UAE - Mubasher: Permira and Blackstone have acquired a minority stake in real estate classified platform Property Finder in exchange for $525 million, according to a press release.

Subject to regulatory approvals, the transaction marks Permira’s first investment in the Middle East and affirms continued global investor appetite for Dubai’s real estate sector.

Meanwhile, General Atlantic, an early investor since 2018, has partially exited but will remain a significant minority shareholder.

Permira and Blackstone’s deal offers access to the global expertise and resources of three of the world’s most influential private equity firms.

Founded nearly two decades ago, Property Finder is one of the region’s largest real estate classifieds platforms, competing with rivals, such as Dubizzle and Bayut.

 The platform scaled its footprint across MENA and is targeting expansion in Saudi Arabia and Turkey.

This transaction follows Property Finder’s recent $90 million debt financing from Francisco Partners in 2024, which supported the company’s buyout of its first institutional investor.