UAE-based property technology company Byit Capital has closed US $1.1 million in strategic investment, securing backing from A15, Beltone Holding and a group of angel investors as it prepares to expand its real estate brokerage platform across the Gulf Cooperation Council (GCC), multiple sector outlets reported.
Byit Capital, which was founded in 2022 and initially launched in Egypt before relocating its headquarters to the UAE, operates an agent-first brokerage model designed to modernise a traditionally fragmented property sales market. The platform allows independent brokers to retain up to 90 per cent of developers’ commissions, provides access to verified developer property listings, and connects brokers with a network of more than 40,000 freelance agents, over 450 partners and 1,000 mapped projects across the region.
The fresh capital will be used to strengthen Byit’s operations in the UAE, accelerate entry into the Saudi Arabian market, and expand its developer ecosystem across the Middle East, reports said. The financing is viewed as institutional validation of Byit’s data-driven brokerage model at a time when digital platforms are reshaping real estate transactions in the Gulf.
In comments accompanying the funding, Antoine Azer, founder and CEO of Byit Capital, said the investment “confirms that the market is ready for a fundamentally different kind of brokerage model” that prioritises transparency and greater value for both agents and property developers.
Industry observers noted that the raise positions Byit for rapid growth in some of the region’s busiest real estate markets, where demand for tech-enabled property transaction platforms continues to rise amid broader digital transformation trends in the sector.
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