Global real estate technology firm, REACH and the Dubai Land Department (DLD), has announced a strategic partnership 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 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.
Speaking on the new development, Marwan Ahmed Bin Ghalita, Director General of DLD said, “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.”
REACH on the other hand, will serve as the program operator, and carry out the following activities:
- 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.
Dave Garland and Tyler Thompson, Managing Partners at REACH Ventures and NAR REACH have this to say: “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.”
