proptech Market''s growth.