📋 Tender Overview
Digital platform designed to support enhanced decision making in the real estate industryNew platform will help raise sustainability enhance investor confidence in the sectorHis Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai and Chairman of The Executive Council launched Dubai RE-Tech platform a digital platform designed to support enhanced decision-making and promote growth and sustainability across the real estate sector.The platform is part of initiatives introduced to support the implementation of the Dubai 2040 Urban Master Plan which aims to make Dubai the worlds best city to live in. The new platform will help further enhance transparency and strengthen investor confidence in the industry. Guided by the vision of HH Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai the emirate continues to accelerate the development of its vital sectors. We aim to make Dubais real estate industry one of the worlds best HH Sheikh Hamdan said. We are seeing exceptional growth in the sector with the number of investors increasing by more than 80 in a year and the value of annual real estate transactions exceeding AED250 billion. This growth momentum reflects the resilience and attractiveness of the sector and the vast opportunities it offers His Highness added.The Dubai RE-Tech platform uses advanced technologies to develop an integrated real estate model based on artificial intelligence that allows players across Dubais realty sector to analyse big data related to the industry. It also offers tools for future scenario-based strategic planning and policy development and for generating proactive initiatives to take advantage of opportunities and deal with diverse markets changes.The new initiative provides a valuable tool to map the future of Dubais real estate sector in line with international best practices which in turn helps boost investor confidence. The platform also encompasses an integrated and instant real estate database connected with various stakeholders in the sector which offers industry indicators and the future outlook for the real estate market.One of the vital sectors in the citys economy Dubais real estate industry has played a major role in attracting foreign investments companies and startups to the emirate. This year the sector has already seen a total of 38000 new investors.The Dubai 2040 Urban Master Plan launched by HH Sheikh Mohammed bin Rashid Al Maktoum maps out a comprehensive plan for sustainable urban development in the emirate. Aligned with the UAEs vision for the next 50 years the Master Plan focuses on enhancing peoples happiness and quality of life reinforcing Dubais status as a preferred global investment and tourism destination and transforming it into the worlds best city to live in.
