UAE Proptech Huspy Secures $59M to Expand European Operations
Dubai-based property technology startup Huspy has raised $59 million in funding to accelerate its expansion across European markets. The company aims to revolutionize home buying by digitizing traditionally paper-heavy mortgage processes.
Founder Jad Antoun launched Huspy in 2020 after experiencing frustrating delays and price inconsistencies while applying for mortgages at Dubai banks. The platform streamlines property purchases by connecting buyers, sellers, and financial institutions through digital tools that reduce processing time from months to weeks.
The funding round positions Huspy to scale its operations beyond the UAE into key European cities. The company’s technology addresses common pain points in real estate transactions, including lengthy paperwork requirements and pricing transparency issues that plague traditional mortgage applications.
Huspy’s digital-first approach has gained traction in the UAE’s competitive property market, where buyers previously faced significant bureaucratic hurdles. The platform integrates mortgage applications, property listings, and transaction management into a single interface.
The $59 million investment reflects growing investor confidence in proptech solutions that modernize real estate processes. European markets present substantial growth opportunities for Huspy’s streamlined approach, particularly as digital adoption accelerates across financial services.
The expansion strategy comes as property technology companies worldwide attract increased funding to digitize traditional real estate operations. Huspy’s success in the UAE market provides a foundation for replicating its model in European cities with similar regulatory frameworks.
