About Us
Under the patronage of FIABCI Emirates, The Proptech Council has risen to facilitate the development and growth of the proptech industry in the Middle East. Our council is composed of industry experts, entrepreneurs, proptech companies and investors who share a common passion for innovation and technology. We believe that the proptech industry has the potential to transform the real estate sector and bring significant benefits to the region's economy.
Mission
Our mission is To create a vibrant and sustainable PropTech ecosystem, by fostering collaboration, providing education and funding opportunities, advocating for supportive policies, and facilitating networking between real estate and technology companies.
Vision
Our vision is to establish the UAE as a regional Hub for PropTech innovation. We aim to foster an ecosystem that attracts top talent and innovative minds from around the world to drive the real estate digital transformation to new heights. Our goal is to create an environment that enables the development of cutting-edge proptech solutions and promotes collaboration between industry players, startups, and investors.
What we do
At the PropTech Council, we provide a wide range of initiatives to support the growth of the proptech industry in the Middle East.
- Foster collaboration and partnerships between real estate and technology companies in the region
- Promote best practices in the use of technology within the real estate industry in the Middle East
- Provide education, mentorship, and funding opportunities to PropTech entrepreneurs in the region
- Advocate for policies and regulations that support the adoption of PropTech solutions in the Middle East
- Promote awareness of the benefits of PropTech to the public and real estate industry stakeholders
- Facilitate networking opportunities between PropTech companies and real estate professionals to encourage the development of innovative solutions tailored to the Middle East market.
Market Research
FIABCI Emirates PropTech Council will provide organised data and conduct research regarding the PropTech eco-system in the UAE as well as regional market research, the real estate industry’s market size across its relevant industries for the use of local and global PropTech companies to understand market size creating the region’s most comprehensive PropTech Map
The introduction of The Proptech Map is poised to bring about a groundbreaking shift in the perception of the proptech landscape among stakeholders in the Middle East region. A structured and visual representation of the industry, the map will furnish an all-encompassing account of the industry's key players, empowering investors and innovators to make informed decisions regarding their time and capital investments. Additionally, the map will accentuate the potential for collaboration and partnership, establishing an environment for industry leaders to work in unison towards sustainable growth and mutual prosperity. The Proptech Map's innovative approach promises to pave the way for a brighter future for proptech in the Middle East.
FIABCI Emirates ProPtech Council Supporting StartUps
- The Council will connect PropTech startups with relevant real estate mentors who will be committed to helping with product development, market fit, and who will also provide valuable introductions to help grow the startups fast
- The Council will organize the network of local Angel Investors in proptech
- The Council will develop Proptech Shark Tank pitch days where we connect local and global investors with local proptech startups
- The Council will connect PropTech startups with relevant real estate mentors who will be committed to helping with product development, market fit, and who will also provide valuable introductions to help grow the startups fast
- The Council will organize the network of local Angel Investors in proptech
- The Council will develop Proptech Shark Tank pitch days where we connect local and global investors with local proptech startups
The proptech ecosystem in the UAE
The UAE has been making significant strides in expanding its digital economy, with the launch of the "UAE Digital Economy Strategy" in April 2022, which aims to double the digital economy's contribution to the country's GDP within 10 years [1]. This focus on technology and innovation has also impacted the real estate sector, leading to the emergence of a thriving proptech market in the UAE.
In 2022, the UAE's industrial sector contributed over AED 180 billion ($49 billion) to the country's GDP, with exports reaching AED 174 billion ($47.37 billion) [2]. This growth has been facilitated by the Ministry of Industry and Advanced Technology's initiatives to stimulate innovation and the adoption of advanced technology in industry solutions.
The real estate sector has also been impacted by these digital transformation initiatives, with the overarching objective of delivering stakeholder value and expectations [3]. The proptech market in the UAE is estimated to be worth $1.5 billion, with an expected annual growth rate of 25% [4].
The UAE has been embracing technology in the real estate sector through initiatives such as the Dubai Land Department's blockchain-powered real estate platform, which has enabled the digitization of property transactions and increased efficiency. The government's focus on promoting the digital economy has also led to the emergence of proptech startups in the UAE, such as Property Finder and Bayut, which have received significant investments from international investors.
The growth of the proptech market in the UAE is expected to have a positive impact on job creation and economic security, with the potential to transform the real estate sector through the adoption of innovative technologies. The UAE's focus on technology and innovation is expected to continue to drive growth in the proptech market, making it an exciting time for the industry in the country.
In conclusion, the proptech market in the UAE is experiencing significant growth, with the government's focus on expanding the digital economy and promoting innovation driving the industry forward. With an estimated worth of $1.5 billion and an expected annual growth rate of 25%, the proptech market in the UAE is poised for success. The adoption of innovative technologies in the real estate sector is expected to have a positive impact on job creation and economic security, making it an exciting time for the industry in the country.
Investors
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Entrepreneurs
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