How does the UAE’s proptech community compare to other global markets?

How does the UAE’s proptech community compare to other global markets?

There has been a meteoric rise of proptech in the UAE which in many ways is a perfect fit for the emirates as it combines property deals with cutting-edge technology. Real estate and innovation are arguably two fields that our nation understands better than anywhere else on the planet.

That said, I don’t mean to suggest that the emergence of proptech in the UAE is down to luck. On the contrary, its popularity has been facilitated dramatically by our leaders’ long-standing commitment to advanced technology. Given the forward-thinking initiatives that have been put in place, not to mention sustained investment in this area, it’s hardly surprising that our nation is making waves in this fledgling sector.

How does the UAE’s proptech community compares to others around the world?

More than a numbers game

If we limit our focus to size alone, the UAE does not rank among the world’s biggest proptech markets. When it comes to sheer numbers, nations such as the United States, United Kingdom, China, Japan and Germany dominate the global stage.

Of course, this is to be expected. Home to approximately 10 million people, when it comes to scale, the UAE’s proptech sector is hardly likely to rank alongside countries whose populations