Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
Property Finder, a leading property portal in the Middle East, has secured a fresh investment of $170 million, including $75 million from Abu Dhabi sovereign fund Mubadala and $75 million from another UAE sovereign wealth fund, according to a statement issued by the company.
The statement, however, did not disclose the identity of the second UAE sovereign investor.
BECO Capital, one of Property Finder’s earliest venture capital investors, has committed an additional $20 million as part of the latest funding round, the statement said.
The latest investment follows a series of recent capital raises by the property portal. In 2025, funds advised by Permira, with significant participation from Blackstone Growth, invested $525 million in the company, according to the statement.
Michael Lahyani, Founder and Chief Executive Officer of Property Finder, said, “We are honoured to welcome Mubadala and our new sovereign wealth fund partners at such an important moment in our journey. Their support is a testament to the strength of our platform, the depth of our data and the resilience of our business model. We are also delighted to welcome back BECO, one of our earliest partners.”
Lahyani added, “The region continues to experience exceptional economic momentum, and we are proud to help build a more transparent, trusted and technology-enabled real estate market.”
Jamie O’Mahony, Chief Financial Officer of Property Finder, said the latest investment builds on earlier international backing for the company.
“As Permira and Blackstone validated our story globally following our early partnership with General Atlantic, this investment affirms that confidence here at home,” he said. “It accelerates our ambition to build the region’s leading real estate operating system, powered by data, trust and innovation.”
Dr. Bakheet Al Katheeri, Chief Executive Officer of the UAE Investments Platform at Mubadala, said the investment reflects the sovereign investor’s focus on supporting high-growth technology platforms.
“This investment reflects Mubadala’s continued commitment to support national champions and high-growth technology platforms, including the next generation of unicorns that are contributing to the UAE’s long-term economic development,” he said. “Property Finder has established a resilient and scalable business at the intersection of technology and real estate, a sector that remains a core strategic priority for Mubadala.”
Amer Alaily, General Partner at BECO Capital’s Growth Fund, said, “Property Finder is creating real value for all stakeholders in the real-estate ecosystem: buyers, agents, and sellers. The company exemplifies what our Growth fund was built to support.”
The statement said that, with the latest investment, Property Finder has now raised nearly $700 million in aggregate equity capital, in addition to $250 million in debt financing from Ares Management and HSBC. General Atlantic, which first invested in the company in 2018, continues to retain a significant shareholding.
Separately, Lahyani told Bloomberg that the company is not considering a stock market listing at this stage, ruling out an initial public offering in the near term.
“You need a minimum size before you can IPO a business,” he said. “It’s potentially dangerous to IPO a business sub-scale.”
Property Finder’s main competitor, Dubizzle, postponed its IPO plans after announcing a listing timeline in the second half of 2025.
