UAE PropTech market to triple value by 2030
The rapid growth of the PropTech market holds significant importance for the UAE as the country continues to position itself as a global hub for innovation, real estate, and smart urban living. By integrating cutting-edge technologies such as AI, blockchain, the Internet of Things (IoT), as well as Virtual Reality (VR) and Augmented Reality (AR), this will help drive enhanced efficiency, transparency, and customer experience across the real estate sector.
The UAE’s PropTech sector, valued at around US$610 million in 2024, is expected to nearly triple and reach approximately US$1.55 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 17.49%, according to market insights and analysis firm Research and Markets. This growth is largely driven by the increased adoption of technologies that streamline processes across property development, management, transactions, and investments, while also helping to reduce overall costs.
The integration of Virtual Reality (VR) and Augmented Reality (AR) in the local construction market is enabling smarter, faster, and more efficient project delivery. These technologies enhance design accuracy, improve collaboration, and reduce errors, making them ideal for the UAE’s fast-paced, high-value developments. As the nation embraces digital transformation, VR and AR provide a competitive edge through greater productivity, improved safety, and stronger client engagement.
Lifesize Plans Dubai, an Australian-based leader in life-sized architectural projections worldwide, has observed sustained growth in both the PropTech and construction sectors in the UAE over recent years before entering the market in 2023. The company offers a powerful, tactile visualisation tool that brings architectural blueprints to life at a true 1:1 scale during the pre-construction stage, enhancing decision-making and certainty—perfectly suited to the country’s dynamic development landscape.
Georges Calas, CEO of Lifesize Plans Dubai, stated: “From immersive Virtual Reality (VR) and Augmented Reality (AR) walkthroughs to AI-driven analytics, these new technologies are redefining how real estate is bought, sold, and built in the UAE. As the country continues to push the boundaries of innovation and prove itself as one of the top investment destinations for expatriates from all over the world, PropTech is quickly becoming a cornerstone of the market’s long-term resilience and global competitiveness.”
As the UAE remains committed to becoming a global leader in smart, sustainable development, the role of PropTech will only continue to grow. From optimising construction workflows to enriching customer engagement and supporting investment decision-making—backed by government initiatives and strong investor confidence—the sector is transforming the real estate landscape.
