Dubai Land Department in partnership with Second Century Ventures launch REACH Middle East
Dubai Land Department in partnership with Second Century Ventures launch REACH Middle East
REACH Middle East opens applications for its inaugural 2025 program
Dubai Land Department has partnered with Second Century Ventures to launch REACH Middle East, a real estate technology accelerator designed to transform the sector across the region. Officially opening applications for its first cohort in 2025, the program is inviting startups from all industries to apply. The initiative is led by PropTech (Property Technology) pioneers Siddiq Farid and Karim Helal, and marks a significant step in aligning the region’s property market with global advancements in digital technology.
REACH Middle East is structured as an eight-month, high-impact accelerator program that will select up to 10 promising startups. Chosen participants will gain access to funding, mentorship, pilot opportunities, and connections that can help them scale both regionally and internationally. Each selected startup may receive up to $250,000 in seed capital and will be introduced to strategic investors, paving the way for follow-on funding.
See Properties to invest in 2025.
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The program is not limited to traditional real estate startups. Instead, it encourages applications from companies using emerging technologies, such as artificial intelligence, the IoT, and blockchain, with the potential to impact real estate, construction, sustainability, or property management. Revenue-generating startups between the seed and Series A stages are especially encouraged to apply. In addition to financial investment, REACH Middle East is said to offer direct access to major real estate developers, government entities, and facility managers, allowing startups to test and commercialise their technologies in real-world settings. Participants will also receive mentorship from global experts, successful founders, and seasoned real estate professionals. The accelerator aims to help startups plug into a global network of over 330 alumni companies and provide visibility at major industry events, trade shows, and conferences.
Second Century Ventures, the venture capital arm of the National Association of Realtors in the United States, is the driving force behind REACH globally and is recognised as the most active real estate tech fund worldwide. Its unique position allows it to leverage a vast network of real estate professionals, corporate executives, and technology leaders to support startup growth.
Dr. Mahmoud AlBurai, Head of Policies and Innovation at Dubai Land Department, highlighted the strategic importance of the initiative. “We are proud to collaborate with REACH Middle East to unlock the potential of real estate tech startups across the region. With Dubai as the starting point, this accelerator will provide unparalleled support to entrepreneurs, fostering solutions that resonate throughout the Middle East and contribute to the global real estate ecosystem.”
Applications for the inaugural cohort are now open and can be submitted online at: www.nar-reach.com/middle-east
Source: Arabian Business