Dubai proptech Prop-AI secures $1.5 million Pre-Seed
Plus VC leads funding for Dubai-based AI real estate startup pre-seed round
#UAE #funding - Dubai-headquartered AI-powered real estate company Prop-AI has secured $1.5 million in pre-seed funding to expand its property investment platform across the Middle East and North Africa (MENA) region. The round was led by Abu Dhabi-based venture capital firm Plus VC, with participation from Joa Capital, Select Ventures, Oraseya Capital, and global accelerator Plug & Play, alongside angel investors from Saudi Arabia and Bahrain. The 2023-founded startup aims to build the "Bloomberg of Real Estate" by automating property search and evaluation processes for investors ranging from first-time buyers to institutional players.
SO WHAT? - This funding adds to the growing momentum for the venture capital funding of AI-driven startups in the region, although in a vertical sector that is already a favourite for investors. Prop-AI's successful raise shows continuing investor confidence in proptech innovation within the MENA region, particularly in the UAE, amid the real estate sector’s eagerness to embrace AI-powered solutions.
Here are some key details about the fund raise:
Dubai-headquartered Prop-AI has secured $1.5 million in pre-seed funding to expand its real estate investment platform across the MENA region.
The Dubai-based startup was founded in 2023 and has more than tripled its revenue in Q1 2025, demonstrating strong early traction in the proptech market.
The startup leverages real-time data, predictive analytics and conversational AI, together with with investment-grade tools to deliver actionable insights for property investment decisions across regional markets
The company is preparing to launch its Prop-AI Business platform with APIs for real estate professionals, plus advanced Agentic AI for Real Estate within the coming months.
Prop-AI is the first proptech company to receive the AI Seal of Excellence from the Dubai Centre for AI, a government initiative to verify the legitimacy, R&D presence, and the type of AI services offered by UAE-based AI companies
The platform uses AI and machine learning to automate property search, evaluation and presentation for investors from first-time buyers to institutional players across complex markets
The new funding will support regional data integration, AI capability development, strategic partnerships with developers and brokerages, and the launch of new services across MENA.
ZOOM OUT - Venture capital investment in the AI sector is gaining momentum in the MENA region, but deal-flow remains limited. According to Wamda, during May 2025 startups in MENA raised $289 million across 44 deals, marketing a 25% increase from April. However, despite the huge government and private sector in digital transformation and the market buzz regarding AI, just $25 million of funding across two AI startup deals was recorded during the month, being less than 10% of the total recorded VC investment. The situation makes Prop-AI’s Pre-Seed fund raise all the more noteworthy.
[Written and edited with the assistance of AI]
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