Mubadala Joins Property Finder’s $170m Fundraise

Dubai’s leading property portal, Property Finder, secured $170 million in a fresh investment from UAE-based backers, pushing its total fundraising in recent months close to $1 billion. This latest round of investments highlights growing investor confidence in the region’s digital real estate platforms and the broader property market, reflecting continued momentum in Dubai proptech investment.

What’s more, Abu Dhabi’s Mubadala Investment Company contributed $75 million to the round, while BECO Capital invested $20 million. According to Property Finder, the remaining capital is being provided by another wealth fund that has not been publicly disclosed, a milestone moment in the Property Finder fundraise Michael Lahyani, Founder and Chief Executive Officer said

“As a UAE company, we find it very important to welcome local investors,” Michael Lahyani, founder and chief executive officer of Property Finder, said in an interview. “And we wanted to make room for them even though we didn’t really need to raise more capital.”

The new funding was preceded by a series of major financial milestones for the company. In September, Property Finder received $525 million from private equity firms Permira and Blackstone, and shortly afterward secured $250 million in debt financing from Ares Management. These deals reflect an increasing appetite for Gulf proptech funding and Gulf-based technology and real estate businesses among global investors, strengthening confidence in UAE real estate technology firms.

Increasing Real Estate Interest in the Gulf

So far, real estate businesses in the Gulf, and particularly in Dubai, have brought in a huge spike in foreign capital. With increasing numbers every year. Dubai specifically, has emerged as a major hub for rising foreign investment, tourism growth, and expanding corporate activity, setting the city to stand as a top global performer, while also keeping Abu Dhabi real estate investment in strong focus for long-term regional expansion

Lahyani noted that Property FInder has recorded around 30% growth in Dubai and Abu Dhabi over the past five years, driven by sustained demand fueled by the notion of most global asset managers treating the regions as a destination for investment, rather than a source of capital as it was seen in prior years

Despite this steady rise in the value of Dubai real estate assets, marking the longest real estate rally in known history, analysts continue to flag concerns around potential oversupply, bubble, and overheating in certain segments. Thus, despite its rapid expansion, Property Finder is not actively preparing for a public listing

Lahyani said the company prefers to scale further before considering an initial public offering (IPO), warning that going public too early could pose risks for the business. The company now continues to meet the robust demands of a rapidly scaling sector as it competes with similar classified platforms such as Dubizzle and Bayut.

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