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$1.2 Billion PropTech Hub to Reshape the Future of Dubai Real Estate

With a $1.2 billion PropTech Hub, Dubai Land Department (DLD) & REACH partnership will strengthen the position of Dubai’s real estate by offering investment funding, mentorship, access to global investors, aiding early stage companies and even more to enhance the real estate set up.

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Contents

COMMITMENT BY DUBAI LAND DEPARTMENT COMMITMENT BY REACH PURPOSE OF THIS COLLABORATION KEY OBJECTIVES OF THIS INITIATION FOR PROPTECH HUB SUPPORTIVE WORDS BY DLD SUPPORTIVE WORDS BY REACH

$1.2 Billion PropTech Hub to Reshape the Future of Dubai Real Estate

Dubai Land Department (DLD) & REACH to partner for technological leap in real estate, where a $1.2 billion PropTech Hub will reshape the future of Dubai & the Middle East Real estate sector by facilitating support, investment ideas, technology advancement and more to advance the country’s competitiveness to widen its global presence.

DUBAI LAND DEPARTMENT: A government entity accountable for regulating & overseeing real estate activities in the Emirate of Dubai where they hold a strong niche in creating transparency and trust to make Dubai real estate market as an investor friendly realm.

REACH: Technology accelerator backed by the National Association of REALTORS (NAR), aiding early stage companies to scale up faster. And they have supported around 300 companies around the world.

AGREEMENT: It was signed by His Excellency, Eng. Marwan Ahmed Bin Ghalita, Director General of Dubai Land Department and Dave Garland, Managing Partner of REACH Ventures, with senior officials and executives from Dubai Land Department as the witnesses.

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COMMITMENT BY DUBAI LAND DEPARTMENT

In this agreement, DLD will provide authentic real estate market data, pilot programmers to test the innovation in the current set up, and then they will promote this innovation on media channels that will bring investors and potential partners to this programme to aid many startups.

COMMITMENT BY REACH

Form a regional office in Dubai to pool talent that will engage in the activity of cutting edge innovation that will strengthen the real estate market, along with this, managing a programme operations where startups can participate, serving them investment funding, mentorship, access to global investors and Protech experts to scale up the business.

PURPOSE OF THIS COLLABORATION

The key idea of this collaboration is to create a niche for Dubai as a leading global centre for real estate innovation & technology where the digital adoption will transform real estate at a global level.

KEY OBJECTIVES OF THIS INITIATION FOR PROPTECH HUB

To create a friendly ecosystem for real estate technology
Novel technology to connect people on a larger platform
Providing groundbreaking solutions to companies for stress free culture
To infuse artificial intelligence, blockchain and data analytics
Add more efficiency and transparency in the real estate sector
Grow global competitiveness in the real estate market
Planning for a global conference to host PropTech Connect 2026
Pool global talent and investors around the world
Alluring specialised American investment fund
Making Dubai as the world’s top destination for real estate investment
Support economic development by aligning with the Dubai Real Estate Strategy 2033

SUPPORTIVE WORDS BY DLD

This agreement is a new benchmark in Dubai Land Department’s journey, where infusing new technology and innovation is going to give more power to Dubai’s real estate sector.

SUPPORTIVE WORDS BY REACH

We have joined hands with DLD to bring futuristic technology to enrich the vision of this sector, where a dynamic ecosystem will let everything put strenuous efforts to make Dubai as the world’s top destination for real estate investment.

We together ensure to support real estate environment to promote Dubai as a PropTech leader where its integration of technology bring digital aid to people for startups, investments or jobs creating a futuristic pool to grow pathways that leads to friendly real estate landscape that keeps on evolving for betterment.