As the UAE’s real estate market continues to boom, a new wave of tech companies is leveraging data to address major industry challenges like transparency, security and operational efficiency. These innovative platforms are transforming property management, targeting high-value segments such as sustainable buildings and premium developments with a projected $20 billion market opportunity by 2026.

One such company, Magma, is leading the way providing a unified platform that consolidates building data, financials, specifications and maintenance logs into one secure, easily accessible source for all stakeholders. The aim is to eliminate data silos, streamline operations and improve decision-making for property managers, developers and investors.

The rise of these tech-driven platforms comes at a critical time as the real estate industry faces growing concerns about data security. Traditional systems often suffer from fragmented, outdated or unverified information, leading to inefficiencies and costly errors. Magma and similar platforms are addressing this with advanced technologies like blockchain and digital twins, ensuring secure, compliant and up-to-date data management.

With the MENA region’s green building market expected to exceed $300 billion by 2030, these tech ventures are also positioning themselves to support the region’s growing focus on sustainability, helping to drive more efficient and eco-friendly developments.

As the market shifts towards data-driven property management, industry experts predict platforms like Magma could capture a significant portion of the UAE’s digital real estate transformation which is expected to be worth billions in the coming years.