Property Finder Secures $250M to Boost AI and Innovation in MENA Real Estate

3 min
Property Finder secured $250 million in debt financing from Ares Management's credit funds.
The financing will support product innovation, AI, marketing and strategic collaborations.
Ares sees Property Finder as a leader with a strong record of profitability.
From 2020 to 2024, Property Finder's annual revenue growth exceeded 40%.
Investments from global players highlight faith in the UAE’s burgeoning tech scene.
Property Finder seems to be upping the ante once again. The Dubai-based platform, often described as the region’s go-to for all things real estate, has secured a hefty $250 million debt financing from Ares Management’s credit funds. The deal isn’t just another funding headline—it’s a signal that confidence in the MENA tech ecosystem, and in Property Finder’s model specifically, remains sky-high.
Michael Lahyani, the company’s founder and CEO, called the agreement a major step in building what he hopes will be “the region’s most trusted and intelligent property platform.” The financing, he explained, will help double down on product innovation, artificial intelligence, marketing and strategic collaborations. I’ve seen plenty of startups talk up their “next phase” of growth, but in this case, given the numbers, it’s not just hot air.
On the flip side, Ares is clearly betting big on Property Finder’s steady hand. Michael Dennis, Partner and Co‑Head of European Credit at Ares, said they view the firm as a category leader with a solid record of profitability and execution. He made it sound rather simple: a good team, sound financials, and a clear tech advantage. That’s pretty spot on in investor language.
To put it into perspective, Property Finder’s financial performance has been nothing short of impressive. The group chalked up a revenue growth rate above 40% annually between 2020 and 2024. In the UAE alone, its real estate revenues shot from $30 million in 2021 to $117 million in 2024, and $73 million just in the first half of 2025—while EBITDA margins pushed past 60%. Those figures reflect how effectively the “one‑brand, one‑tech‑stack” model translates into profits across the region.
Axis Arbor Partners in London advised on the debt transaction, which follows earlier backing from heavyweights Permira and Blackstone. Taken together, this string of global players getting involved suggests deeper faith in the UAE’s growing tech scene. Personally, I reckon this kind of momentum gives other regional scale‑ups a solid benchmark for what’s possible when financial discipline meets solid innovation.
It also reminds me of why places like Arageek keep pushing stories like these forward—because they quietly prove that local tech founders don’t just dream big, they deliver. And believe it or not, for all the buzz around sand‑drenched skylines and property apps, the real lesson here might be about patient, smart growth. It’s not always glamorous… but it definately pays off.
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