Permira and Blackstone have invested $525 million in a minority stake in Dubai-based Property Finder, a leading real estate platform in the Middle East.

Target Information

Property Finder, based in Dubai, is a prominent real estate platform that has established itself as a key player in the Middle East's property market. Founded nearly 20 years ago, the company specializes in real estate listings, competing directly with other major platforms such as Dubizzle and Bayut. Recently, Property Finder has expanded its presence beyond Dubai, entering the markets of Qatar, Bahrain, and Egypt, with continued growth efforts concentrated on Saudi Arabia and Turkey. The company's innovative approach has allowed it to thrive in a competitive landscape, positioning it as one of the leading real estate classifieds websites in the region.

Industry Overview

The real estate industry in the United Arab Emirates, particularly in Dubai, has experienced significant transformation over the past two decades. Dubai’s strategic location, along with its status as a global business hub, has attracted considerable foreign investment. The recent recovery in the housing market, spurred by pent-up demand and high-end property sales, has rekindled investor interest in the region’s real estate sector. Despite concerns of market overheating, the growth trajectory appears robust, fueled by economic diversification and increased infrastructure development.

Moreover, the introduction of various government initiatives aimed at enhancing foreign ownership and easing property regulations has further stimulated the market. Investors are increasingly drawn to the potential returns in Dubai’s real estate sector, a