Throughout 2024, property technology (‘Proptech’) has continued to reshape how people build, rent, sell, and manage property across the Middle East, Africa, Pakistan, and Turkey. In the Gulf alone, the ongoing or planned real estate projects reach US $1.7 trillion. The growth of Proptech in the MEAPT region is significantly influenced by proactive MEAPT’s Proptech investors in this list who recognize the sector’s potential.
At the top of the list is Flat6Labs, by far the most active investor in the space, with 20 transactions. While the average ticket size was relatively small—just under US $1 million total—their consistent support for early-stage startups is helping seed the next wave of real estate innovation in the region.
Coming in second is Techstars that’s made 16 investments in MEAPT Proptech startups, totalling US $2.4 million. As a global accelerator, their focus here is also early-stage backing and mentorship for growing young companies with bold ideas.
500 Global takes third place, with 12 transactions and US $9.7 million deployed. Known for its international presence and growth-stage bets, their involvement signals serious belief in the region’s Proptech potential.
WAED Ventures, the VC arm of Saudi Aramco, is fourth. It might only have eight deals in total, but its funding muscle is hard to ignore. WAED invested US $52.5 million in total, making it one of the biggest contributors by capital, not just volume.
Next in MEAPT’s Proptech investors list, SOSV rounds out the top five with seven deals and US $2.2 million in investments, maintaining a steady presence in the seed-stage landscape.
Further down the list, regional players like BECO Capital, Vision Ventures, and VentureSouq are helping bridge local market knowledge with targeted funding. VentureSouq stands out with US $50.6 million across five deals, showing another sign that regional capital is ready to scale local winners.
This mix of accelerators, VCs, and corporate arms reflects a healthy investor ecosystem. The region's Proptech sector stands at the intersection of rapid urban growth and technological advancement. The ecosystem will continue to evolve, making Proptech more efficient, transparent, and user-centric.
The MEAPT’s Proptech investors are driving the adoption of technologies that address region-specific challenges, such as housing affordability, efficient property management, and sustainable urban planning. Together, they’re helping to shape what real estate will look like across some of the world’s fastest-changing markets.
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MEAPT PropTech Review 2024
The real estate industry across the Middle East, Africa, Pakistan, and Turkey (MEAPT) is undergoing a digital transformation. Proptech (property technology) is revolutionizing how properties are designed, built, bought, and managed. Big names in the area, like Dubai’s Property Finder for example, has raised over $232M, evolving into the region’s first unicorn. Additionally, players like Ejari, Rize, PRYPCO, and Holo are tackling rent flexibility, mortgages, and digital transactions with their innovative solutions. Lucidity Insights’ MEAPT Proptech Review 2024 highlights key trends, rising startups, and the sector’s rapid growth. The MEAPT Proptech market, valued at $816.8M in 2022, is projected to hit $2.14B by 2030, driven by urbanization, housing shortages, and capital inefficiencies.