UAE emerges as prime destination for India's tech expansion amid proptech boom
New Delhi [India], December 7 (ANI): As India's tech-solution providers push beyond traditional markets in a bid to diversify their global footprint, the Gulf--especially the UAE--has rapidly emerged as their newest frontier.
Drawn by the region's pro-business ecosystem, soaring digital adoption, and its growing appetite for advanced technology, Indian tech firms are increasingly anchoring themselves in Dubai and beyond.
Proptech, or property technology, is the use of digital solutions and technology to innovate and improve the real estate industry across its entire lifecycle, from design and construction to management and transactions.
Reflecting on the development, Gagan Arora, Founder & President, Vertex Group, the company that has announced its entry into the UAE's booming proptech market, said that Indian tech companies are no longer just serving local markets--they're becoming facilitators of cross-border investment, especially between India and the UAE.
The UAE continues to rise as a leading destination for Indian businesses and the fast-growing MSME sector, which contributes significantly to India's GDP.
Dubai remains a key hub for Indian enterprises, and this momentum is reflected in the real estate market. In 2024, Indian buyers accounted for about 22 per cent of Dubai's property transactions, investing close to AED 35 billion. Public records show that more than 29,000 Indian buyers currently own over 35,000 homes across the Emirate.
According to the Dubai Land Department, property sales in the emirate reached AED522 billion through 180,000 sales transactions across various property types. Mortgage transactions amounted to AED187 billion from 35,000 mortgages by the end of 2024.
In a release, the Vertex Group said that through its strategic entry into the UAE, the firm will deliver a fully integrated, end-to-end digital ecosystem: from property booking and workspace setup to AI-powered recommendations for schools, healthcare, and essential services. (ANI)
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