UAE PropTech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications ((Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real Estate Ag
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE PropTech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications ((Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real Estate Ag
UAE Proptech Market
Increasing Reliance on a wide range of cutting-edge technology-based real estate solutions and services
Advances in IoT and related use cases in data collection and analysis have provided a significant boost to data-driven decision making. Any industrial, commercial, or residential setting may be automated so that data on water and energy usage, movement and occupancy, and machine health and productivity can be gathered and analyzed. The residential sector of the Proptech industry has grown significantly. Decision-makers who want to boost productivity, ensure health and well-being of workers, and have a positive impact on the environment can benefit from this information.
The construction and real estate sectors in the UAE are fragmented, with many enterprises relying on informal ties. This industry has the potential to be automated by start-ups. To address the slow acceptance of digitization, a variety of measures may be employed. One of these is to provide short-term subscriptions as a starting point rather than an entire purchase. Another example is offering trials and pilots to illustrate how a product or service works. Because of its rapid growth, the Proptech solutions and services are in great demand in the UAE.
UAE Proptech Market Challenges
The first impediment is the industry's growing digital and data culture. Despite the risks, firms that do not innovate inevitably fail. This will prevent UAE proptech companies from developing and prospering. As a result, the sector's growth and productivity will continue to deteriorate. Because of the rising entry of venture capital and entrepreneurs into this business, inventors and entrepreneurs will migrate to other industries, limiting the Proptech market's development.
Market Segments
Market Players
Major market players in the
Recent Developments
- In November 2022, HITEK Services, a member of the Farnek group of companies locatedin the UAE, has inked an exclusive five-year collaboration deal withRiyadh-based Safari Holding.
- In November 2022 Property technology startup Huspy,which received USD37 million in June, agreed to purchase two UAE-based mortgagebrokers, Just Mortgages and Finance Lab, to boost its portfolio.
- In November 2022, Silkhaus, a UAE-based business,raised USD7.75 million in initial investment from prominent global venturecapitalists and entrepreneurs, making it one of the largest seed rounds in theMENA area.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Solutions Applications Deployment End Users |
| Regional scope | Dubai, Abu Dhabi, Sharjah, Rest of UAE |
| Key companies profiled | Savills Middle East, Unissu Ltd, Stake Properties Limited, Huspy Mortgage Broker, Zamzama Property Group, Houza.com Limited, StellaStays Inc, Silkhaus, Nomadhomes, Propertyfinder FZ-LLC |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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