Dubai-based proptech company Prop-AI has successfully raised $1.5 million in a pre-seed funding round. The investment was led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, along with contributions from angel investors from Saudi Arabia and Bahrain.

The proceeds from this funding will be directed towards expanding Prop-AI’s regional data integration, enhancing its technology and artificial intelligence capabilities, and establishing strategic partnerships with real estate developers, brokerages, and financial institutions throughout the MENA region and Europe, as stated in a press release.

Additionally, the funding announcement coincides with Prop-AI’s rollout of a revamped user interface and user experience, which includes a new interactive investor map. This feature consolidates crucial data for investors and property owners, facilitating easier navigation of the complex real estate landscape.

Founded in 2023, Prop-AI utilizes AI and machine learning tools to automate and enhance property searches, evaluations, and presentations. This technology empowers buyers, investors, and professionals to make informed decisions in rapidly changing markets.

Ranime El-Skaff, CEO of Prop-AI, remarked that real estate is the world’s largest asset class and yet one of the least digitized. He emphasized that Prop-AI is committed to transforming how investment decisions are made, not only in the region but on a global scale.

El-Skaff further added that this funding milestone will help accelerate their goal of enabling individuals, institutions, and even autonomous AI systems to invest in real estate confidently, using the most comprehensive data and insights available.

Christian Kunz, Co-Founder of Prop-AI, noted that this funding marks a significant step in their journey to establish a trusted AI infrastructure for the real estate sector. He mentioned that they are preparing to launch the highly anticipated Prop-AI Business platform and APIs for real estate professionals, along with the region’s most advanced Agentic AI for Real Estate in the upcoming months.

Kunz highlighted that these innovations aim to make intelligent, data-driven decision-making accessible to investors and real estate professionals, potentially even to autonomous AI systems, thereby setting a new standard for real estate investing both regionally and globally.