Byit has expanded into the United Arab Emirates as the company pushes deeper into the Gulf real estate market and launches a new set of artificial intelligence-powered property solutions.
Founded in 2022 by Antoine Azer, the Egyptian startup uses artificial intelligence to simplify the real estate broking process. The platform helps brokers match buyers with suitable properties using data analysis, personalised recommendations, and digital property tools.
Byit operates what it describes as an agent-first brokerage model, allowing freelance brokers to earn up to 90 per cent of developers’ commissions. The company says it has built a network of more than 40,000 freelance brokers, partnered with over 450 property developers, and mapped more than 1,000 real estate projects.
As part of its regional expansion, Byit has launched a new division called Byit Ventures in the UAE. The unit is designed to connect property developments in Egypt with investors from Gulf Cooperation Council countries.
The expansion follows a $1.1 million funding round secured by the startup late last year. Byit believes the move into the UAE will create new income opportunities for brokers while also helping attract more foreign investment into Egypt’s real estate sector.
The company also announced a new suite of AI-powered products aimed at improving cross-border property transactions and helping brokers manage international clients more efficiently.
Azer said the UAE expansion marks an important step in the company’s regional growth plans.
He said Byit is focused on building tools that allow brokers to work more efficiently across borders while improving transparency and access to international property demand.
The startup has also identified Saudi Arabia as its next target market as it continues expanding across the Gulf region.
The move reflects growing interest among African technology startups in the Gulf market, particularly in sectors such as fintech, property technology, and digital commerce, where demand for AI-driven services continues to rise.
