he UAE’s real estate technology (PropTech) sector is on a rapid growth trajectory, projected to almost triple in size from AED 2.24 billion in 2024 to AED 5.69 billion ($1.55 billion) by 2030. According to Research and Markets, this remarkable 17.49% CAGR is fueled by the adoption of cutting-edge innovations such as Artificial Intelligence (AI), Blockchain, Internet of Things (IoT), and immersive technologies like Virtual Reality (VR) and Augmented Reality (AR).
This surge comes at a pivotal moment as the UAE cements its status as a global hub for innovation, smart urban living, and forward-thinking real estate solutions. From streamlining property development to enhancing buyer experiences, PropTech is transforming the sector’s efficiency, transparency, and sustainability.
VR & AR Revolutionizing UAE Construction
Within the construction industry, VR and AR are emerging as game-changers — enabling faster project delivery, boosting safety, and ensuring unmatched precision in design. These technologies foster collaboration between teams, reduce costly errors, and optimize workflows, making them indispensable for the UAE’s large-scale, high-value developments.
By integrating immersive tech into construction processes, developers are not only accelerating timelines but also elevating client engagement and satisfaction — providing a competitive advantage in an increasingly tech-driven market.
Dubai PropTech Hub: Accelerating Innovation
In July 2025, under the directive of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai launched the Dubai PropTech Hub — a bold initiative to more than double the emirate’s PropTech market to over AED 4.5 billion by 2030.
The hub aims to support more than 200 PropTech startups, attract over AED 1 billion in investments, and create a thriving ecosystem complete with AI-powered business models, advanced incubators, and smart workspaces. This initiative further strengthens Dubai’s standing as a global leader in real estate innovation.
Fastest-Growing PropTech Hub in MENA
Over the past two years, the number of PropTech companies in the UAE has tripled to 189 firms, making it the fastest-growing PropTech hub in the MENA region. Sustainability is now a core driver — with AI platforms improving energy efficiency, predictive maintenance reducing operational costs, and blockchain enabling transparent, verifiable green building certifications.
Aligned with the UAE’s Vision 2030 and Net Zero 2050 goals, the country’s PropTech ecosystem is set to redefine how properties are designed, built, and managed — paving the way for smarter, greener, and more connected cities.
