Dubai rises as epicentre of PropTech innovation as city’s real estate firms chase new-age tech tools with massive investments
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Arabian Business
- Published on
12
PropTech startups in the MENA region secured $200 million in funding in the first half of 2024, surpassing even the traditionally dominant fintech sector
Dubai is positioning itself as the epicenter of PropTech innovation, with companies ramping up their investments, earmarking over 20 percent of their annual budgets, to develop and install a host of new techs such as artificial intelligence (AI), machine learning (ML), blockchain and Internet of Things (IoT)-enabled systems to redefine what’s possible in the real estate sector.
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Arabian Business
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