Dubai – Dubai-based property investment platform SmartCrowd has sold a majority stake to Egypt’s proptech firm Nawy, marking a key consolidation in the region’s fast-evolving digital real estate sector.
SmartCrowd, founded in 2018, pioneered fractional property ownership in the UAE, enabling investors to buy shared stakes in rental properties. To date, the platform has managed over $110 million in transactions and returned $40 million in rental income and capital gains. Its “Flip” model, which buys, renovates, and resells undervalued properties, has delivered an average 30% return on investment within 15 months.
Nawy’s acquisition comes on the heels of its $52 million Series A round, part of a broader $75 million expansion fund backed by UAE’s e& Capital. The deal supports Nawy’s ambition to become a proptech leader across the Middle East and Africa, building on its existing verticals including listings, mortgage financing, and property management.
“This is a transformative transaction for SmartCrowd,” said Riz Ahmed, CEO of SmartCrowd. “Partnering with Nawy accelerates our journey from a startup to the region’s leading real estate investment platform.”
The deal also highlights growing investor interest in tokenized and digital property models across the GCC, especially among younger and tech-savvy audiences.
