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Dubai-Based Smart Bricks Secures $5M To Automate Property Deals

Andreessen Horowitz backs the startup building AI software to speed underwriting and cross-border real-estate investing.

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dubai-based smart bricks secures $5 million to automate property deals

Smart Bricks has closed a $5 million pre-seed round led by Andreessen Horowitz’s a16z Speedrun fund, bringing Silicon Valley capital into a Dubai-based push to rebuild how property deals are sourced and executed.

The 18-month-old company is developing an AI-native software layer for real-estate investing. Instead of brokers, spreadsheets and weeks of back-and-forth diligence, it runs autonomous systems that scan markets, score assets and handle much of the paperwork. Smart Bricks says that its platform can shrink a process that often takes months down to mere minutes.

smart bricks proptech team

Real estate remains one of the few trillion-dollar asset classes without a modern data stack. Information is scattered across local registries, listings and private networks. Smaller investors still piece together decisions from partial data while large funds rely on proprietary tools.

“Global real estate is one of the largest asset classes in the world, yet most individual and cross-border investors are still operating with PDFs, WhatsApp threads, incomplete data, and opaque fees,” said founder and CEO Mohamed Mohamed. “Institutions have proprietary data, AI underwriting, and integrated execution. Everyone else is effectively flying blind. Smart Bricks closes that gap”.

The platform pulls from more than one million public and proprietary feeds and continuously models supply, pricing, liquidity, regulation and risk. It then surfaces what it ranks as the top 0.1% of opportunities and automates valuation, underwriting, due diligence, negotiation and financing workflows.

Smart Bricks is not positioning itself as a marketplace. It pitches itself as plumbing — infrastructure for capital deploying across cities including Dubai, London, New York and Miami.

“Capital and talent have already gone global; the tooling for real-estate investing has not,” Mohamed said. “Smart Bricks is building the intelligence layer that finally allows real estate to operate at the speed, transparency, and scale modern markets demand”.

Also Read: Saudi Digital Payments Reach 80% As Cash Use Shrinks

Backers alongside a16z include Techstars, 500 Global, Cornerstone VC, South Loop Ventures, Harvard Business School Alumni Angels and Cento Ventures, plus angels from OpenAI, Anthropic, DeepMind, Airbnb and Blackstone.

For Dubai, the deal adds another AI and proptech startup to a growing roster as the emirate tries to anchor global capital and digitize core sectors. Property is central to that story. If software can make cross-border deals faster and less opaque, the region stands to capture more of that flow.

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Egypt’s Mobile Wallets Are Booming, But Cash Still Has Power

Egypt’s telecom regulator says $57.6 billion moved through more than 57 million wallets in six months. And one operator handled 77% of the value.

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egypt's mobile wallets are booming but cash still has power

Egypt’s mobile wallets handled EGP 2.96 trillion ($57.6 billion) in transactions in the first half of 2026, according to the National Telecom Regulatory Authority – a 56% rise on the EGP 1.90 trillion ($36.9 billion) recorded a year earlier. Transactions grew faster still, up 62% to 2.22 billion, while registered wallets climbed 23% to 57.01 million.

On one reading, that is exactly what Egypt’s regulators have been pushing for: a payments system that runs through telecom-linked wallets rather than banknotes. But the same data shows how far cash still reaches into it. Cash withdrawals made up just 12% of the transactions taking money out of wallets, yet 75% of the value withdrawn or spent.

Money arrives mostly from bank accounts: transfers through InstaPay accounted for 78% of deposit transactions and 58% of the value deposited, while incoming remittances from abroad made up 3% of deposit transactions but 10% of their value. Once inside, it largely moves between wallets – wallet-to-wallet transfers accounted for 54% of all transactions and 67% of total value, with mobile and internet top-ups a distant second at 25% of volume. In effect, the wallet is serving as a transfer layer: the place money passes through between the bank account and the banknote.

That layer also runs predominantly through one operator. Vodafone Cash held 53% of registered wallets and 57% of active ones, but handled 69% of transactions and 77% of their value. Its nearest rival, e& money, held 23% of registered wallets but 14% of transaction value; Orange Cash 20% and 8%; WE Pay 4% of wallets. How many of the 57.01 million are active is not stated.

Also Read: Visa’s Return To Syria Starts With A Test And A Bank In Lebanon

Adoption is rather uneven in other respects. Men held 38 million wallets, or 67% of the total, against 19 million held by women. Users aged 26 to 45 accounted for half of all wallets, and Cairo alone had 10.6 million, or 19% of the national total, with Giza next at 6.5 million.

The NTRA says it is continuing to work with telecom operators on the regulatory framework for wallet services, part of a wider effort to expand electronic payments and financial inclusion. Its own figures show that effort succeeding on the way in. On the way out, three-quarters of the value still leaves as cash.

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