Latest news with #PropTech
Wamda
7 days ago
- Business
- Wamda
Nawy enters GCC proptech market by acquiring Dubai's SmartCrowd
Egypt-based proptech Nawy has acquired a majority stake in Dubai-based SmartCrowd, a DFSA-regulated platform that enables fractional property investment in the region. The move follows Nawy's recent $52 million Series A round and marks its official entry into the GCC market, strengthening its position as a regional real estate tech powerhouse. SmartCrowd claims to have facilitated $110 million in property transactions and distributed over $40 million in returns, with over 130 countries represented among its investor base. With this acquisition, Nawy's ecosystem now includes platforms for home financing, brokerage, fractional ownership, and asset enhancement—offering a full-stack proptech experience for MENA markets. Press release: e&-backed Nawy has entered the GCC market with a strategic majority stake in SmartCrowd, the region's first regulated platform enabling fractional property investments. The move strengthens Nawy's bid to become the definitive PropTech leader across the Middle East and Africa. This expansion follows Nawy's recent $52 million Series A fundraise in participation with e& Capital, Partech, March Capital Investments (MCI), Endeavor Catalyst, Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq, VentureSouq (VSQ), Outliers, Verod-Kepple Africa Ventures (VKAV), HOF Capital, and Plug and Play, part of a US $75 million total to accelerate its growth across real estate verticals including digital property listings, mortgage financing, brokerage services, and fractional ownership. Earlier this year, the Cairo-based company acquired asset management and home finishing startup ROA, relaunching it as Nawy Unlocked, a key pillar in its upcoming property super-app. With Dubai-headquartered SmartCrowd now part of its ecosystem, Nawy establishes a powerful foothold in the GCC market. Founded in 2018, SmartCrowd pioneered fractional property investment in Dubai, allowing users to co-invest in premium, income-generating real estate from as little as $150. To date, the platform has enabled $110 million in property transactions, distributing over $40 million in rental income and capital gains. SmartCrowd currently serves investors from over 130 countries and has successfully exited more than 50 properties as of June 2025, reinforcing its reputation for delivering consistent, market-leading returns. One of its flagship offerings, Flip, acquires and renovates undervalued assets to resell within 15 months – yielding an average 30% ROI as of June 2025. The UAE's real estate investment sector is projected to reach $33 billion by 2030, driven by tokenisation, fractional ownership, and increased cross-border participation – making it a prime inflection point for Nawy's regional push. 'This is a transformative transaction for SmartCrowd, joining forces with Nawy to build the region's premier PropTech ecosystem,' added Riz Ahmed, CEO of SmartCrowd. 'With strong alignment in vision and culture, this partnership accelerates our transition from startup to scale-up – making us the go-to platform for real estate investment in the Middle East.' 'SmartCrowd's platform gives us a proven investment engine built on trust, performance, and regulatory strength,' said Mostafa El-Beltagy, CEO of Nawy. 'The perfect match for Nawy's tech-first approach to real estate. Together, we're unlocking a new era of seamless property investment across MENA: data-driven, accessible, and built for today's digital investor.' Nawy's growing ecosystem includes Nawy Now (home financing), Nawy Shares (fractional ownership platform), Nawy Unlocked (asset enhancement services), and Nawy Partners (B2B brokerage network). Together with SmartCrowd, the group delivers a comprehensive, tech-powered platform to buy, manage, and profit from real estate across key MENA markets. With over 1 million monthly users and $3 Billion in gross merchandise value to date, Nawy is rapidly establishing itself as a transformative force in the region's PropTech landscape.
Zawya
09-07-2025
- Business
- Zawya
Africa's largest proptech Nawy acquires majority stake in Dubai's SmartCrowd
Dubai, UAE: e&-backed Nawy, has entered the GCC market with a strategic majority stake in SmartCrowd, the region's first regulated platform enabling fractional property investments. The move strengthens Nawy's bid to become the definitive PropTech leader across the Middle East and Africa. This expansion follows Nawy's recent $52 million, Series A fundraise in participation with e& Capital, Partech, March Capital Investments (MCI), Endeavor Catalyst, , Development Partners International (DPI) Venture Capital via the Nclude Fund, Shorooq, VentureSouq (VSQ), Outliers, Verod-Kepple Africa Ventures (VKAV), HOF Capital, and Plug and Play, part of a US $75 million total to accelerate its growth across real estate verticals including digital property listings, mortgage financing, brokerage services, and fractional ownership. Earlier this year, the Cairo-based company acquired asset management and home finishing startup ROA, relaunching it as Nawy Unlocked, a key pillar in its upcoming property super-app. With Dubai headquartered SmartCrowd now part of its ecosystem, Nawy establishes a powerful foothold in the GCC market. Founded in 2018, SmartCrowd pioneered fractional property investment in Dubai, allowing users to co-invest in premium, income-generating real estate from as little as $150. To date, the platform has enabled $110 million in property transactions, distributing over $40 million in rental income and capital gains. SmartCrowd currently serves investors from over 130 countries and has successfully exited more than 50 properties as of June 2025, reinforcing its reputation for delivering consistent, market-leading returns. One of its flagship offerings, Flip, acquires and renovates undervalued assets to resell within 15 months – yielding an average 30% ROI as of June 2025. The UAE's real estate investment sector is projected to reach $33 billion by 2030, driven by tokenization, fractional ownership, and increased cross-border participation – making it a prime inflection point for Nawy's regional push. 'This is a transformative transaction for SmartCrowd, joining forces with Nawy to build the region's premier PropTech ecosystem,' added Riz Ahmed, CEO of SmartCrowd. 'With strong alignment in vision and culture, this partnership accelerates our transition from startup to scale-up - making us the go-to platform for real estate investment in the Middle East.' 'SmartCrowd's platform gives us a proven investment engine built on trust, performance, and regulatory strength,' said Mostafa El-Beltagy, CEO of Nawy. 'The perfect match for Nawy's tech-first approach to real estate. Together, we're unlocking a new era of seamless property investment across MENA: data-driven, accessible, and built for today's digital investor.' Nawy's growing ecosystem includes Nawy Now (home financing), Nawy Shares (fractional ownership platform), Nawy Unlocked (asset enhancement services), and Nawy Partners (B2B brokerage network). Together with SmartCrowd, the group delivers a comprehensive, tech-powered platform to buy, manage, and profit from real estate across key MENA markets. With over 1 million monthly users and $3 Billion in gross merchandise value to date, Nawy is rapidly establishing itself as a transformative force in the region's PropTech landscape. About SmartCrowd SmartCrowd is the MENA region's first regulated real estate investment platform, licensed by the DFSA and registered with the DIFC. As a pioneer in fractional property ownership in Dubai, SmartCrowd opens the door for global investors to access prime real estate through a secure, transparent, and regulated framework. Whether through long-term rental income or short-term renovation strategies, SmartCrowd empowers individuals to grow their wealth in UAE real estate with confidence. For more information visit or follow SmartCrowd on Instagram and LinkedIn. About Nawy Nawy is Africa's largest proptech company, transforming real estate across the MENA region with cutting-edge technology. With AI-powered search, expert in-house brokerage, and innovative financing solutions, Nawy simplifies property transactions for consumers, brokers, and developers alike. Its growing portfolio includes Nawy Shares, Nawy Now, Nawy Partners, and Nawy Unlocked where it enhances accessibility, transparency, and efficiency. Nawy's vision is to play an integral role in every real estate transaction, driving innovation and shaping the future of the industry.. For more information with or follow Nawy on Instagram and Linkedin
Globe and Mail
07-07-2025
- Business
- Globe and Mail
La Rosa Holdings Corp. Launches New Transaction Management Module, Intended to Deliver Significant Cost Savings and Operational Efficiencies
Celebration, FL, July 07, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ('La Rosa' or the 'Company'), a real estate and PropTech company, today announced the launch of My Agent Account Version 4.0, a major enhancement to the Company's proprietary agent platform. The new version, which went live on July 1, 2025, features a fully integrated Transaction Management module that is intended to deliver significant cost savings to the Company by improving efficiency, reducing manual processes, and eliminating reliance on expensive third-party systems. My Agent Account, La Rosa's proprietary platform, was designed to empower agents with a comprehensive suite of tools and resources. Serving as a centralized hub, it enables agents by streamlining daily operations, consolidating essential business tools, and reducing administrative workload. With the introduction of the new transaction module, La Rosa has significantly improved the platform's ability to manage workflows. All La Rosa agents have access to My Agent Account and are required to pay an annual subscription fee per agent for it. Joe La Rosa, CEO of La Rosa, commented, 'We are continuously enhancing and refining our proprietary technology to optimize key processes across the organization. The upgrade to our transaction management system is a strategic investment that delivers clear benefits to both our agents and our operations. By improving efficiency and reducing costs, we are building a stronger foundation for profitable and sustainable growth. We also recently announced a historic milestone of surpassing 3,000 agents. As our agent network continues to expand, so will the recurring revenue generated from My Agent Account, as all agents are required to pay an annual subscription fee to access the platform. This growth further strengthens our scalable, technology-driven business model.' Alex Santos, Chief Technology Officer of La Rosa, commented, 'As we move into the second half of the year, with our proprietary transaction management system now fully in place, we aim to continue to enhance the platform to better support our agents. Planned updates are expected to include features such as automated transaction notifications, key deadline reminders, market condition alerts, and quick access to brokerage policies and process guidelines. We expect that, with the support of AI, these improvements will enable the system to intelligently anticipate agent needs, helping them work smarter, stay ahead of critical tasks, and provide even better service to their clients.' About La Rosa Holdings Corp. La Rosa Holdings Corp. (Nasdaq: LRHC) is transforming the real estate industry by providing agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with 100% commission. Powered by its proprietary technology platform, La Rosa aims to equip agents and franchisees with the tools they need to deliver exceptional service. The Company offers both residential and commercial real estate brokerage services, as well as technology-driven products and support for its agents and franchise partners. Its business model includes internal services for agents and external offerings for the public, spanning real estate brokerage, franchising, education and coaching, and property management. La Rosa operates 26 corporate-owned brokerage offices across Florida, California, Texas, Georgia, North Carolina, and Puerto Rico. La Rosa also recently started its expansion into Europe, beginning with engagement of the area developer in Spain. Additionally, the Company has six franchised offices and branches and three affiliated brokerage locations in the U.S. and Puerto Rico. The Company also operates a full-service escrow settlement and title company in Florida. For more information, please visit: Stay connected with La Rosa, sign up for news alerts here: Forward-Looking Statements This press release contains forward-looking statements regarding the Company's current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company's services and the Company's customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company's past and future acquired brokerages, the effect of the recent National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC'). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading 'Risk Factors' in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and other reports and documents that we file from time to time with the SEC. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
Zawya
07-07-2025
- Business
- Zawya
Binghatti becomes founding partner of Dubai PropTech Hub
Binghatti Holding, one of the UAE's leading real estate developers, said it has become a founding partner of the newly launched Dubai PropTech Hub, a groundbreaking initiative by DIFC Innovation Hub and Dubai Land Department (DLD). As a founding partner of the Dubai PropTech Hub, Binghatti will support the transformation of the real estate sector through the adoption of cutting-edge technologies such as artificial intelligence, blockchain, and sustainable smart infrastructure. Located within the DIFC Innovation Hub, the initiative will serve as a dynamic ecosystem that fosters collaboration between developers, start-ups, investors, and regulators. The Hub is expected to spur the growth of over 200 proptech companies, creating more than 3,000 jobs, and attracting $300 million in venture capital by 2030. Through its scale-up accelerator, Living Lab, and bespoke innovation programs, the hub will give Binghatti prioritised access to next-generation proptech start-ups to create innovative solutions tailored to the region's unique market dynamics across the entire real estate value chain. CEO Katralnada BinGhatti said its partnership with the Dubai PropTech Hub underscores the developer's commitment to shaping a smarter, more sustainable future for real estate in Dubai. "Innovation and sustainability have always been at the heart of Binghatti's growth strategy and our partnership with the hub will reinforce our position as one of the most innovative real estate developers in the region," he stated. "Our role in the PropTech Hub will also support the acceleration of our digital transformation strategy across our real estate developments through the integration of emerging technologies that will enhance operational efficiency, reduce energy consumption and make the customer experience more seamless," he added. Binghatti said it is redefining the real estate experience through a suite of cutting-edge technologies designed to enhance transparency, accessibility, and investor engagement. From high-fidelity 3D modelling and immersive virtual walk-throughs to AI-powered design simulations, the company is enabling clients to explore and interact with properties in real time, no matter where they are in the world. Binghatti is also pioneering blockchain-based property tokenisation, a breakthrough that simplifies transactions, enhances liquidity, and opens up fractional ownership opportunities. This initiative aligns with the Dubai Land Department's digitisation roadmap and supports the emirate's ambition to become a global leader in smart real estate. The Emirati developer currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Meydan, Dubai Science Park, Dubai Production City, and Sports City.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
CairoScene
06-07-2025
- Business
- CairoScene
Dubai Launches PropTech Hub to Support 200 Startups by 2030
The Dubai PropTech Hub, launched by DIFC and Dubai Land Department, aims to back 200 startups, create 3,000 jobs and attract USD 300 million by 2030, reinforcing Dubai's real estate tech leadership. Jul 06, 2025 Dubai has launched its first dedicated PropTech innovation hub, a collaboration between the DIFC Innovation Hub and the Dubai Land Department (DLD), aimed at transforming the real estate sector using technology. Located within DIFC, the hub is designed to support over 200 PropTech startups and scale-ups, generate more than 3,000 jobs, and attract USD 300 million in investment by 2030. Under the guidance of Sheikh Hamdan bin Mohammed, Deputy Prime Minister of the UAE and Chairman of Dubai's Executive Council, the hub builds on the DLD's Real Estate Evolution Space (REES) initiative. It offers services tailored to PropTech firms, including customised licensing, purpose-built workspaces, incubators, venture-building support, joint pilot programmes, and access to regulatory and financial networks. Built on a collaborative model, the hub brings together regulators, developers like Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, infrastructure provider Transguard, technology firms, and investors. These founding partners are already piloting AI-powered smart-building and security solutions through the DIFC Innovation Hub. By fostering startup growth, job creation, and investment, the PropTech Hub aligns with the Dubai Economic Agenda D33 and Real Estate Sector Strategy 2033. Dubai aims to improve transparency, accessibility, and technological sophistication in its property market, supporting sustainable, smart-city development.
