In a strategic move that underscores the growing interest in Dubai’s dynamic real estate market, private equity giants Permira and Blackstone have invested $525 million in Property Finder, a leading real estate classifieds platform in the MENA region. This deal values the company at approximately $2 billion and highlights the confidence investors have in the future growth of the Dubai property market.
Permira, which led the investment with a $350 million contribution, has entered the Middle Eastern market for the first time through this deal. Blackstone Growth also provided significant capital, further strengthening the financial backing of Property Finder. The deal comes as Property Finder continues its rapid expansion across the MENA region, including key markets like Saudi Arabia, Egypt, and Qatar.
Property Finder plans to use the fresh capital to enhance its AI-driven platform, improve its property search and transaction services, and expand its regional footprint. The company has been a pioneer in digitising the property search process in the MENA region, making it a go-to platform for buyers and sellers alike. With the backing of such significant investors, the company is set to reinforce its leadership position.
Dubai’s real estate market has seen strong growth, with average sale prices rising by 68% over the past six years. The city’s population growth has also been a key driver of demand for housing. Although concerns about potential market corrections linger, Property Finder’s leadership remains optimistic, citing a solid financial position and increasing transaction volumes as stabilising factors for the business.
With the support of Permira, Blackstone, and General Atlantic, Property Finder is poised for further growth, positioning itself as a key player in the region’s real estate digital platform space. As the market continues to evolve, this investment reflects a broader trend of increasing private equity interest in the MENA real estate sector.
