Meet the PropTech Startups Transforming MENA’s Real Estate in 2024

The PropTech sector in the MENA region is evolving rapidly, with startups securing major funding rounds in 2024 to reshape how people buy, sell, and manage real estate. Taking the top sport in our list is Sakan, a Kuwait-based real estate marketplace that raised US $12 million. In the second spot is Saudi Arabia’s Ejari, a Rent-Now-Pay-Later (RNPL) platform that attracted US $14.65 million, reflecting the growing demand for alternative real estate financing. Meanwhile, Prypco, focusing on fractional ownership and home loans, secured US $10 million.

As VC investors shift their focus toward capital-efficient and scalable solutions, many of these startups are strategically positioning themselves with asset-light business models that enhance existing real estate infrastructure rather than requiring heavy capital expenditure. Companies like Holo, a UAE-based digital mortgage platform, and Rize, another RNPL innovator, are leveraging technology to streamline transactions and improve accessibility. The rise of fractional ownership platforms such as HissaTech further highlights how PropTech startups are reshaping real estate investment in MENA. With rapid urbanization, a push for sustainability, and growing investor interest, the future of PropTech in MENA is just beginning to unfold.