Property Finder announced a new $170 million investment from the Mubadala Investment Company, alongside another UAE sovereign wealth fund and BECO Capital. The investment underscores Property Finder’s position as the region’s leading property portal and reaffirms Property Finder’s position as a technology innovator in MENA’s fast-growing property classifieds market.
Mubadala and the sovereign wealth fund will each invest $75 million. BECO Capital will invest $20 million from its newly launched $250 million Growth Fund I, its first deployment, deepening a partnership with Property Finder that began more than a decade ago, when BECO was the company’s first venture capital investor.
Michael Lahyani, Founder & 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. 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, added, “As Permira and Blackstone validated our story globally following our early partnership with General Atlantic, this investment affirms that confidence here at home. It accelerates our ambition to build the region’s leading real estate operating system, powered by data, trust and innovation. The addition of two leading UAE sovereign wealth funds further strengthens Property Finder’s institutional shareholder base and aligns the company even more closely with the UAE’s national agenda to build a world-leading digital economy.”
Dr. Bakheet Al Katheeri, CEO of UAE Investments Platform at Mubadala, said, “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. 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. We are pleased to support founders and entrepreneurs who are building market-leading platforms with strong fundamentals and sustainable, long-term regional impact.”
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
*Offer ends on Friday, 7th February.
