UAE's proptech sector set to triple in value

The UAE's fast-evolving property technology sector is poised for exponential growth as digital transformation reshapes the nation’s real estate landscape.

- Issac John [e-mail]

From artificial intelligence (Al) to blockchain, and from virtual reality (VR) to the Internet of Things (IoT), proptech is becoming a key pillar of the UAE’s ambition to lead global innovation in smart urban living.

According to new data from market research firm Research and Markets, the UAE’s proptech industry — valued at Dh2.24 billion in 2024 - is projected to surge to Dh5.69 billion by 2030, growing at a compound annual rate of 17.49 per cent. The expansion is being fuelled by rising demand for data-driven property management, digital transactions, and immersive visualisation tools that improve accuracy and transparency while cutting costs and delivery times.

Industry analysts say proptech is no longer a niche segment but a transformative force reshaping the entire real estate value chain — from planning and construction to sales and post-handover management. “From immersive Virtual Reality and Augmented Reality walkthroughs to Al-driven analytics, these new technologies are redefining how real estate is bought, sold, and built in the UAE,” said Georges Calas, CEO of Lifesize Plans Dubai, an Australian-based global leader in architectural visualisation.