Reports indicate that the market value for real estate technology reached $25 billion in 2021, and this global market is expected to reach $64.3 billion by 2028, growing at a compound annual growth rate (CAGR) of 15.4% from 2023 to 2028.

A report by MAGNiTT noted that a total of $128 million in funding was directed toward the real estate technology industry by 2021 in the Middle East and North Africa region.

Market studies have shown that 80% of companies using real estate technology have seen a positive impact on operations management and service delivery, and 70% of these companies have seen greater efficiency in decision-making and an increase in funding, making real estate technology the most common feature of the real estate industry today. In fact, about 58% of real estate companies currently use at least one or two real estate technology tools.