Dubai-based proptech startup Prop-AI has closed a $1.5 million pre-seed funding round led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, and Plug & Play, with participation from angel investors in Saudi Arabia and Bahrain. The funding will support regional expansion, technology development, and strategic partnerships across MENA and Europe.
Founded in 2023 by CEO Ranime El-Skaff and Christian Kunz, Prop-AI operates an AI-powered platform that automates property searches, evaluations, and presentations. The startup has integrated over 2 billion real estate data points and analyzes more than 188,000 weekly active property listings while removing 59,000 non-compliant listings. The platform uses verified data from Dubai Land Department to help buyers, investors, and real estate professionals make data-driven decisions in complex markets.
The funding announcement coincides with Prop-AI’s launch of a revamped user interface and new features, including an interactive investor map that consolidates key market data for property investors and owners. The platform aims to simplify navigation of the real estate landscape through intuitive, data-backed insights.
Prop-AI plans to use the new capital to expand regional data integration, enhance its AI capabilities, and establish partnerships with real estate developers, brokerages, and financial institutions across the Middle East and North Africa region.
“Real estate is the world’s largest asset class yet remains one of the least digitised and data-driven,” said Ranime El-Skaff, CEO of Prop-AI. “At Prop-AI, we are truly transforming how real estate investment decisions are made, not just for the region, but globally. 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.”
The startup is preparing to launch its Prop-AI Business platform and APIs designed for real estate professionals, along with what the company describes as “the region’s most advanced Agentic AI for Real Estate” in the coming months. The platform currently focuses on Dubai’s property market.
Christian Kunz, Co-Founder of Prop-AI, emphasized the company’s infrastructure ambitions: “This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate. 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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