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Proptech market in UAE likely to exceed AED 5.6bn by 2030 – Report

Proptech market in UAE likely to exceed AED 5.6bn by 2030 – Report
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UAE – Mubasher: The proptech sector in the UAE is projected to be valued at AED 5.69 billion by 2030, according to market insights and analysis firm Research and Markets.

The market would nearly triple and expand at a compound annual growth rate (CAGR) of 17.49% in five years.

Furthermore, the growth of the property technology sector, which was valued at AED 2.24 billion in 2024, is seen in large part due to the increased adoption of technologies to help streamline processes across property development, management, transactions and investments while also helping to reduce the overall cost.

This rapid growth holds significant importance for the UAE as the country continues to position itself as a global hub for innovation, real estate, and smart urban living.

Georges Calas, the CEO of Lifesize Plans Dubai, an Australia-based leading company in life-sized architectural projections worldwide, said: “From immersive Virtual Reality (VR) and Augmented Reality (AR) walkthroughs to AI-driven analytics, these new technologies are redefining how real estate is bought, sold, and built in the UAE.”

Calas added: “As the country continues to push the boundaries of innovation and prove to be one of the top investment options for expatriates from all over the world, proptech is quickly becoming a cornerstone of the market’s long-term resilience and global competitiveness.”

The integration of technologies like AI, blockchain, and internet of things (IoT), as well as VR and AR, will help drive enhanced efficiency, transparency, and customer experience across the real estate sector.

As the UAE remains steadfast in its commitment to becoming a global leader in smart, sustainable development, the role of proptech will only continue to expand. The sector is reshaping the real estate landscape by optimizing construction workflows all the way to enriching customer engagement and investment decision-making, as well as ongoing government support and investor confidence.

Earlier in 2025, Dubai-headquartered proptech firm Prop-AI secured $1.50 million in a pre-seed funding round that was led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain.