When Jad Antoun founded Huspy in Dubai in 2020, the mission was clear: eliminate the exhausting maze of paperwork, inefficiencies, and misinformation that plagued the UAE’s mortgage system. Fast forward to 2025, Huspy is no longer just a disruptor. It is a dominant player, powering property transactions across the UAE and Spain, and now preparing to deepen its presence across Europe and the Middle East.
With a fresh $59 million Series B raise led by Balderton Capital, the company is positioning itself as the region’s most scalable real estate innovation engine. The round brings its total funding to nearly $100 million, placing it among the highest-funded proptech startups born in the Middle East.
Rewriting the Proptech Playbook from Dubai
What Huspy is doing isn’t just digital mortgage processing. It is creating a full-stack real estate ecosystem, linking banks, agents, platforms, and homebuyers on a single intelligent interface. In a market where transparency has often lagged, Huspy offers clarity.
From launching instant pre-approvals to securing exclusive deals with top banks, Antoun and his team built trust in a traditionally relationship-driven market. Within three years, Huspy claims to have captured 30 percent of the UAE mortgage market, including 25 percent in Dubai alone.
That momentum wasn’t localised. In 2022, Huspy made its European debut, targeting Spain, a notoriously fragmented market with over 100,000 agents but little digital cohesion.
Low Overhead, High Velocity: The Uber of Real Estate
Huspy doesn’t operate like traditional brokerages or iBuyers. It doesn’t hold inventory. Instead, it empowers freelance agents with leads, CRM tools, and AI-backed transaction support, plugging into established marketplaces like Property Finder in the UAE and Idealista in Spain.
Think of it as the Uber of real estate, a platform that matches property seekers with high-performing agents while streamlining mortgage access via partner banks. The model is asset-light, scalable, and has proven incredibly sticky.
Antoun, a former VC with Dubai-based Beco Capital, and co-founder Ziad Nassar, who leads European expansion, have built what they call a “repeatable, defensible, and hyper-efficient launch playbook.”
Their approach? Identify mid-sized cities with high transaction volumes and poor digital infrastructure, partner with local marketplaces, onboard star agents, and scale with embedded financial products.
In less than a year, Huspy has become one of Valencia’s top three real estate platforms by transaction volume, and is currently operational in six Spanish cities with 20 times year-on-year growth.
Why This Raise Matters, And Why Now
The 59 million dollar round comes at a critical time for proptech globally. Many Western counterparts, such as Compass and Opendoor, have seen plunging valuations and investor fatigue, mostly due to high interest rates and operational burn.
Huspy’s ability to scale efficiently across two vastly different markets, the Gulf and Europe, without owning assets or inventory, shows a path that other Middle East startups are now eyeing.
Balderton Capital’s General Partner Rana Yared sums it up:
Huspy has built a repeatable and efficient playbook for city launches. Their pace of innovation, especially around AI tools for brokers and agents, continues to raise the bar for the entire industry.”
What’s Next: Saudi Arabia, Then the Rest of Europe
With this fresh injection of capital, Huspy plans to launch operations in Saudi Arabia, a market undergoing its real estate transformation under Vision 2030, and expand into several more European cities by the end of 2025.
The startup has already facilitated over 7 billion dollars in property transactions and helped 25,000-plus customers buy homes. Its revenue has grown over 10 times since 2022, driven by commissions and success fees from agents and banks.
Antoun believes the product market fit is now proven.
We’ve been in the trenches longer, and we know how to unlock both trust and efficiency. In Europe and the Middle East, nobody else has built what we’ve built at this pace.”
Proptech in the Middle East Is No Longer a Side Bet
Huspy’s rise reflects a broader truth about the Middle East. It is no longer a tech consumer. It is a global innovation exporter. From payments to logistics to proptech, the UAE and Saudi Arabia are now launching companies that don’t just serve the region, they scale into Western markets with intent.
If Huspy succeeds in Spain and Saudi Arabia, it sets a precedent for what is born in the Gulf can achieve.
And from where we stand, the era of Middle East-born global platforms has just begun.
This article was rewritten with the aid of AI
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