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Dubai-based Property Finder has raised USD 250 million in debt financing from Ares Management to accelerate its growth in the Middle East. The funds will support product development, AI-driven solutions, marketing, and strategic partnerships, according to CEO Michael Lahyani. The platform, operating for nearly two decades, competes with Dubizzle and Bayut. The new funding comes after USD 90 million from Francisco Partners last year and a USD 525 million minority stake acquisition by Permira and Blackstone last month, highlighting ongoing investor confidence in Dubai's real estate sector.
Dubai-based real estate classifieds platform Property Finder has secured USD 250 million in debt financing from investment manager Ares Management. The funding is intended to accelerate the company's growth in the Middle East by supporting investments in product development, AI-driven solutions, marketing and branding, as well as forming strategic partnerships, according to Michael Lahyani, the company's founder and CEO. Advertisement
Established nearly twenty years ago, Property Finder has grown to become one of the leading property portals in the Middle East. The platform competes with other major players in the region, including Dubizzle and Bayut, and has been steadily expanding its technological and service offerings to cater to a growing base of users and real estate professionals.
This new round of debt financing follows USD 90 million provided by Francisco Partners last year, showing consistent investor interest in the company's growth trajectory. In addition, Permira and Blackstone acquired a USD 525 million minority stake in Property Finder last month, reflecting strong investor confidence in Dubai's real estate market and the digital property sector.
The recent funding is expected to enhance Property Finder's ability to innovate and strengthen its position in a competitive market. It will enable the platform to invest in advanced technology solutions and expand its reach, ensuring it remains a key player in the region's real estate ecosystem while meeting the rising demands of buyers, sellers, and brokers.
Source Reuters
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