More than USD 100,000,000 has been spent over the past five years to finance start-ups in the field of innovative technologies in the Emirates. During the pandemic, companies with innovative technologies received USD 16,000,000 in investment and moved up in the rankings of the best countries to invest in innovative technologies.
With Emirates property estate strengthening and continuing to grow, there will also be increased demand for poptech companies. With the constant growth of the property sector in the Emirates, there are plenty of new opportunities among proptech companies that create the best solutions to meet the requirements, from investors to users.
According to the data, there was an increase in companies that deal with innovative technology. Companies not only attract investments, but also become in demand among real estate professionals and consumers.
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 Protect 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.
Despite all the problems, proptech companies have enough opportunities to achieve great success in the region. Residents of the Emirates actively use modern innovative technologies in everyday life and are looking for new solutions to make their life more simple.Companies with innovative technologies that give consumers smart solutions and facilitate the process of renting, buying or selling real estate will be in high demand.