Egypt's Nawy Acquires Majority Stake in Dubai's SmartCrowd
Jul 09, 2025
Egyptian proptech platform Nawy has acquired a majority stake in SmartCrowd, a fractional property investment platform based in Dubai. The acquisition marks Nawy's first strategic move into the GCC, following a broader push to expand its presence across the region.
SmartCrowd, licensed by the Dubai Financial Services Authority, enables users to invest in real estate through a regulated fractional ownership model. The platform has facilitated over 75 property deals and attracted more than 50,000 users. By acquiring SmartCrowd, Nawy gains immediate access to the GCC market while integrating regulated fractional investment services into its portfolio.
The deal comes on the heels of Nawy's $52 million Series A funding round, which forms part of a larger $75 million capital package that includes $23 million in debt financing. The acquisition reflects Nawy's strategy to scale regionally through targeted investment and strategic partnerships, rather than building new platforms from the ground up.
Founded in 2019, Nawy has grown into Egypt's largest real estate tech platform, offering a range of services including property search, financing, and after-sales management. With this acquisition, the company is positioning itself as a cross-border proptech player capable of serving a broader MENA customer base.
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