Sheikh Hamdan highlighted the importance of integrating digital platforms with key sectors to ensure sustainable growth and achieve economic goals.

A significant announcement was made regarding the launch of a PropTech Hub, which aims to drive innovation in the real estate sector and elevate the property technology market's value to over AED 4.5 billion by 2030.

The Crown Prince emphasized that the new hub will empower talents and entrepreneurs to transform their ideas into successful ventures, thereby strengthening Dubai's economy.

During a recent meeting chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, the city’s commitment to fostering a digital economy was reaffirmed.

This initiative aligns with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, which seek to position Dubai among the top three global economic destinations.

The PropTech Hub is expected to attract more than Dhs 1 billion in investments by 2030, supporting over 200 PropTech companies and 20 investment funds.

Dubai’s robust startup ecosystem is seen as a crucial enabler for integrating real estate with emerging digital platforms, enhancing the city’s appeal as a global business destination.

Overall, Sheikh Hamdan's vision underscores the importance of a supportive economic environment in driving innovation and growth across various sectors.

The Hub will create a comprehensive ecosystem for startups, featuring advanced incubators, innovative workspaces, and infrastructure designed for AI-driven business models.

Key components of the initiative include the '5,000 Digital Talents' program, which connects students with global tech firms, and updates on the IGNITE platform that links founders with investors and mentors.

The meeting also reviewed past digital initiatives and discussed future plans for events like Expand North Star, further emphasizing Dubai's focus on digital transformation.

Dubai's real estate sector is positioned as a key player in attracting high-value investments and talent, supported by a flexible legal framework and advanced infrastructure.