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