Property Finder, a Dubai-based property portal, has announced a combined total investment of US$525 million, led by funds advised by Permira, with significant participation from funds managed by Blackstone Growth.

The investment represents a meaningful minority stake and underscores Property Finder’s position in MENA’s property classifieds market.

As part of the transaction, General Atlantic, a cornerstone shareholder since 2018, has sold part of its stake while retaining a significant minority shareholding.

Together, Permira, Blackstone and General Atlantic bring global experience in online classifieds, reflecting confidence in Property Finder’s potential for growth in the UAE and across the MENA region.

Property Finder operates the largest property portal in the region.

The UAE property market, its primary market, is valued at approximately $160 billion in 2024 and is projected to grow around 13% over the next five years.

The company has consistently developed its platform through comprehensive listings, a trusted user experience, and technology- and AI-driven products.

Michael Lahyani, CEO and Founder of Property Finder, said:

“By welcoming Permira and Blackstone alongside General Atlantic as strategic investors, we are accelerating our mission to reshape real estate across the region through technology, AI, and an industry-leading property platform. This investment is a clear vote of confidence in Property Finder, in the UAE, and in the vast opportunity ahead.”

Permira, Blackstone and General Atlantic have prior experience investing in online classifieds, including in Adevinta ASA, one of the world’s largest classifieds platforms.

The transaction will allow Property Finder to leverage the expertise of Permira and Blackstone alongside General Atlantic’s global network as it scales its platform, explores new markets, and captures opportunities in the region’s property sector.

Featured image credit: Edited by Fintech News Middle East, based on image by jcomp via Freepik