Real estate platform Nawy secures $52M funding for expansion beyond Egyptian borders
Egyptian Proptech Startup Nawy Expands Across MENA
Egyptian proptech startup Nawy is making waves in the MENA region as it expands into Morocco, Saudi Arabia, and the UAE. Following a successful $75 million Series A funding round in May 2025, Nawy is poised to disrupt traditional property markets with its tech-driven, transparent approach.
The startup, founded in 2019 by Mostafa El Beltagy and his team, has grown beyond a simple listings platform. It now offers mortgage financing, fractional property investments, and property management services to over 3,000 brokerages across the MENA region, handling an annual Gross Merchandise Value (GMV) exceeding $1.4 billion.
In the UAE, Nawy has made a significant stride by acquiring Dubai-based regulated fractional property investment platform SmartCrowd. This move positions Nawy as a major player in the fractional ownership and property investment market in the UAE.
While the specifics of Nawy's expansion strategies for Morocco and Saudi Arabia are yet to be revealed, the company's targeting of these markets indicates plans to introduce its full suite of services - including fractional ownership (Nawy Shares), mortgage financing (Nawy Now), and property management (Nawy Unlocked) - to these countries’ real estate markets.
Nawy's unique model of paying brokers commissions upfront has been instrumental in attracting over 3,000 brokerages. The startup has also introduced Move Now Pay Later, a financing option designed to ease Egypt's limited mortgage access. Furthermore, Nawy Unlocked, the service acquired from ROA, deepens Nawy's real estate service offerings.
The company aims to integrate more AI capabilities to streamline its services and improve user experience. With a total funding of $75 million, including $23 million in debt, Nawy positions itself as a regional proptech leader, disrupting North Africa and the Middle East's traditional property markets through tech, transparency, and regional expansion.
Nawy's platform currently boasts over 1 million monthly site visitors, a testament to its growing popularity. As the startup continues its expansion, it is set to transform property ownership and investment across the MENA region.
Nawy, with its successful $75 million Series A funding and unique model, has ventured into finance by offering mortgage financing, fractional property investments, and property management services. As the startup expands into Morocco, Saudi Arabia, and the UAE, it aims to introduce its entire suite of financial services to these countries' real estate markets.
