Cairo – Mubasher: Egypt-based proptech Nawy has acquired a majority stake in Dubai-based SmartCrowd, the region’s first regulated platform enabling fractional property investments.
The transaction follows Nawy’s recent $52 million Series A round and marks its official entry into the GCC market, anchoring its position as a regional real estate tech powerhouse, according to a press release.
Through the acquisition of SmartCrowd, the company delivers a comprehensive, tech-powered platform to buy, manage, and profit from real estate across key MENA markets.
This is part of the company’s plans to accelerate its growth across real estate verticals, including digital property listings, mortgage financing, brokerage services, and fractional ownership.
Established in 2018, SmartCrowd is a Dubai Financial Services Authority (DFSA)-regulated platform that enables fractional property investment in the region.
The platform has enabled $110 million in property transactions to date, distributing more than $40 million in rental income and capital gains.
Riz Ahmed, CEO of SmartCrowd, commented: “With strong alignment in vision and culture, this partnership accelerates our transition from startup to scale-up – making us the go-to platform for real estate investment in the Middle East.”
Mostafa El-Beltagy, CEO of Nawy, said: “The perfect match for Nawy’s tech-first approach to real estate. Together, we’re unlocking a new era of seamless property investment across MENA: data-driven, accessible, and built for today’s digital investor.”
It is worth highlighting that Nawy’s growing ecosystem includes Nawy Now (home financing), Nawy Shares (fractional ownership platform), Nawy Unlocked (asset enhancement services), and Nawy Partners (B2B brokerage network).
The platform has more than 1 million monthly users and $3 billion in gross merchandise value to date, fostering its position as a transformative force in the region’s proptech landscape.
The UAE’s real estate investment sector is expected to reach $33 billion by 2030, driven by tokenization, fractional ownership, and increased cross-border participation.
