Egypt’s Nawy Acquires Dubai’s SmartCrowd To Expand Real Estate Tech Empire

Egypt’s Nawy Acquires Dubai’s SmartCrowd To Expand Real Estate Tech Empire

Cairo-based real estate startup Nawy has acquired a majority stake in SmartCrowd, a Dubai-based platform that lets users invest fractionally in income-generating properties, as it sets its sights on the Gulf’s booming property market. The deal, whose financial terms remain undisclosed, gives Nawy a strategic foothold in the UAE and signals its broader ambition to become a regional “super-app” for real estate. It’s Nawy’s second acquisition this …

Nawy acquires SmartCrowd to expand into Middle East

Egyptian-based Nawy, Africa’s largest proptech company, has acquired a majority stake in SmartCrowd, a fractional real estate platform that enables users to invest in high-yielding Dubai properties, for an undisclosed fee. It stands out as one of the earliest major cross-border acquisitions between African and Gulf proptech firms, signalling a growing trend of African startups expanding into the Middle East and North Africa( MENA) region’s boomi…