Dubai, UAE – In the fast-evolving landscape of Middle Eastern real estate, few startups have made as swift and significant an impact as Huspy, the UAE-based PropTech company on a mission to revolutionize the way people buy and finance homes. Launched in 2020, Huspy is rapidly becoming synonymous with innovation, transparency, and seamless digital experiences in a sector historically dominated by paperwork and intermediaries.
A Frustration That Sparked a Movement
Huspy was born out of a personal pain point. Co-founders Jad Antoun and Khalid Abboudi recognized how archaic and opaque the property financing system in the UAE was. Lengthy processes, limited transparency, and high dependency on brokers were making homeownership unnecessarily difficult for residents and expats alike. With backgrounds in tech and finance, they decided to change that narrative by leveraging digital infrastructure to offer an end-to-end home financing platform.
Digital First, Consumer-Centric Always
What makes Huspy stand out is its digital-first approach. Its core product began with a mortgage comparison platform that connects buyers to banks and mortgage brokers—cutting down processing times and costs dramatically. With instant pre-approvals, expert guidance, and digital document handling, Huspy began turning what used to be a months-long ordeal into a matter of days.
The startup further deepened its value proposition by launching HuspyAI—the GCC’s first AI-powered mortgage chatbot. It uses generative AI to guide users through home loan applications, answer questions in real time, and even predict financing outcomes. With this move, Huspy has positioned itself not just as a digital facilitator but as an intelligent, always-on real estate companion.
Recent reports indicate Huspy’s total portfolio now surpasses $7 billion in real estate transactions since launch—an astonishing figure that reflects both scale and trust. In Dubai specifically, Huspy commands a remarkable 25% market share in all home financing transactions. Depending on the metric and geography, the platform is now responsible for about a quarter to a third of all mortgage transactions in the UAE.
From Mortgage Marketplace to Real Estate Super App
Huspy’s ambitions go far beyond mortgages. In 2022, it made waves by acquiring major real estate brokerages in the UAE, signaling its transition into a full-fledged real estate ecosystem. The platform now offers property discovery, mortgage financing, and brokerage services under one roof—becoming one of the first players in the region to do so.
This integrated approach is already yielding results. Huspy’s network facilitates thousands of home transactions per month, and its user base spans UAE nationals, expats, and global investors. With its localized knowledge and digital agility, the startup is uniquely positioned to cater to the UAE’s growing population and real estate demand.
Fueling Growth with Strategic Funding
Huspy’s vision is backed by global investors. In its recent funding round, it raised US$59 million in a Series B funding round led by Balderton Capital, a UK-based venture capital (VC) firm. This Series B round also saw participation for a third time from India-based VC and growth investing firm Peak XV (formerly Sequoia Capital India and Southeast Asia), as well as US-based investment firm ExBorder Partners, Singapore-based private equity firm Turmeric Capital, UAE-based global venture firm BY Ventures, tailored investment and wealth management platform Dara Management, and KE Partners, a UAE-based investment firm by Elias Bakhazi and Karen Wazen. These funds are fueling expansion across the GCC, hiring top talent, and scaling its proprietary tech.
Award-Winning and Regulation-Ready
Recognition has followed. From being listed among the UAE’s most promising startups to winning real estate innovation awards, Huspy has earned industry validation. Just as importantly, it operates in close alignment with UAE regulatory frameworks—ensuring transparency, compliance, and trust.
Huspy isn’t just digitizing real estate—it’s redefining the way a region dreams of homeownership. And if its current trajectory continues, the startup could become the benchmark for PropTech innovation not just in the Middle East, but globally.
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