Property Finder has secured a $525 million investment led by Permira and Blackstone to bolster its position as a market leader in the MENA real estate sector.

Information on the Target

Property Finder, the largest and most preferred property portal in the Middle East and North Africa (MENA), has announced a significant investment totaling $525 million. This investment is primarily led by funds advised by Permira, alongside considerable contributions from Blackstone Growth. This financial infusion not only reinforces Property Finder's position as a market leader but also emphasizes its role as a technology innovator in the rapidly growing property classifieds sector of MENA.

As part of this transaction, General Atlantic, which has been a key shareholder since 2018, will sell a portion of its holdings while maintaining a substantial minority stake. The collaboration of Permira, Blackstone, and General Atlantic showcases the confidence of these esteemed global investment firms in Property Finder's potential to thrive in the expanding property classifieds marketplace in the UAE and throughout MENA.

Industry Overview in the UAE

The UAE property market is the largest market for Property Finder, valued at approximately $160 billion in 2024. This market is anticipated to grow by around 13% over the next five years, driven by factors such as a growing population, increased f