The top funded PropTech startups in MEAPT—covering the Middle East, Africa, Pakistan, and Turkey—are driving a digital transformation in real estate. From streamlining property transactions to enabling “Rent Now Pay Later” (RNPL) solutions and automating construction, these companies are attracting major venture capital and reshaping how people buy, rent, manage, and invest in property.
At the top of the list is Property Finder, a UAE-based platform that has raised over US $232 million. Known for connecting buyers, sellers, and renters through a user-friendly digital interface, Property Finder has become the region’s leading real estate marketplace. In May 2024, the company raised US $90 million in debt financing to repurchase shares from early investor BECO Capital, a move that demonstrates long-term strategic thinking and confidence in future growth. This deal also reflects a growing appetite among local founders and late-stage startups to regain equity and reduce investor dilution. We can see this in mature PropTech companies across MEAPT.
Other notable names include Mindspace, an Israeli coworking startup that has raised US $147 million, and Buildots, which specializes in ConstructionTech using AI and computer vision to optimize building timelines, with US $121 million in total funding. These companies are redefining how buildings are designed, managed, and delivered, addressing both cost inefficiencies and sustainability concerns in the process.
Huspy, based in the UAE, is a rising star in digital mortgage services, with US $47 million raised to simplify and speed up the home financing process. As more millennials and Gen Z consumers enter the real estate market, the demand for streamlined, tech-first experiences like Huspy’s is accelerating.
Also worth noting in Top funded PropTech startups in MEAPT list is Keyper, a Rent Now Pay Later (RNPL) platform founded in 2022. In just two years, Keyper has processed millions in annual rent payments, demonstrating high demand for more flexible residential leasing options. In 2024 alone, it secured US $4 million in pre-Series A funding and US $30 million via a Shariah-compliant sukuk—one of the first such instruments issued by a PropTech company in the region. This brings its total capital raised to US $40.5 million, placing it squarely among the top 20 PropTech startups in MEAPT.
Overall, PropTech in MEAPT is gaining serious traction. From coworking and real estate SaaS to construction robotics and tokenized property ownership, startups across the value chain are securing multi-million-dollar deals and scaling rapidly. According to Lucidity Insights, cumulative funding across the top 20 startups now exceeds US $1.7 billion, underscoring growing investor confidence in the sector.
With economic diversification a top priority in the Gulf and digital infrastructure improving across Africa and South Asia, the PropTech market is poised for continued expansion. The region’s startup ecosystem is no longer following trends—it’s setting them. And the top funded PropTech startups in MEAPT are at the center of it.
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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.