Property Finder Secures $170m as UAE Sovereign Funds Increase Exposure

Property Finder has announced a new $170 million equity investment led by Abu Dhabi-based sovereign investor Mubadala, alongside another UAE sovereign wealth fund and existing backer BECO Capital.

The funding adds to what has already been a busy capital-raising period for the Middle East property portal and further entrenches a shareholder base dominated by global private equity firms and state-backed investors.

Under the transaction, Mubadala and the unnamed UAE sovereign wealth fund will each commit $75 million, with BECO Capital investing $20 million from its newly launched $250 million Growth Fund I. For BECO, the deal represents its first deployment from that fund and a continuation of a relationship that dates back more than a decade, when it backed Property Finder as its first venture capital investor.

The raise follows a significantly larger $525 million investment completed in 2025, led by funds advised by Permira with participation from Blackstone Growth. That round marked a step change in Property Finder’s capital structure and valuation, bringing the company’s total equity funding close to $700 million. In addition, the business has previously secured around $250 million in debt financing from Ares Management and HSBC.

General Atlantic, which first invested in Property Finder in 2018, remains a major shareholder following the latest transaction.

Property Finder operates across the Middle East and North Africa and has built a strong position in the UAE portal market where it competes with Dubizzle Group (Bayut and Dubizzle). In recent years, it has invested heavily in product development, including AI-driven tools such as Credit Optimizer, Home Valuation and SuperAgent, alongside partnerships covering areas such as fractional ownership and property services.

Commenting on the investment, Property Finder founder and CEO Michael Lahyani said:

 “We are honoured to welcome Mubadala and our new sovereign wealth fund partners at such an important moment in our journey. Their support is a testament to the strength of our platform, the depth of our data and the resilience of our business model. We are also delighted to welcome back BECO, one of our earliest partners. The region continues to experience exceptional economic momentum, and we are proud to help build a more transparent, trusted and technology-enabled real estate market.”

J.P. Morgan acted as sole placement agent on the transaction, with Moelis & Company serving as independent financial adviser.