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10/07/2025 06:27 AST
The Dubai property fintech, SmartCrowd, has sold a majority stake to Egypt's Nawy at a time when new digital ways of property investment are turning popular in the GCC.
SmartCrowd allows individual investors to take fractional ownership in properties through their platform. (Dubai real estate sector has also taken to tokenized investments, with multiple developers having put up units through the Dubai Land Department backed channels. Tokenization too allows smaller investors to come in, take up a certain level of stakes in a property, and benefit from the market's performance.)
"This is a transformative transaction for SmartCrowd, joining forces with Nawy to build the region's premier proptech ecosystem," added Riz Ahmed, CEO of SmartCrowd. "This partnership accelerates our transition from startup to scale-up - making us the go-to platform for real estate investment in the Middle East."
First-movers in Dubai's fractional ownership space
Founded in 2018, SmartCrowd was among the first to offer fractional ownership in Dubai property. Until now, it has overseen $110 million in property transactions and distributed $40 million in rental income and capital gains.
SmartCrowd has 'successfully' exited more than 50 properties as of June. One of its offerings, Flip, acquires and renovates undervalued assets to resell within 15 months, with yields of an average 30% RoI.
Gulfnews
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T
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