UAE-based Prop-AI, a property technology (prop-tech) startup, has raised $1.5 million in a pre-seed funding round. The round was led by Plus VC and joined by Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and angel investors from Saudi Arabia and Bahrain.
Founded in 2023 by Ranime El Skaff and Christian Kunz, Prop-AI uses AI and machine learning to help buyers, investors, and real estate professionals automate property search, evaluation, and decision-making.
The company will use the new funds to improve its AI systems, expand regional data connections, launch new tools for businesses, and grow across the MENA region and Europe.
“Our mission is to build the ‘Bloomberg of Real Estate’,” said Ranime El-Skaff, CEO of Prop-AI. “Real estate is the world’s largest asset class yet remains one of the least digitised and data-driven. At Prop-AI, we are truly transforming how real estate investment decisions are made, not just for the region, but globally.”
“We are grateful for the trust placed in us by an exceptional group of regional and international investors. Their belief in our vision and their strategic support is not only a validation of the work we have done so far but also a powerful motivation as we push the boundaries of what’s possible in real estate through AI. This funding milestone enables us to accelerate our vision of empowering individuals, institutions, and even autonomous AI systems to invest in real estate with confidence, backed by the most comprehensive data and insights available.”
In the first quarter of 2025, Prop-AI more than tripled its revenue. It was also recently honoured with the AI Seal of Excellence from the Dubai Centre for Artificial Intelligence—making it the first PropTech company to receive this award. This recognition highlights Prop-AI’s role in supporting the UAE’s goal to become a global leader in AI innovation.
With the new funding, Prop-AI plans to expand its data coverage across the region, enhance its technology and AI features, and build strong partnerships with real estate developers, brokers, and financial institutions in the MENA region and beyond.
The company also just launched an updated user interface (UI/UX) and new tools, including an interactive investor map. This feature helps investors and property owners easily understand real estate opportunities using clear, data-driven insights.
Hasan Haider, Managing Partner at +VC, said, “Prop-AI is at the forefront of PropTech, blending cutting-edge AI with strong market insight. The team’s vision, product execution, and market timing are impressive. As real estate becomes increasingly digital and data-driven, Prop-AI is well-positioned to lead the next wave of intelligent PropTech solutions across the Middle East and beyond. We’re proud to support Ranime, Christian and the team as they scale their platform and bring greater transparency to the real estate industry.”
Julien Plouzeau, Senior Partner at Oraseya Capital, said, “We believe Prop-AI is solving a huge pain point in real estate by giving people the tools to understand the market as investors, not just buyers. We’re excited to support their mission of bringing greater intelligence and accessibility to the sector. Their technology has the potential to reshape how decisions are made across the entire real estate value chain.”
“This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate,” said Christian Kunz, Co-founder of Prop-AI. “We’re focused on the launch of our highly anticipated Prop-AI Business platform and APIs for real estate professionals and introducing the region’s most advanced Agentic AI for Real Estate within the coming months. These innovations will make intelligent, data-driven decision-making accessible to investors, real estate professionals, and eventually autonomous AI systems, setting a new standard for real estate investing in the region and globally.”
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