News

Hub71 Refreshes Its Company Building Program

Startups may be eligible for up to $204,000 to help accelerate growth and hasten their contribution to the local economy.

Published

1 year ago

October 17, 2023

Nour Nasir

hub71 refreshes its company building program

At this year’s GITEX Global conference, Abu Dhabi’s global tech ecosystem, Hub71, has announced a refreshed startup incentive known as the Company Building Program, where eligible businesses can receive up to $204,000 to accelerate their growth — a 50% increase over the original funding figure.

Upon completion of the program, top-performing startups could also be selected by Hub71 for an additional cash incentive of nearly $70,000 in exchange for additional equity.

The new incentive is a “natural progression” for Hub71, expanding on its pledge to support early-stage technology companies.

hub71 abu dhabi deputy ceo ahmad ali alwan

“This impact and shift to provide greater value to our startup community solidifies our commitment to founders as we aim to enhance the growth trajectory of innovative companies with the simplicity and flexibility needed to ensure they succeed,” Deputy CEO Ahmad Ali Alwan said.

“Our dedication will go beyond financial support; we are deeply invested in the success of startups in our community and will remain engaged in ensuring their sustainable growth and development in Abu Dhabi and beyond,” he continued.

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Startups joining the Hub71 Company Building Program unlock an extensive network of corporations, government entities, and investment opportunities. The program also gives startups access to mentorship, advice, and support, which positively affects their ability to grow and contribute to the economy.

Globally, the startup sector is valued at a massive $3 trillion. By 2030, The UAE aims to create a home for 20 “unicorns” — startups with a valuation of $1 billion or more. Hub71’s new program should aid those ambitions, boosting the number of high-performing tech companies headquartered in Abu Dhabi.

News

Skyloov Shakes Up UAE Real Estate Sector With Record Growth

Launched in October 2024, the property portal is already recording an impressive 2.7 million monthly visitors.

Published

3 days ago

January 27, 2025

Nour Nasir

skyloov shakes up uae real estate sector with record growth

Skyloov, the UAE’s newest real estate platform, has gained huge traction since launching in October 2024. Focused on “innovation, transparency, and user empowerment,” the startup has quickly positioned itself as a major player in the region’s competitive property market.

In just a few months, Skyloov has recorded an impressive 2.7 million monthly visitors — an indicator of how well it’s resonating with UAE buyers, renters, and investors. The portal already boasts 110,000 property listings spanning all seven emirates, 1,000 licensed brokers, and over 70,000 daily property searches.

skyloov shakes up uae real estate sector

“Skyloov is not just another property portal; it’s a game-changer in how real estate is discovered and sold,” said Dr. Abdulaziz Albwardi, Chairman of the Board at Skyloov. “Our achievements in such a short time reflect our commitment to offering a transparent and innovative platform that meets the evolving needs of property seekers and brokers alike. We are here to challenge the status quo and empower our users to succeed in a competitive market”.

What sets Skyloov apart is its cutting-edge technology and user-centric design. Features like AI-powered property matchmaking and voice-activated search within its mobile app make finding the perfect property simple and intuitive. The platform’s integration with the Dubai Land Department (DLD) also ensures every listing is verified, offering users peace of mind in their search. Meanwhile, brokers benefit from an array of listing and management tools, supported by real-time analytics that the company claims deliver high-quality leads and tangible results.

Also Read: Etihad Rail Plans 30 Minute Dubai To Abu Dhabi Train Link

Skyloov’s rapid success makes it one of the fastest-growing platforms in the UAE’s real estate market, and the company is already laying the groundwork to become the leading property portal in the entire MENA region. By continuing to prioritize innovation, transparency, and user empowerment, Skyloov is not just competing — it’s setting new benchmarks for the industry.