Dubai - Sharikat Mubasher: The Dubai-headquartered AI-powered platform, Prop-AI, successfully secured $1.5 million in a pre-seed funding round led by Plus VC, with participation from leading venture capital firms Joa Capital, Select Ventures, Oraseya Capital, and Plug & Play, alongside strategic angel investors and family offices from Saudi Arabia and Bahrain.
Prop-AI will utilize the new capital to expand its regional data integration, continue developing its tech and AI capabilities, and forge key partnerships with real estate developers, brokerages, and financial institutions across the MENA region and beyond, the company unveiled in a statement yesterday.
The platform revolutionizes the way people discover, evaluate, and purchase real estate by automating and enhancing property searches, evaluations, and presentations, harnessing advanced AI and machine learning to help all users make confident decisions in complex and fast-paced markets.
Christian Kunz, Co-founder of Prop-AI, said: “This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate. We're focused on the launch of our highly anticipated Prop-AI Business platform and APIs for real estate professionals and introducing the region’s most advanced Agentic AI for Real Estate within the coming months.”
Prop-AI rolls out a revamped UI/UX and powerful new features, including an interactive investor map pulling in all key data for investors and owners, making it easier to navigate the complex real estate landscape intuitively and backed with data.
Meanwhile, Ranime El-Skaff, CEO of Prop-AI, stated that the funding will enable Prop-AI to accelerate its vision of empowering individuals, institutions, and autonomous AI systems to invest in real estate with confidence.
“Prop-AI is well-positioned to lead the next wave of intelligent PropTech solutions across the Middle East and beyond. We’re proud to support Ranime, Christian, and the team as they scale their platform and bring greater transparency to the real estate industry,” said Hasan Haider, Managing Partner at +VC.
During the first quarter (Q1) of 2025, Prop-AI tripled its revenue and was recently awarded the prestigious AI Seal of Excellence from the Dubai Centre for Artificial Intelligence, recognizing its contribution to the UAE’s broader vision of becoming a global AI innovation hub.