DUBAI, UAE – In the traditionally fragmented and paperwork-heavy world of real estate, Huspy has emerged as a digital wrecking ball. Since its launch in 2020, this Dubai-born startup has achieved what most fintechs only dream of: capturing a massive 30% share of the UAE mortgage market.
By March 2026, Huspy has transitioned from a local disruptor to a global contender. With over $7 billion in annual transactions and a fresh $59 million Series B round led by Europe’s Balderton Capital, Huspy is now aggressively exporting its “Dubai Model” to the European stage.
The Foundation: Fixing a “Broken” Journey
Huspy was founded in 2020 by Jad Antoun (CEO) and Khalid Ashmawy.
- The Problem: Before Huspy, securing a mortgage in the UAE was a manual marathon that could take up to two months, plagued by inconsistent rates and endless physical documentation.
- The Solution: They built a digital-first marketplace that aggregates offers from over 25 leading banks. Huspy’s technology allows users to get a mortgage “fast pass,” often securing pre-approval in as little as 15 minutes and closing the entire deal in two weeks instead of two months.
- The “Uber” Model: Unlike traditional brokers, Huspy operates as a network-based platform. It provides an “Agent Super App” that acts as an operational cockpit for real estate brokers, allowing them to manage their entire pipeline and earn market-leading commissions.
Dominating the UAE: The 30% Milestone
Huspy’s rise in the Emirates has been nothing short of meteoric.
- Market Share: Within just three years of launch, the company claimed 30% of the entire UAE mortgage market, including a dominant 25% of all residential home financing in Dubai.
- Strategic Acquisitions: A key driver of this growth was the 2022 acquisition of Home Matters, which at the time was the UAE’s second-largest mortgage consultancy. This move combined Huspy’s high-tech engine with decades of traditional banking relationships.
- Transaction Volume: Facilitating over $7 billion in real estate transactions annually, Huspy has become the largest mortgage provider in the country, outperforming many established legacy institutions.
The 2026 Expansion: Bridging MENA and Europe
With its $59 million Series B (bringing total funding to over $100 million), Huspy is focused on two major frontiers in 2026:
- The Spanish Conquest: After landing in Spain in 2022, Huspy saw a staggering 20x year-on-year growth in 2024. It is currently operational in major cities like Madrid, Valencia, and Malaga, with plans to enter 10+ European cities by the end of the year.
- The Saudi Entry: In late 2025/early 2026, Huspy officially launched in Riyadh, aiming to digitize the mortgage process in the GCC’s largest economy as part of the Kingdom’s Vision 2030 housing goals.
- AI Integration: Huspy recently launched the GCC’s first AI-powered mortgage chatbot, allowing prospective buyers worldwide to receive tailored eligibility assessments and real-time rate comparisons instantly.
Why Huspy Matters to Dubai Buzz
For the entrepreneurs and real estate professionals in our community, Huspy is the “Efficiency Blueprint.” They proved that proptech isn’t just about listing homes on a website; it’s about owning the financial infrastructure of the transaction. In 2026, Huspy is the living proof that a “Category-Defining” business built in Dubai can successfully disrupt even the most established European markets.
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