Property Finder, the Middle East's leading online property marketplace, has raised $170 million in new capital from Mubadala Investment Company, another UAE sovereign wealth fund, and BECO Capital.
The round follows $525 million invested earlier in 2025 by funds advised by Permira, with significant participation from Blackstone Growth. In total, the company has now raised nearly $700 million in equity, alongside $250 million in debt financing from Ares Management and HSBC.
Under the latest transaction, Mubadala and the second sovereign wealth fund will each invest $75 million, while BECO Capital will commit $20 million from its newly launched $250 million Growth Fund I.
The BECO investment marks the firm's return to Property Finder's cap table. BECO was the company's first institutional backer, leading a $1.5 million seed round in 2012 at a $17 million valuation. The firm exited in 2024, selling its stake back to Property Finder at a $1 billion valuation and returning over $80 million to LPs.
The $20 million commitment is the Growth Fund's first deployment. BECO recently closed $370 million across two vehicles: $120 million for Fund IV, its fourth early-stage fund, and the $250 million Growth Fund targeting Series B to pre-IPO companies with average checks of $20 million. The firm now manages over $820 million in assets. The Growth Fund is led by General Partner Amer Alaily.
General Atlantic, which initially invested in 2018, remains a significant shareholder.
The funding comes as Property Finder reports strong financial momentum and accelerating adoption of its AI-driven products, including Credit Optimizer, Home Valuation, and SuperAgent. Strategic partnerships with Stake and Keyper have further expanded the company's reach across the full real estate transaction lifecycle, from discovery to ownership.
Founded and led by Michael Lahyani, Property Finder has strengthened its market leadership across the UAE and wider MENA region, benefiting from record property demand, increasing digitisation, and supportive regulatory frameworks.
"We are honoured to welcome Mubadala and our new sovereign wealth fund partners at such an important moment in our journey," said Lahyani. "Their support is a strong endorsement of our platform, data depth, and resilient business model. We're equally pleased to deepen our partnership with BECO, one of our earliest backers."
Chief Financial Officer Jamie O'Mahony added that the investment accelerates Property Finder's ambition to build "the region's leading real estate operating system, powered by data, trust, and innovation."
From the investor side, Dr. Bakheet Al Katheeri, CEO of UAE Investments Platform at Mubadala, said the investment reflects Mubadala's focus on backing national champions and scalable technology platforms contributing to long-term economic diversification.
J.P. Morgan acted as sole placement agent on the transaction, with Moelis & Company serving as independent financial advisor. Freshfields LLP and Cooley LLP provided legal counsel.
