According to MAGNiTT’s 2019 Real Estate Venture Investment Report, the Real Estate industry witnessed increased investment activity in the Middle East and North Africa (MENA) region since 2015, with a total of 16 investment deals taking place over the last 5 years. Furthermore, when comparing 2018 to 2019, deal and funding activity saw a decline, from 7 to 3 investments, and from $123M to $100M, 57%, and 19% respectively.
Although venture activity in this space is relatively nascent in comparison to other industries, MENA-based Real Estate startups witnessed sizable funding rounds (+$100M) over the years, leading with EMPG, which received total funding of $250M raised in two funding rounds, $100M in 2019 and $150M in 2020. The United Arab Emirates, home to major companies such as EMPG, Propertyfinder, and Bayut, saw more than 90% of Real Estate investment activity in MENA's startup ecosystem.
Highest funded Real Estate startups 2015 - 2020 YTD
The Emerging Markets Property Group (EMPG) owns and operates bespoke property verticals in emerging markets, primarily in the Middle East and South Asia. The group's flagship ventures are Bayut.com in the UAE, Zameen.com in Pakistan, and Bproperty.com in Bangladesh.
Launched in 2007, propertyfinder.ae is owned and operated by The Property Finder Group which also owns and operates real estate portals across the Gulf and the Middle East.
Founded in 2008 by Zeeshan and Imran Ali Khan, the two brothers that successfully established Zameen.com in Pakistan, Bayut.com is a UAE-based property website and a part of the Emerging Market Property Group (EMPG), with an extensive inventory of 1,200 agencies
Check out our 2019 Real Estate Venture Investment Report for more in-depth and comprehensive insights on investment trends within MENA’s Real Estate space.