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Dubai real estate sector to witness $86.5bn PropTech boom

DUBAI: Dubai real estate firms are expecting an $86.5 billion surge in the PropTech market owing to innovative investment opportunities. 

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As per a report, much of that development is attributed to a strong start-up ecosystem, increased demand for SMART solutions and enhanced government support. 

As per Zoom Property Insights, the PropTech start-ups have acquired $100 million in funding in the past five years. 

According to statistics, more than 200 PropTech start-ups are established in the MENA region. Estimates suggest that the number will further grow in the future. 

Moreover, the annual growth was up to 16.8% which increased from $18.2 billion in 2022 to  $86.5 billion by 2032. 

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Laila Waqar

Laila Waqar is the Content Lead at Graana.com. With a bachelor's degree from LUMS, her expertise lies in curating research-based content in line with market marketing requirements. She is a detailed-oriented professional who focuses on delivering quality content that is enlightening and engaging.

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