Top 10 PropTech Startups In The Middle East In 2024
The Middle East is one of the most innovative regions in terms of technology and one of the most recognised marketplaces for PropTech firms, with 30% of our network’s entrepreneurs hailing from the region.
Here we have collected The top 10 PropTech startups in the Middle East in this article.
List of Top 10 PropTech Startups In The Middle East In 2024
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One of the top rental and real estate marketplaces in Turkey, the Middle East, and North Africa (MENA), is Property Finder. Over 18,000 real estate brokers work for the organization, which also receives 800,000 customer inquiries each month and more than 6 million visits. With a valuation of more than $500 million, Property Finder just raised 120 million US dollars in investment.
Emerging Markets Property Group (EMPG)
In emerging regions, especially in the Middle East and North America, the Emerging Markets Property Group (EMPG), formerly known as Zamzama Property Group, owns and runs listings websites. EMPG claims 217 million monthly visitors. EMPG, one of the UAE’s three unicorn firms, is valued at $1 billion USD. Total funding for the business is $279 million USD.
A mortgage consulting firm for the UAE and UK markets, Home Matters, was recently acquired by Huspy, an online mortgage broker formed in 2020. According to Huspy, its month-over-month (MoM) growth rate is 30%. The combined corporation now manages more than $1 billion USD in annual gross merchandise value (GMV).
Users of Nomad Homes can search for, purchase, and finance residential real estate throughout Europe and the Middle East all under one canopy. Users browse through a selection of professionally curated listings from top brokerages before deciding which properties they want to view during a virtual or in-person meeting.
Stake is a platform for crowdsourcing real estate with a headquarters in the Dubai International Financial Center (DIFC). Customers can start investing in rental homes through the company as low as AED 500 (US$136). In its first five months of operation, it claims to have gathered 4,000 registered members, with over 300 of them investing a total of US$1.5 million.
Houza, a real estate platform launched in September 2020, offers customers a simple search option that contains all the most updated listings as well as neighborhood exposés and specialized, exclusive content. With over 200 brokers in its network and over 55,000 properties listed in the UAE, Houza is swiftly emerging as a competitive competitor.
Founded in 2008 in Dubai, Bayut is a business that provides a listing platform for residential properties.
A user can discover various kinds of real estate in the UAE, including apartments, villas, workplaces, and retail spaces. Real estate search trends, current market prices, nearby areas, and building archives are all discussed on Bayut.
ViewIT is a Dubai-based business that provides managed co-working spaces, private offices, workstations, Wi-Fi, conference rooms, and other amenities. In 2018, Mohammed Bin Rashid Innovation Fund, 500 Global, and Sanabil were among the investors in ViewIT.
Dubai Palm Island
Investor Hirzel Ventures founded Dubai Palm Island in 2019. Online marketplace for premium properties that are expertly managed. Users are now able to search for houses based on many parameters, including price, neighborhood, category, community, rooms, etc. Here, a range of property kinds, including villas, penthouses, apartments, and lands, are offered for sale.
A company called Kitopi that provides a cloud-based network for businesses who distribute food. The company assists food businesses with delivery-only operations in opening online storefronts. This 2018-founded business is backed by SoftBank Vision Fund, DisruptAD, B. Riley Financial, and 23 other investors.