Dubai-based Huspy creates UAE’s largest home financing platform – Construction Week Online

Dubai-based Huspy creates UAE’s largest home financing platform – Construction Week Online

Huspy, the UAE headquartered proptech startup, has announced the acquisition of Home Matters, to create the country’s largest home financing platform.

Prior to its acquisition, Home Matters was the second largest home mortgage broker in the UAE, having launched operations over 15 years ago. The combined entity will manage over $ 1bn in gross merchandise value annually and employ over 150 people, giving buyers a new way to finance their home. 

The home mortgage market in Dubai has grown by 68% between Q1 and Q3 2021, as a result of efforts across the value chain to simplify financing and accelerate market growth.