Of more than 200 proptech start-ups in the MENA region, 55% are based in the Emirates, and these figures are expected to continue to grow at a rapid pace into the future.
In 2022, the proptech market size was USD 18,200,000,000. In 2032, this figure will be USD 86,500,000,000, assuming a projected CAGR of 16.8% for the global proptech industry.
Despite such positive trends for Proptech firms, they can have some difficulties. Big problems CAN arise because of the huge competition in Dubai, which leads to costs. But with an effective and DIRECT approach, proptech companies are destined for tremendous success.