News

Dubai-Based Startup Huspy Helps Emiratis Buy Homes Online

Instead of having to wait months to secure a home mortgage, Huspy lets users search over 500 home loan options in seconds.

Published

4 years ago

April 27, 2021

Joanna Melki

Huspy

Buying a home is a stressful process. Not only is it becoming increasingly difficult to find reasonably priced properties that are also attractive to live in, but the mortgage process, which most buyers have to go through, is time-consuming and full of potential traps. While the first problem won’t most likely be solved any time soon, there’s one Dubai-based startup that’s actively trying to address the second issue, and its name is Huspy.

Essentially, Huspy is an online mortgage platform that facilitates hassle-free financing for people who would like to live in Dubai. It was founded in August 2020 by chief executive officer Jad Antoun and chief technology officer Khalid Al Ashmawy, who understand the local market through first-hand experience.

Huspy Application Process

“We started Huspy with the aim to disrupt one of the largest industries and bring the entire home loan process online. Customers are massively underserved where lack of visibility, poor customer experience, and overpayment are common problems. We want to solve for that,” said Antoun. “The team has built tools and systems to leverage technology in a highly operational business to give us the ability to provide customers with the best rates, faster mortgage close times and a great digital experience,” added Ashmawy.

Also Read: Sarwa Helps UAE Residents Easily Invest In Global Stocks

Instead of having to wait up to 10 weeks to secure a mortgage, Huspy lets its users search over 500 home loan options in seconds to find the one that fits them the best. That way, it’s possible to get a personalized home loan three times faster and secure the best price possible. Best of all, Huspy doesn’t charge its users broker fees at all. Instead, it makes money by charging the banks a commission for every loan.

Huspy is available on iOS as well as Android, and you can download it yourself right now to see what it has to offer. The startup is backed by leading tech investors, including VentureFriends, B&Y Ventures, and Plug and Play, so you know your mortgage will be in good hands.

Related Topics:Dubai Huspy PropTech United Arab Emirates

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Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

18 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.