Dubai is positioning itself as a major hub for property technology (proptech) innovation. The Dubai Land Department (DLD) is actively attracting entrepreneurs and investors to this dynamic sector. At the Step Conference, senior director Mahmoud Al Burai emphasized the emirate’s ambition to evolve into the “Silicon Valley of real estate innovation” by offering a live testing ground for emerging technologies and by securing vital investments.

Dubai's real estate market is thriving, with transactions amounting to 761 billion dirhams (approximately US$207.2 billion) in 2024—a 20% increase from the previous year. To further propel proptech advancements, the DLD has launched initiatives such as the Real Estate Evolution Space Initiative and has joined forces with Dubai Chambers to form the Dubai PropTech Group. The department is also pioneering efforts in blockchain and AI, including a Real Estate Tokenisation initiative that could enable fractional property ownership.