Proptech firm PropertyPistol to invest AED 10 million to expand UAE, Dubai operations

PropertyPistol to invest AED 10 million to expand UAE, Dubai operations

• PropertyPistol to invest AED 10 million to expand Dubai operations
• Funds will boost advisory, tech, compliance, and offices in key UAE cities
• Indian buyers account for 22% of Dubai's global residential property sales.

Did our AI summary help?

PropertyPistol, a real estate proptech platform, will invest approximately AED 10 million in the UAE as part of the expansion of its Dubai operations, the Mumbai-based company said.

The investment will be directed towards strengthening on-ground advisory capacity, technology infrastructure, compliance, and partnerships across key UAE markets.

The company said that the proposed investment would be utilised to set up and expand offices across Dubai, Abu Dhabi, Sharjah, and Ras Al Khaimah, scale local advisory and compliance teams, and increase work force to support growing transaction volumes and post-sales requirements.

A portion of the capital will also be allocated towards technology-led enhancements, including digital investor on boarding, transaction management systems, virtual site visit tools, and data-led investment analytics tailored for cross-border buyers, the company said in a statement.

The expansion plan comes after PropertyPistol facilitated the sale of nearly AED 1.23 billion (Rs 3,000 crore) worth of residential real estate transactions in the UAE over the last three years.

Indian buyers currently account for around 22 percent of global residential property purchases in Dubai, supported by factors such as portfolio diversification, yield visibility, and regulatory transparency. PropertyPistol’s Dubai desk operates as a dedicated cross-border advisory platform supporting Indian participation in the UAE property market.

Founded in 2012, PropertyPistol operates across more than 30 cities in India. Institutional and strategic investors such as ICICI Bank, Barings Private Equity, angle investor Ashish Kacholia, and Amit Jain, founder of CarDekho, back the company.

Ashish Narain Agarwal, founder and managing director, PropertyPistol, said Indian investors are increasingly approaching international real estate as a structured asset allocation, with the UAE emerging as a key destination due to regulatory clarity and market depth.

Company’s Dubai-focused activity over the last three years includes the sale of 700–800 residential units in partnership with 58 developers across the UAE.