This column diagram exhibits the result of our research of PropTech in different geographic regions. It is very interesting to note, that the rate of purely Commercial PropTech solutions in UAE [all numbers referring to UAE include also GCC PropTechs, and are based on 60 PropTechs, as of Oct. 22] is just 10.5% as compare to 17.76% in Europe [based on 4141 European-origin PropTechs, as of Oct. 22]. Bulgaria‘s result is 12.3% [based on 211 Bulgarian-origin PropTechs as of Oct.22].
Next, when we look at the more standard mix-use PropTechs, the ones which serve both Commercial + Residential, the results per regions are as follows,
UAE & GCC: 28.1% of all PropTechs there.
Europe: 17.21% of all European-origin PropTechs which is very close to the number of purely Commercial RE PropTechs.
Bulgaria: 12.3% of all Bulgarian-origin PropTechs. The same number as purely Commercial PropTechs.
Even here we see that close to one-third of UAE-origin PropTechs are mix-use from their inception.