The Dubai Integrated Economic Zones Authority (Dis), with the Dubai Land and Property Department, has held a partnership aimed at supporting and empowering companies operating in the real estate technology sector (PROPTECH), with the aim of enhancing the research, development, technological innovation and business environment in the Emirate of Dubai, and contributing to the growth of startups, small and medium -sized companies And innovative in this sector.
A statement yesterday stated that this step comes in line with the goals of the “Initiative to Support and Financing of Research, Development and Innovation” launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, in September 2024, which focuses through One of its four axes, “Future Cities”, on developing various applications in the fields of real estate technology, smart movement, traffic management, and smart transport networks.
Dr. Mohamed Al -Zarouni, CEO of the Dubai Authority for Integrated Economic Zones, said: This global status of the emirate in attracting technological entrepreneurship and small and medium -sized companies, providing everything you need to support the size of Dubai’s economy, and making it among the three best global economic cities by 2033 according to Dubai Economic Agency D33 ».
In turn, the Director General of the Dubai Land Department, Eng. Marwan Ahmed bin Ghalita, said: “Through this partnership with the Dubai Authority for Integrated Economic Zones, we continue our keenness to provide an appropriate environment that encourages the adoption of modern technologies such as artificial intelligence and (Blockchain) and others in The real estate sector, while facilitating the establishment of companies, and providing the necessary support to expand their business, which is consistent with the (Rayes Real Estate Innovation) initiative ».
The areas of bilateral cooperation include the design and implementation of joint programs, especially in real estate technology, as the two sides will work together to offer programs that support the adoption of modern technologies within startups, and encourage the use of the latest artificial intelligence applications and real estate technology. “Diez” will be keen to provide commercial licenses and assistance in visas to companies and individuals, and to provide flexible and equipped office spaces at the Dubai Technology Center for Entrepreneurship, in addition to providing administrative and legal support and hosting events and workshops.
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