UAE’s Huspy Raises $59M to Disrupt Europe’s Real Estate

Huspy’s $59M Series B Signals a Proptech Resurgence

Huspy raises $59M to double down on real estate innovation in Europe and the Middle East. The UAE-based proptech company, founded to digitize and streamline mortgage processes, has rapidly scaled operations since its launch in 2020. With this fresh funding round led by Balderton Capital, Huspy aims to expand its low-overhead, agent-driven platform across major cities in both regions.

The investment follows a $40 million Series A raised in 2022, backed by firms including Founders Fund and Peak XV Partners. Despite a challenging proptech climate globally, Huspy has maintained growth by building tech infrastructure that reduces friction in both home search and mortgage approval.

Building on Proven Success in UAE and Spain

Huspy’s growth playbook—proven in Dubai and Valencia—centers on partnerships with top banks and real estate marketplaces. By offering digital pre-approvals and CRM support tools for freelance agents, Huspy captures value from both sides of the real estate transaction.

In the UAE, the company now claims 30% of the mortgage market, including 25% in Dubai. In Spain, a fragmented market with over 100,000 agents, Huspy has entered six cities and achieved over 20x year-on-year growth. Rather than holding inventory or acting as a brokerage, Huspy operates a network-based model reminiscent of platforms like Uber, connecting agents to buyers and mortgage services.

Its efficiency-led model contrasts with the capital-intensive approaches taken by U.S. firms like Opendoor and Compass, which have struggled under high interest rates and valuation pressures.

Platform, Partnerships, and Proptech Strategy

Huspy’s business model prioritizes scalability. Agents receive vetted leads from partners such as Property Finder and Idealista, while Huspy facilitates the entire transaction workflow—from viewing to financing. Integrated mortgage products via banking partners allow seamless service delivery.

CEO Jad Antoun emphasizes that their edge lies in operational maturity and local expertise. “In Spain, we have better efficiency,” he noted, attributing success to early market entry and high-performing agent onboarding.

The startup has facilitated over $7 billion in transactions and served more than 25,000 homebuyers across markets. It earns through commissions and success fees—mainly from agents and banks—without the burden of asset ownership.

This asset-light model allows faster launches in mid-sized cities with high transaction volumes but low agent efficiency. With over 10 cities in the pipeline by the end of 2025, Huspy appears poised to define the next phase of real estate innovation.

What’s Next for Huspy and Proptech in EMEA?

The new capital will support expansion into Saudi Arabia and additional European cities, cementing Huspy’s role in the EMEA proptech resurgence. The company’s momentum highlights growing investor confidence in scalable, tech-first real estate platforms even amid global market headwinds.

As competition heats up, with regional peers like Nawy also raising funds, Huspy’s execution-driven approach could be a template for other startups navigating complex property markets.

What will determine which proptechs thrive as real estate digitization accelerates across the Middle East and Europe?

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