Dubai – Sharikat Mubasher: Egyptian PropTech startup Nawy acquired a majority stake in Dubai’s SmartCrowd, the GCC’s first regulated platform for fractional property investment.

According to a recent press release, this move marks Nawy’s official entry into the Gulf market following its recent $52 million Series A raise, backed by e& Capital and other global investors.

Founded in 2018, SmartCrowd enables users from over 130 countries to co-invest in income-generating real estate from as little as $150. The platform has facilitated $110 million in transactions and returned over $40 million in rental income and capital gains to date.

The acquisition strengthens Nawy’s vision to build a full-stack PropTech ecosystem, integrating SmartCrowd into its offerings alongside mortgage solutions, brokerage services, asset management, and fractional ownership. The deal positions Nawy to capitalize on the UAE’s projected $33 billion real estate investment sector by 2030.

Riz Ahmed, SmartCrowd CEO, called the deal a “transformative” step, while Mostafa El-Beltagy, CEO of Nawy said the partnership creates a “data-driven, accessible platform for property investment across MENA.”