Backed by Plus VC, Oraseya Capital, and Plug & Play, Dubai-based startup eyes regional expansion and launch of Prop-AI Business platform
Prop-AI, a Dubai-based PropTech startup applying artificial intelligence to transform real estate investing, has raised $1.5 million in pre-seed funding. The round was led by Plus VC, with participation from Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and several strategic angels and family offices from Saudi Arabia and Bahrain.
Founded in 2023, Prop-AI describes its mission as building “the Bloomberg of Real Estate” — a data-rich, AI-powered platform designed to help individuals, professionals, and eventually autonomous agents make smarter investment decisions in a historically opaque and fragmented market.
Transforming Real Estate into a Data-Driven Asset Class
“Real estate is the world’s largest asset class, yet among the least digitised,” said CEO and Co-founder Ranime El-Skaff. “At Prop-AI, we are enabling a shift where decisions are no longer driven by instinct alone, but by structured intelligence, predictive analytics, and transparent data.”
Prop-AI’s platform currently automates property discovery, evaluation, and investment planning, using AI and machine learning to deliver tailored insights for users ranging from first-time homebuyers to institutional investors. The company has already tripled its revenue in Q1 2025 and was recently awarded the AI Seal of Excellence by the Dubai Centre for Artificial Intelligence — the first PropTech firm to receive the distinction.
Capital to Power Product Launches and Regional Scale-Up
The newly secured funds will be used to accelerate regional data integration, develop proprietary tools and APIs, and support the upcoming launch of Prop-AI Business — a dedicated platform for real estate developers, brokerages, and financial institutions. A new Agentic AI system for real estate professionals is also in the pipeline, aimed at enabling autonomous decision-making based on live market data.
Christian Kunz, Co-founder of Prop-AI, noted: “This marks a foundational step in building the region’s most trusted AI infrastructure for real estate. We are now preparing to roll out solutions that will redefine how real estate investment is conducted, not only in the UAE but globally.”
Investor Confidence in MENA’s PropTech Future
Hasan Haider, Managing Partner at Plus VC, underscored the team’s timing and execution. “Prop-AI is leading the next wave of intelligent real estate platforms. As real estate becomes increasingly digital and data-driven, we are confident in their potential to reshape the market landscape.”
Julien Plouzeau, Senior Partner at Oraseya Capital, added: “They are equipping people to approach the property market as informed investors, not just buyers. This shift in mindset and tooling is long overdue, and we are proud to back the founders on this journey.”
Positioning for Regional and Global Impact
As AI adoption deepens across sectors in the Middle East, Prop-AI’s vision aligns with broader regional ambitions to become a global hub for artificial intelligence and data innovation. The company’s emphasis on infrastructure-grade intelligence tools positions it at the intersection of PropTech, FinTech, and enterprise AI — with a model that could extend well beyond MENA markets.
The funding round reflects growing investor appetite for vertical AI platforms addressing local market inefficiencies, especially in traditionally under-digitised sectors such as real estate.
For more information, visit www.prop-ai.com.
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Last Updated on June 20, 2025 by Safiya K
