By Lucidity Insights Research Team • February 02, 2025
Will a Proptech Revolution Happen in the MEA?
The Middle East and Africa region is poised for a Proptech revolution, transforming the property sector with digital innovations. Rapid urbanization, housing crises, and outdated systems create opportunities for Proptech solutions like AI-driven design tools, digital marketplaces, and fractional ownership models. The UAE leads with $1.7 trillion in real estate projects, while Sub-Saharan Africa addresses housing deficits. Proptech startups like PRYPCO and Stake are democratizing property investment, and Tenderd is optimizing construction. This revolution promises more affordable, sustainable, and efficient real estate, reshaping economies and improving lives. Follow Lucidity Insights for more on this transformative trend.
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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.
Other Videos
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Property Finder evolved from print listings to an AI-driven PropTech leader in 17 years, transforming real estate across MENA. Watch Michael Lahyani’s story.
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Property Finder, Keyper, Agora & more raise $250M+ in 2024, transforming real estate search, financing, AI-driven logistics & industrial IoT. Watch video now.
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Explore how PropTech is reshaping MEA's real estate sector, projected to reach $2.14 billion by 2030, with AI, IoT, and blockchain tackling urban challenges.
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Watch the video to explore May 2024 MENAPT startup investments: 41% drop in deal value, key Proptech deals, and notable funding rounds. Discover trends!
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MEAPT startup raised $2.32B in February, favoring fewer but larger deals. Quantum Machines, Tabby, Dream Security & more lead the month’s top 10 funding rounds.
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GCC startup funding soared 6x YoY to $849.6M, driven by Lendo’s $690M mega-round. Forus, RIZE, Zension & Jeel Pay lead the month’s top five investments.
