Investment Fuels Expansion in MENA Real Estate Market

Property Finder, a Dubai-based real estate platform, secured a substantial $525 million strategic investment. The funding round was led by Permira, with significant contributions from Blackstone Growth. This investment, representing a minority stake, aims to fuel the company's expansion and technological advancements throughout the MENA region.

The investment also involves existing investor General Atlantic, a major shareholder since 2018, selling a portion of its stake while maintaining a significant minority holding. The UAE property market, Property Finder's primary market, is valued at approximately $160 billion in 2024 and is anticipated to grow by 13% over the next five years.

Michael Lahyani, CEO and Founder of Property Finder, highlighted the investment as a pivotal moment, emphasizing the acceleration of their mission to revolutionize real estate through technology and AI. David Erlong from Permira and Paul Morrissey from Blackstone Growth expressed confidence in Property Finder's growth potential and its ability to digitize the MENA real estate sector.

This strategic investment will enable Property Finder to leverage the global expertise and networks of Permira, Blackstone, and General Atlantic, supporting its platform's scaling and expansion into new markets. The goal is to streamline property search and transactions for both consumers and partners.