Dubai picks 50 Emiratis to lead a PropTech future

INCUBATOR TO TRAIN ESTATE AGENTS IN AI AND BLOCKCHAIN

- BY DHANUSHA GOKULAN

The estate agent knocking on your door in Dubai could soon be armed with artificial intelligence that predicts market trends, blockchain technology that streamlines contracts, and digital tools that transform the way properties are bought and sold.

At least that is the vision the Dubai Land Department has drawn up with the launch of the Emirati Real Estate Business Incubator, in collaboration with Dubai Silicon Oasis, the New Economy Academy, and Rochester Institute of Technology of Dubai (RIT Dubai).

Six-month programme

The six-month programme aims to create 50 technology-powered real estate agencies, moving away from traditional brokerage methods towards a future where PropTech drives every transaction.

The Emirati Real Estate Business Incubator, starting on October 27, will train existing Emirati brokers to build companies that use the same cutting-edge technology as global PropTech leaders.

Agents to entrepreneurs