Dubai's Land Department teams up with Second Century Ventures to establish a real estate startup incubator
In a significant move to bolster innovation in the real estate sector, the Dubai Land Department has partnered with Second Century Ventures to launch the REACH Middle East accelerator program. This eight-month initiative aims to support and scale real estate technology startups in the Middle East region.
The program targets up to 10 high-potential startups that are revenue-generating and fall within the seed to Series A funding stages. The focus is on technologies such as artificial intelligence (AI), Internet of Things (IoT), blockchain, sustainability, construction, and property management.
Participating startups can expect to receive up to $250,000 in seed capital, with opportunities for strategic investor introductions and follow-on funding. Expert-led mentorship will be provided by industry veterans, successful founders, and global proptech thought leaders.
Startups will collaborate with major real estate developers, government bodies, and facility managers to pilot and commercialize their technologies, enabling practical application and market validation. The program also connects startups to a wide network of real estate industry stakeholders, including more than 330 alumni companies in the global REACH network.
Curated introductions to industry events, conferences, and trade shows will help drive market adoption and global expansion. REACH Middle East aligns with Dubai’s Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033, which aim to inject over $27 billion into the local economy through digital transformation and economic diversification in real estate.
Siddiq Farid, the Managing Director of REACH Middle East, leads the program, backed by Second Century Ventures, the most active global fund in real estate technology. The program complements other UAE accelerators such as Abu Dhabi's Hub71 and regional initiatives under the Saudi Real Estate Development Fund and NEOM Innovation Hub that align with Saudi Arabia's Vision 2030.
Applications for REACH Middle East are now open and can be submitted at https://www.nar-reach.com/middle-east. Selected companies should have local and global potential, focusing on the real estate, construction, sustainability, or property management ecosystem.
This program positions Dubai and the broader Middle East region as a burgeoning hub for innovation in real estate technology, leveraging public-private partnerships and regional economic visions such as Saudi Arabia's Vision 2030 and Abu Dhabi's Hub71 initiative.
- The Dubai Land Department, partnering with Second Century Ventures, launched the REACH Middle East accelerator program to support the development of real estate technology startups in the Middle East.
- The REACH Middle East program aims to inject $27 billion into the local economy through digital transformation and economic diversification in real estate.
- The program targets up to 10 high-potential startups that are revenue-generating and fall within the seed to Series A funding stages.
- Participating startups can receive up to $250,000 in seed capital, along with opportunities for strategic investor introductions and follow-on funding.
- Expert-led mentorship will be provided by industry veterans, successful founders, and global proptech thought leaders.
- Startups will collaborate with major real estate developers, government bodies, and facility managers to pilot and commercialize their technologies, enabling practical application and market validation.
- Selected companies should focus on the real estate, construction, sustainability, or property management ecosystem, and have both local and global potential.
- This program aligns with Dubai’s Economic Agenda D33, the Dubai Real Estate Sector Strategy 2033, Abu Dhabi's Hub71, and Saudi Arabia's Vision 2030, positioning Dubai and the broader Middle East region as a hub for innovation in real estate technology.
