Dubai Land Department and REACH Launch a Real Estate Accelerator to Attract PropTech Startups to the Region
- Dubai Land Department (DLD) partners with REACH to launch the “REACH Middle East Real Estate Accelerator” to attract PropTech startups to Dubai and the Middle East.
- DLD will support the program by promoting it, engaging with investors, and providing regulatory guidance to startups.
- REACH will select participating startups, provide funding and mentorship, and connect them with its global network of investors and experts.
Launching an Accelerator to Boost Innovation in PropTech
Dubai Land Department (DLD) has announced a strategic partnership with global real estate technology firm REACH, supported by the National Association of Realtors (NAR), to launch the REACH Middle East Real Estate Accelerator. The program aims to attract PropTech startups to Dubai and the broader Middle East while fostering innovation in the real estate sector.
DLD’s Role in Supporting the Program
DLD will play a crucial role in supporting the accelerator by:
- Promoting the program through its media channels.
- Engaging with investors and potential partners to secure funding opportunities for startups.
- Providing regulatory guidance to help startups navigate real estate compliance frameworks.
- Offering market insights and real estate data to help startups develop innovative solutions.
- Facilitating pilot programs within Dubai, allowing startups to test their technologies in a real-world environment.
Statement from Dubai Land Department
“We continue our efforts to provide all forms of support for startups in this field and create an environment where they can thrive, ultimately contributing to the development of innovative and sustainable real estate solutions that reinforce Dubai’s position as a global leader in the sector.”
— Marwan Ahmed Bin Ghalita, Director General of Dubai Land Department
How Will REACH Support Startups?
As the program operator, REACH will:
- Identify and select high-potential PropTech startups with innovative solutions.
- Provide financial investment and specialized mentorship to accelerate startup growth.
- Connect startups with its global network of investors and real estate technology experts.
- Establish a regional office in Dubai, with support from DLD, to expand its presence and attract top-tier talent and innovations to the local real estate market.
Statements from REACH
“We are excited to collaborate on establishing Dubai as a global hub for real estate innovation, attracting cutting-edge solutions, and fostering a dynamic ecosystem that supports the future of the industry.”
— Dave Garland and Tyler Thompson, Managing Partners at REACH Ventures and NAR REACH
