The real estate industry in North Africa is ripe for disruption. The region is home to a rapidly growing population, rising incomes, and a young and tech-savvy workforce. This has created a demand for more efficient and transparent ways to manage property and invest in real estate.
A number of prop-tech startups are emerging in North Africa to meet this demand. These startups are using technology to digitize the real estate process, from property search and valuation to rental management and financing. They are also developing new ways to invest in real estate, such as fractional ownership.
Here are 12 North African prop-tech startups that are transforming property management and investment:
Partment
Year Founded: 2022
Location: Cairo, Egypt
Partment is an innovative prop-tech company transforming property acquisitions and management services in North African real estate markets. The company is revolutionizing homeownership by providing innovative options for prospective apartment owners.
Partment operates a smart booking system that enables users to co-own second homes. The company also offers a full-service property management option that maximizes asset utilization for owners and tenants. This end-to-end approach relieves users of the hassles of property maintenance, housekeeping, and security.
Partment’s disruptive approach redefines the concept of shared ownership. Partment’s unique offerings, encompassing affordability, community-building, and environmental responsibility, make it one of the main drivers of innovative change in North African the real estate industry.
CONIX.AI
Year Founded: 2020
Location: Cairo, Egypt
CONIX AI is a revolutionary technology company redefining real estate property development processes through innovative solutions. The company leverages artificial intelligence to develop adaptive services for players in the architecture, engineering, and construction (AEC) industries.
CONIX’s AI-powered platform generates designs and adaptive materials for real estate developers and architects. It allows users to evaluate the viability of building sites and assess multiple scenarios in minutes. Through it, building engineers can generate design options for a given site and optimize spaces while minimizing environmental impact.
The impact of Conix AI’s architectural designing software reverberates across the real estate and construction sectors. By digitizing and enhancing the design process, CONIX accelerates project timelines, reduces costly errors, and bolsters collaboration among interdisciplinary teams. Thus it improves efficiency in the sector and paves the way for large-scale development.
Seqoon
Year Founded: 2021
Location: Cairo, Egypt
Seqoon is a leading innovator redefining home ownership in North Africa. The company offers a distinctive and accessible path for individuals to own part or whole of luxury properties.
Seqoon offers a meticulously designed co-ownership model which allows customers to share ownership of a vacation house. Each Seqoon vacation home is thoughtfully divided into four shares, with individual owners having the opportunity to purchase up to two shares, affording them a meaningful stake in the property.
Through its pioneering approach, Seqoon empowers customers to invest in a tangible share of a property-specific Limited Liability Company (LLC), fostering a sense of ownership and belonging. It also makes co-ownership accessible to everyone, allowing individuals of all classes to enjoy the benefits of vacation home ownership without any hassle.
Agenz
Year Founded:2020
Location: Casablanca, Morocco
Agenz is a transformative real-estate technology solutions provider helping individuals make faster and more informed property investment decisions. The company delivers credible real estate market data and accurate real-time insights to customers.
Agenz operates a cutting-edge digital infrastructure where potential property buyers can access real-time market information on available properties. The platform bridges the knowledge gap for users, equipping them with knowledge of the intricate details of the market.
Agenz’s solution promotes transparency and credibility in the Moroccan real estate market. Therefore, the company fosters a more efficient and fair real estate market in the country. Overall, the startup revolutionizes the traditional approach to real estate transactions, injecting more reliability into a sector often characterized by opacity.
Bayt Misr
Year Founded: 2021
Location: Cairo, Egypt
Bayt Misr is a pioneering prop-tech company leading a digital revolution in real estate transactions across MENA. The company develops solutions aimed at democratizing accessibility to real-estate assets for consumers. It helps individuals with mortgage finances, market information, and direct connection to real-estate sellers.
Bayr Misr operates a unique digital mortgage platform, which serves as a dynamic nexus connecting buyers, sellers, and financiers. This platform effectively bridges the gap between various stakeholders, offering a seamless ecosystem where buyers can explore real estate options, sellers can market their properties, and financiers can facilitate mortgage agreements.
By digitizing and automating the mortgage financing process, Bayt Misr expedites transactions, minimizes paperwork, and enhances the overall user experience. Through its holistic approach, Bayt Misr aims to empower individuals with a one-stop solution that simplifies and automates mortgage financing, thereby reshaping the landscape of property transactions.
Nawy
Year Founded: 2019
Location: New Cairo, Egypt
Nawy is an innovative prop-tech startup improving consumer access to mortgage services in Egypt. The company develops innovative solutions with the aim of enabling regular people to find, afford, and own homes in Egypt.
Nawy takes a holistic approach to streamlining every step of a buyer’s journey in the real estate industry, offering multiple services, including brokerage, property financing, and innovative payment solutions. Nawy converges all its services in a digital infrastructure operating with machine learning algorithms.
The company’s standout offering is its “Move Now, Pay Later” service, an innovative concept that grants families immediate access to their dream homes while spreading payment obligations over extended periods, up to a decade.
Nawy’s multifaceted services consolidated in a single infrastructure offer customers a comprehensive solution that caters to their diverse needs. This multifunctional approach streamlines the real estate process while also addressing financial barriers, enabling families to fulfill their homeownership dreams through flexible and forward-thinking payment plans.
JustPack App
Year Founded: 2019
Location: Cairo, Egypt
JustPack is a unique prop-tech company offering innovative real-estate property lending and leasing options for vacationers and homeowners. The company offers a bespoke Airbnb-style service that brings a touch of luxury and sophistication to vacation hospitality.
JustPack operates a digital infrastructure where luxury homeowners can put up their houses for short leases to vacationers, and tenants can rent the apartments for as long as they intend to stay. The platform essentially serves as a marketplace connecting vacationers to short-let apartments.
In addition, JustPack offers reliable and affordable property management services to homeowners, enabling them to entrust their properties to a professional team and tap into the burgeoning market of upscale vacation rentals.
With an unwavering commitment to delivering comfort, elegance, and top-notch service, JustPack redefines the vacation experience for travelers. The company’s property management services offer homeowners a convenient avenue to leverage their properties for income while maintaining their value. In doing so, JustPack fosters economic opportunities for property owners.
RED | Real Estate Domain
Year Founded: 2021
Location: Cairo, Egypt
Real Estate Domain (RED) is an innovative company pioneering digital transformation in the North African real estate industry. The startup offers innovative, data-backed solutions to assist buyers, developers, and sellers in navigating the complex landscape of real estate transactions.
RED operates a comprehensive end-to-end real estate property marketplace that uses advanced data analytics to match potential buyers with properties that align with their preferences and financial capabilities. The platform also enables sellers to leverage data-driven insights to optimize property listings and enhance their visibility in the market.
RED bridges the gap between traditional practices and technological innovations in the real estate industry. Thus, it facilitates a streamlined and efficient real estate experience for all parties. Its emphasis on data-backed insights not only empowers buyers and sellers with informed choices but also provides developers with the tools to create properties that align with market demand.
BIRD NEST
Year Founded: 2020
Location: Cairo, Egypt
Bird Nest is a leading real estate company introducing transformational advancement in the housing industry through innovative home leasing solutions. The startup leverages technology to provide innovative house-renting options tailored to the preferences of prospective house tenants.
Bird Nest operates a network of housing outlets (Bird Nests) which it lets tenants rent and occupy on their terms. The company facilitates its services through an innovative digital platform where clients can complete all requests digitally, including checking in, rent payment, and even digitally unlocking the door to their apartments.
Bird Nest is focused on transforming the traditional rigid and isolated housing model into a flexible, convenient, community-driven experience for new-generation homeowners. Its solutions match clients with the perfect space for them to spend a night, a week or even a year; on their own terms.
Connect Homes
Year Founded: 2012
Location: Cairo, Egypt
Connect Homes is a real estate company providing innovative housing solutions for customers in Egypt. It connects home buyers with exquisite properties that fit their preferences and budgets in their desired location.
Connect Homes operates a digital real-estate marketplace where it displays numerous high-end apartment suites for interested buyers. And thanks to the company’s reliability guarantee, all the assets on their books look exactly as displayed on the website. As such, buyers can get a good idea of the property and decide if they want to purchase it without conducting a physical inspection.
With years of experience in real estate management and consultancy, Connect Homes has a reputable track record in the industry. The company has served numerous clients and homeowners excellently. It has also made notable contributions to the growth of the Egyptian real-estate sector, making it easier for builders to sell and customers to buy homes.
EgyProperty
Year Founded: 2020
Location: Cairo, Egypt
EgyProperty is a pioneering company enabling increased connectivity and seamless property transaction in Egyptian real estate markets. The company mediates a thriving community where property owners can connect with prospective buyers and conduct deals transparently.
EgyProperty hosts its community on a digital infrastructure that doubles as a real-estate assets marketplace. There, it empowers users to effortlessly navigate the complexities of buying, selling, or renting properties.
It allows prospective buyers to explore a comprehensive listing of properties, complete with detailed information, high-quality images, and virtual tours. Sellers, on the other hand, benefit from an efficient listing process that maximizes property visibility and market exposure.
Egyproperty is providing a safe community where people can easily buy, sell or rent properties. By fostering a secure and collaborative environment, EgyProperty bridges the gap between buyers, sellers, and renters, facilitating smoother interactions and reducing the stress associated with real estate dealings.
Aqerpedia
Year Founded: 2019
Location: Cairo, Egypt
Aqarpedia, self-acclaimed real estate Wikipedia is redefining how people invest in properties in Egypt. The company focuses on guiding buyers in making accurate investment decisions on assets by providing consultancy and marketing services for them.
Aqerpedia’s primary offerings revolve around its tech-enabled consultancy services. The company operates a hub providing clients with accurate, up-to-date information on the situation in the Egyptian real estate market. Essentially, the company offers personalized guidance helping clients identify opportunities, assess risks, and optimize their investments.
Aqarpedia is dedicated to equipping people with the knowledge and resources they need to make informed and accurate decisions when it comes to investing in properties. In addition, its dedication to accuracy and transparency fosters a more credible and efficient real estate market, ultimately contributing to the growth and development of the industry.
