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Hello, tech enthusiasts! Grab your gadgets because I’ve got an exciting story about a startup transforming real estate in the UAE and beyond.
Imagine the hassle of buying a home in Dubai — endless paperwork, confusing listings, and long waits. That’s what motivated Jad Antoun to launch Huspy, a clever platform making home shopping smoother with digital tools. Over five years, Huspy became a major player in the UAE, even branching into Spain, helping users find homes and secure mortgages online.
The company just secured a massive $59 million in Series B funding. This fresh capital will help Huspy grow its presence not only in the Middle East but also in Europe, especially in Spain and Saudi Arabia. Backed by investors like Balderton Capital, Founders Fund, and Peak XV Partners, Huspy has already raised over $40 million in 2022, showing strong investor confidence.
Despite difficult times for proptech companies like Opendoor and Compass, Huspy has proven resilient. It developed a repeatable model by partnering with banks and streamlining mortgage processes, which now captures a significant share of the UAE market and is expanding to new cities with high transaction volumes and eager agents.
Antoun and his team focus on a marketplace approach — connecting freelance agents with property listings and mortgage options. This efficient system has helped over 25,000 people buy homes, facilitating more than $7 billion in transactions. Their goal? To operate in more than 10 European and Middle Eastern cities by the end of 2025.
Antoun shares insights from his experience in the UAE, emphasizing targeted solutions and strategic collaborations. Huspy’s approach minimizes overhead and maximizes reach, making it a tough competitor for traditional and iBuyer models. Their innovative AI tools continue to push the industry forward, setting new standards for real estate tech.
As the property market heats up in Europe and the Middle East, Huspy is poised to lead with its scalable, network-driven model and a focus on digital ease for homebuyers.
