Property Finder, a leading property portal in the Middle East and North Africa, today announced a combined total investment of $525 million in the Company led by funds advised by Permira. Funds managed by Blackstone Growth are investing significant capital into the transaction. The combined investment represents a meaningful minority stake and reaffirms Property Finder’s position as a market leader and technology innovator in MENA’s fast-growing property classifieds market.
The Transaction
As part of the transaction, General Atlantic, which has been a cornerstone shareholder of Property Finder since 2018, has sold part of its stake while retaining a significant minority shareholding. Together, Permira, Blackstone and General Atlantic bring global expertise and a track record of investing in leading online classifieds businesses. Their participation reflects the confidence of three global investment firms in Property Finder’s significant potential to grow in the large and fast-developing property classifieds marketplace in the UAE and across MENA.
Property Portal
Property Finder operates the MENA region’s largest and most preferred property portal . The UAE property market, the largest market for Property Finder, is worth c.$160bn in 2024 and is projected to grow c.13% over the next five years. Property Finder has consistently transformed and improved how people buy, sell, and rent homes in the region through its comprehensive listings inventory, trusted user experience, and suite of innovative products powered by technology and AI.
Defining Moment
Michael Lahyani, CEO and Founder of Property Finder, said: “This partnership represents a defining moment in Property Finder’s journey. 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. I want to thank our customers and partners, users, regulators, and the incredible Property Finder team whose dedication continues to fuel our growth story.”
