Dubizzle and Property Finder Gear Up for IPOs Amid Market Boom

The UAE’s booming property and tech sectors are setting the stage for two of the region’s leading digital real estate platforms—Dubizzle Group and Property Finder—to potentially go public. Both companies are making strategic moves to strengthen their market positions as they eye IPOs in the near future.

Dubizzle Group Accelerates Toward 2025 IPO

Dubizzle Group, a major player in online classifieds and real estate listings, is actively preparing for a public listing expected in 2025. The company has engaged heavyweight financial advisors, including Goldman Sachs, HSBC, Morgan Stanley, and Emirates NBD, for a deal estimated to raise between $500 million and $1 billion.

In a major strategic push, Dubizzle recently acquired Property Monitor, a leading UAE-based real estate data platform. This acquisition is designed to bolster Dubizzle’s services for real estate agencies and developers, enhancing its data-driven offerings ahead of the IPO.

These moves align with Dubizzle's broader vision of expanding its footprint across digital marketplaces and strengthening its brand as it gears up to enter the public markets.

Property Finder Considers IPO as Growth Continues

Meanwhile, Property Finder, another key player in the region's property tech sector, is also signaling IPO intentions. CEO Michael Lahyani stated that although an IPO is not immediately planned, it remains a "likely" step in the company's future to unlock new capital and liquidity opportunities.

Earlier this year, Property Finder secured $90 million in debt financing from Francisco Partners to buy back shares from its original investor, BECO Capital. This transaction valued the company at approximately $1 billion, effectively doubling its valuation since its last major funding round in 2018, led by General Atlantic.

Operating in the UAE and across the wider MENA region, Property Finder attracts over 5.5 million monthly users and continues to dominate digital property search services with a growing suite of real estate solutions.

Tech-Driven Real Estate Boom in the UAE

The developments surrounding Dubizzle and Property Finder come at a time when the UAE’s property market is experiencing unprecedented growth, driven by strong demand, government initiatives, and foreign investment. Digital platforms that facilitate property transactions, data analysis, and real estate services are becoming increasingly vital in this evolving landscape.

As the market matures, investor appetite for tech-driven real estate companies is growing. The upcoming IPOs of Dubizzle and potentially Property Finder could offer global investors a rare opportunity to gain exposure to the region’s thriving real estate digital economy.

Both companies are well-positioned to capitalize on the momentum, leveraging their strong brand presence, robust technology platforms, and increasing regional demand for smarter, data-driven real estate solutions.