Key Giveaways:
- Sandbox Expansion: Dubai Future Foundation introduces two new regulatory sandboxes focused on the gig economy and PropTech sectors.
- Promoting Innovation: The sandboxes provide a safe space for companies to test new technologies and business models under flexible regulatory oversight.
- Future-Proofing Dubai: These initiatives support the Dubai Economic Agenda (D33) goals of doubling the city’s economy and establishing its position as a leading future economy.
Dubai, UAE – Dubai Future Foundation (DFF) has launched two new regulatory sandboxes under its Sandbox Dubai initiative, aimed at fostering innovation and accelerating regulatory advancements in the gig economy and PropTech sectors.
Sandbox Dubai provides a structured platform for companies to experiment with new products, services, and business models in a controlled environment with adaptive regulatory supervision. This approach enables faster innovation and facilitates the development of future-proof regulations.
The Gig Economy Sandbox will explore flexible work models and inform regulatory frameworks to prepare key industries for the future of work. Meanwhile, the PropTech Sandbox will focus on accelerating the adoption of emerging technologies to enhance the efficiency, sustainability, and accessibility of Dubai’s real estate sector.
Khalfan Juma Belhoul, CEO of Dubai Future Foundation, emphasized the importance of Sandbox Dubai in bringing together public and private sector stakeholders to collaborate on shaping regulations and driving modernization across key industries.
“The initiative fosters a supportive environment to speed up the adoption of cutting-edge technologies, innovative practices, and emerging business models,” said Belhoul. “This is to enhance the agility of Dubai’s economy and labour markets, positioning the city as a global leader in embracing future-forward practices and technologies.”
These new sandboxes align with the ambitious goals of the Dubai Economic Agenda (D33), which aims to double the size of Dubai’s economy in the next decade and solidify its position as a top global economy. By encouraging innovation and facilitating regulatory advancements, Dubai is creating a dynamic environment for businesses to thrive and contribute to the city’s future growth.
