Dubai Land Department (DLD) and Dubai Integrated Economic Zones Authority (DIEZ) join forces to accelerate Proptech growth, supporting start-ups, AI-driven real estate solutions, and blockchain adoption in the sector.
Dubai Strengthens PropTech Sector with Strategic Collaboration
Dubai’s real estate and technology sectors are set for a major transformation as the Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) forge a strategic alliance to drive the growth of the property technology (PropTech) sector. This collaboration, formalized through a Memorandum of Understanding (MoU), is designed to accelerate research, development, and innovation, while streamlining business operations in Dubai. The initiative is also in alignment with the emirate’s broader vision to support start-ups, SMEs, and cutting-edge enterprises in real estate and technology.
This partnership is a key extension of the Dubai Research, Development, and Innovation (RDI) Grant Initiative, introduced in September 2024 by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence. The initiative focuses on four core sectors, including Cognitive Cities, which encompasses PropTech, smart mobility, traffic management, and smart grids, reinforcing Dubai’s position as a global leader in urban and real estate innovation.
The MoU was officially signed at Dubai Silicon Oasis, a major innovation hub within DIEZ, by His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, and His Excellency Eng. Marwan Ahmed bin Ghalita, Director General of DLD.
His Excellency Dr. Mohammed Al Zarooni emphasized, “DIEZ is dedicated to cultivating a thriving ecosystem for start-ups, SMEs, and innovative enterprises in the tech space. Dubai has solidified its status as a global hub for tech-driven entrepreneurship, and this collaboration with the Dubai Land Department will further establish it as a leader in real estate innovation. This initiative is closely tied to the objectives of the Dubai Economic Agenda D33, which aims to double Dubai’s economy and position it among the world’s top three cities by 2033.”
His Excellency Eng. Marwan Ahmed bin Ghalita added, “Empowering PropTech start-ups and SMEs is essential for Dubai’s transformation into a smart, future-ready city. Through this partnership, we will accelerate the adoption of advanced technologies, including AI and blockchain, within the real estate sector. This aligns with our ‘Real Estate Evolution Space (REES)’ initiative, which is aimed at positioning Dubai as a global leader in real estate innovation under the Dubai Real Estate Strategy 2033.”
Key Initiatives Under the MoU
Under this strategic agreement, DIEZ and DLD will collaborate to launch a range of initiatives aimed at integrating modern technologies into real estate. The primary objectives outlined in the MoU include:
✅ Tech Integration in Real Estate: Developing programs that encourage PropTech adoption, particularly in AI-driven real estate applications and blockchain-based property transactions.
✅ Support for Start-ups & SMEs: Prioritizing early-stage PropTech companies by providing resources, mentorship, and business development support.
✅ Licensing & Business Support: DIEZ will offer business licenses, visa assistance, and flexible office spaces at the Dubai Technology Entrepreneur Campus (DTEC)—the largest tech co-working hub in the MENA region.
✅ Investment & Funding: DIEZ will connect start-ups to venture capital networks and investors through Oraseya Capital, its investment arm specializing in funding early-stage start-ups up to the Series B investment phase.
✅ Training & Mentorship: DLD will collaborate with educational institutions to create PropTech training programs, mentorship opportunities, and interactive industry platforms.
✅ Market Expansion: Supporting PropTech firms in setting up operations and expanding into new global markets, further solidifying Dubai’s status as a leader in real estate innovation.
With this groundbreaking collaboration, Dubai continues to drive the future of real estate through technology, reinforcing its reputation as a global hub for innovation, entrepreneurship, and smart urban development. 🚀
