Top 10 Proptech Companies in UAE
Top 10 Proptech Companies in UAE
When it comes to Proptech, UAE has been burgeoning for the last 30 years. It is expected to reach a growth mark of 133.53 billion USD by the year 2026.
Surprisingly, the UAE transitioned its wealth through tourism, real estate, and other means rather than being dependent on its oil-based development model.
Realizing considerable economic growth in the real estate sector, the government has also started to take certain steps. This includes encouraging entrepreneurs to invest and transform the current scenario by organizing various events.
The proptech market in UAE is at its pinnacle today. In Dubai alone, the real estate rate transaction has increased by 65% compared to last year. There could be no better time than today for you not to consider grabbing this opportunity.
Let’s examine the gamut of services offered by the top 10 proptech companies in UAE.
10. SmartCrowd
Founders – Abdul Kadir Faizal, Musfique Ahmed, Siddiq Farid
Founding Year – 2017
Headquarter – Fintech Hive, DIFC, Dubai, UAE
SmartCrowd allows customers to invest in real estate effectively. It’s a crowd-funded platform that is DFSA-regulated. It’s quite a feasible option for people to generate side income by investing in the real estate sector. The investments of customers lead to generate an income which gets credit to their wallet. One can withdraw their earnings at any time or can opt to reinvest for some extra gain.
Founder – Mr. Seyed Mohammad Ata Shobeiry
Founding Year – 2018
Headquarters – Shangri La Offices503. Dubai, Dubai
The company was founded with the aim to help property seekers get their dream home. The portal has an advanced search functionality that helps customers find the exact properties that cater to their needs. One can directly contact the real estate agent through their agent chat option. Zoom Property is a fairly advanced option in the market for people looking to buy or rent a property. They have paid immense attention to providing the best services possible.
8. Procurified
Founders – Marc Lemmens, Rupert Tait
Founding Year – 2019
Headquarters – Astrolabs, Lakeside Cluster R, JLT, Dubai, UAE.
Procurified has been helping its users ease construction tendering for both buyers and sellers. Procurified offers the latest marketing tools to elevate business growth. Their portal provides their users with the option to make a fully-fledged, trustable profile that would be seen by their potential buyers. On top of that, one can also track their project progress through the company’s analysis features. Users are relying on data-driven decision-making to make more informed choices.
7. ProTenders
Founders – Christian Azar, Karim Helal, Vlad Romascanu
Founding Year – 2009
Headquarter – Abu Dhabi, UAE
ProTenders enabled the construction industry to connect for the sake of real estate business owners. This has helped them reach out to unexplored market territories and made the whole tendering process easier. It’s an all-in-one online platform that offers its customers the flexibility to run their businesses from the comfort of their homes. It gives the option to showcase a portfolio and create product catalogs so one can easily be found by potential partners. Apart from that, it also has SEO integration.
6. Houza
Founders – Abdullah Alajaji, Barry Judge, Carl Allsopp, Husni Al Bayari, Lewis Allsopp, Ryan Mahoney
Founding Year – 2020
Headquarter – Al Sufouh 1, Dubai, UAE.
Houza is an online portal for customers to buy and sell their properties. It offers highly personalized listings. Their portal offers several newer functionalities. One of which is to know the costing of per square foot. The details of properties are found to be updated on a regular basis. Thousands of their users are using their Price Widget tool to make their search results more personalized.
5. Nomad Homes
Founders – Damien Drap, Dan Piehler, Helen Chen
Founding Year – 2019
Headquarter – Onyx Tower 2, Dubai, UAE.
Nomad Homes offers its users a curated list of properties with the top brokerages possible. Once the user finalizes a property, the company takes care of the rest on their behalf, including things like finances, registration, transfer of ownership, and negotiation. With a company catering to their customers’ needs, it’s quite impossible not to stand out in the market. Right now, Nomad Homes focuses on expanding its services all over Europe, the Middle East, and Africa (EMEA).
4. Emerging Markets Property Group
Founders – Imran Ali Khan, Zeeshan Ali Khan
Founding Year – 2015
Headquarter – Dubai, UAE.
Under their flagship fall quite big ventures, including Bayut-Dubizzle, Zameen, Lamudi, OLX, Mubawab, etc. The company claims a monthly website traffic of 167 million, establishing itself as a leading classified online portal in the market. It also comes under the top three startup unicorns of UAE and is valued at 1 billion USD. This has led them to expand to over 18 countries worldwide.
3. Stake
Founders – Rami Tabbara, Manar Mahmassami, Ricardo Brizido
Founding Year – 2020
Headquarter – Trade Centre, DIFC, Dubai, UAE.
Stake made it feasible for its audience to have an online portfolio of real estate assets. People tend to invest their money in order to generate a second or passive income on the side. Seeing that as their segue, Stake stepped in to offer real estate holdings to its buyers at a minimal fee of AED 500 or 136 USD. The company claims to handle investments for its users, right from acquiring to the exiting process.
2. Huspy
Founders – Jad Antoun, Khalid Ashmawy
Founding Year – 2020
Headquarter – Bay Gate, Dubai, UAE.
Buying a house is quite complex, especially when you’re a beginner. However, to ease the complexities involved, Huspy came up with a USP of making it simpler for people. With Huspy coming to the rescue, it has become easier than ever to buy a property or to finance it. It’s a transparent operation with no extra charges, allowing this portal to establish itself in the industry. The company allows its users to apply for a mortgage from the comfort of their home.
Founders – Michael Lahyani, Renan Bourdeau
Founding Year – 2007
Headquarters – Shatha Tower, Dubai Media City, Dubai, UAE.
When it comes to making a better decision regarding the needs of developers, real estate quotations, and house seekers, Property Finder has become a go-to option in the proptech market. The company has extended its range of offering services from Bahrain, Qatar, Saudi Arabia to Egypt. After a few years of its arrival in the industry, it has acquired many startups since then. With a traffic of 6 million visitors on their website, Property Finder had no struggle raising funding.