Dubai Land Department

Based at the DIFC Innovation Hub, the Dubai PropTech Hub currently tracks 231 UAE-based PropTech companies, with strong activity in listings, investment and marketing platforms

Phase II will allow the resale of around 7.8 million real estate tokens in a controlled pilot framework, DLD said

The initiative strengthens investor confidence and accelerates the real estate sector’s contribution to the economy in line with the goals of D33

While traditional hot spots like Downtown Dubai and Dubai Marina remain resilient, market momentum is becoming increasingly project-specific

According to the Dubai Land Department, the robust growth is largely attributed to the emirate’s advanced regulatory framework

Applications are now open for the programme’s first cohort, with selected startups eligible to receive up to $1.5m in total funding

Brokers facilitated 42,181 real estate transactions between January and June, generating commissions totalling more than Dhs3.23bn

The cooperation aims to leverage Dubai’s position as a major investment destination by expanding property access to a broader range of businesses

New investors contributed significantly to this growth, with 59,075 first-time participants entering the market

Both appointments are effective immediately from the date of issuance