Lifesize Plans Dubai/Image: Supplied
The UAE’s rapidly expanding PropTech sector is emerging as a critical driver of the nation’s ambition to be a global hub for innovation, real estate, and smart urban living. By adopting advanced technologies such as artificial intelligence (AI), blockchain, Internet of Things (IoT), virtual reality (VR) and augmented reality (AR), the country is enhancing efficiency, transparency, and customer experience across the real estate value chain.
Valued at Dhs2.24bn in 2024, the UAE’s PropTech market is projected to nearly triple to Dhs5.69bn by 2030, growing at a compound annual growth rate (CAGR) of 17.49 per cent, according to insights from market research firm Research and Markets. This growth is being fuelled by the widespread use of digital solutions to streamline property development, management, transactions, and investments, while also cutting costs.
In the construction sector, VR and AR are proving transformative—enabling smarter, faster, and more efficient project delivery. These technologies are improving design accuracy, reducing errors, and boosting collaboration, making them especially valuable in the UAE’s high-value, fast-paced development environment. They also enhance safety, productivity, and client engagement, offering a competitive edge for developers.
Read: Dubai PropTech Hub launches at DIFC Innovation Hub
Australian-headquartered Lifesize Plans, a global leader in life-sized architectural projections, recognised the UAE’s strong PropTech and construction momentum and entered the market in 2023. The company’s technology allows stakeholders to experience architectural blueprints at a true 1:1 scale during the pre-construction stage, enabling more informed decision-making and greater project certainty—an approach well-suited to the local development landscape.
“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 to be one of the top investment options for expatriates from all over the world, PropTech is quickly becoming a cornerstone of the market’s long-term resilience and global competitiveness,” said Georges Calas, CEO of Lifesize Plans Dubai.
With the UAE’s focus on smart, sustainable development, PropTech adoption is set to accelerate further—optimising construction workflows, improving customer engagement, enhancing investment decision-making, and benefiting from sustained government backing and investor confidence. The sector’s evolution is reshaping the future of real estate in the Emirates.
