News

Huspy Raises $37 Million To Accelerate Expansion Across EMEA

The company wants to use the funds to invest in technology development, expand into new markets across Europe, and boost growth in regions where it already operates.

Published

3 years ago

June 23, 2022

David Morelo

Huspy

PropTech startup Huspy has just raised $37 million in a Series A funding led by Sequoia Capital India.

Also participating in the round of venture capital financing were California-headquartered venture capital firms Founders Fund, Fifth Wall, and Chimera Capital, which joined returning investors Breyer Capital, BY Venture Partners, COTU, VentureFriends, and Venture Souq.

The company wants to use the funds to invest in technology development, expand into new markets across Europe, and boost growth in regions where it already operates.

huspy team group picture

“In just under two years, Huspy has grown to become one of the largest property platforms, facilitating billions of dollars in volume. Today, we’re humbled to partner with global and regional investors, and we look forward to working together to reshape the world’s largest asset class,” said Jad Antoun, co-founder & CEO of Huspy.

Launched in 2020, Huspy strives to streamline the home buying experience by creating a modern platform connecting home buyers with leading property agents and trusted financial institutions.

It took Huspy just one year of operations to become the leading mortgage provider in the United Arab Emirates, with an annual run rate of more than 1 billion USD.

Also Read: UAE To Punish Crypto Scammers With Fines & Jail Time

The startup has successfully recruited talent from some of the world’s top tech companies, including Compass, Gympass, Loft, Loggi, Microsoft, Quinto Andar, SumUp, and Uber. It also employs a team of brokers with over 20 years of experience working for banks like Emirates NBD, RAKBANK, ADIB, and DIB.

“In a short span of time, the company has demonstrated its strong value proposition for the real estate ecosystem and has become the market leader in mortgage broking in the UAE with healthy unit economics,” commented GV Ravishankar, MD, Sequoia India.

The PropTech market is expected to grow at a CAGR of 16.8% between 2022-2032 as startups and incumbent real estate companies use modern technology to make the home buying experience less stressful.

News

UAE’s Etihad Rail Launches In 2026 — What You Need To Know

A 1,200 km passenger network will transform public transport, with 11 connected cities, and high-speed trains cutting inter-emirate travel times.

Published

1 day ago

May 19, 2025

Nour Nasir

Etihad Rail

Etihad Rail has confirmed that its long-anticipated passenger train service will officially launch in 2026, ushering in a new era of high-speed, inter-emirate travel. The UAE’s national railway developer shared the announcement on X (formerly Twitter), as work continues on a 1,200 km passenger network set to connect 11 cities across all seven emirates.

The news marks a major leap in public transportation for the country, with passenger trains designed to reach speeds of up to 200 km/h. Travel times will be significantly reduced — Abu Dhabi to Dubai is expected to take just under an hour, while the journey to Fujairah will be cut to around 105 minutes. A separate high-speed line, capable of reaching 350 km/h, is also in the works to link Abu Dhabi and Dubai in just 30 minutes.

The backbone of the network was completed in 2023, when Etihad Rail launched its 900 km freight service linking key industrial and logistics hubs across the UAE, including ports in Abu Dhabi, Dubai, and Fujairah. Now, the focus has shifted to passenger infrastructure.

The first station will be located in Sakamkam, Fujairah city centre, and a second is confirmed near University City in Sharjah. Dubai’s main station is expected to be adjacent to Jumeirah Golf Estates Metro Station, while Abu Dhabi’s is anticipated along the corridor separating Mussafah Industrial Area and Mohammed Bin Zayed City.

Also Read: UGREEN Nexode Pro Review: Portable Yet Powerful Chargers

Once completed, the passenger network will link cities including Al Sila, Al Ruwais, Al Mirfa, Dubai, Sharjah, Al Dhaid, Abu Dhabi, Ras Al Khaimah and Fujairah. Integration with Oman is also part of the long-term vision. A new cross-border project — Hafeet Rail — will span 303 km between Sohar and Abu Dhabi’s Al Wathba area. Developed by Etihad Rail in collaboration with Oman Rail and Mubadala, the link is expected to deepen trade and tourism ties between the two countries.

Etihad Rail’s passenger trains will carry up to 400 passengers each and feature Wi-Fi, entertainment systems, charging points, and onboard food and beverage options to ensure a comfortable experience. To further simplify access, passengers will be able to pay with their nol cards, thanks to a partnership between Etihad Rail and Dubai’s Roads and Transport Authority (RTA). The collaboration aims to integrate fare payments and booking systems under one unified platform.