Egypt-born proptech startup Byit has taken a major step in its regional growth journey, announcing its expansion into the United Arab Emirates (UAE). The announcement also entails the launch of a new suite of AI-powered real estate solutions designed to modernise brokerage services and simplify cross-border property transactions.

The move comes only months after the company secured a $1.1 million funding round backed by A15, Beltone Holding, and a group of angel investors. This signifies strong investor confidence in Byit’s mission to reshape how real estate is bought and sold across the Middle East and North Africa.

With a growing network of tens of thousands of freelance brokers, hundreds of developer partners, and ambitious plans to enter Saudi Arabia next, Byit is positioning itself as a regional powerhouse seeking to connect Egyptian property opportunities with Gulf capital while equipping brokers with cutting-edge digital tools.

Commenting on the milestone, Byit founder, Antoine Azer said the UAE expansion marks “a key milestone in Byit’s regional journey,” adding that the company is enabling brokers to operate across borders “with greater efficiency, transparency, and access to international demand.”

What is Byit and What It Does

Founded in 2022 by Antoine Azer, Byit is a property technology company focused on improving how real estate brokerage works. Rather than relying solely on traditional agencies, the company operates what it describes as an agent-first broking model, giving freelance brokers access to property listings, digital tools, and significantly higher earning opportunities.

One of Byit’s standout offerings is its commission structure, where freelance brokers can receive up to 90% of developers’ commission. This model is designed to attract independent agents who often struggle with lower commission splits in traditional real estate systems.

Byit also serves as a marketplace that connects brokers with property developers and potential buyers, making it easier for deals to happen faster and more transparently.

Through its latest expansion, the company has established Byit Ventures in the UAE, a strategic platform aimed at linking Egypt’s growing property market with international demand, especially from investors based in the Gulf Cooperation Council (GCC).

This means an investor in Dubai, Abu Dhabi, or elsewhere in the Gulf can more easily discover and invest in Egyptian real estate opportunities through Byit’s network.

Byit’s AI Technology: What It Does

A central part of Byit’s strategy is its investment in artificial intelligence, which the company says is redefining how brokers work and how transactions are completed. Its newly launched AI tools are built to help brokers identify the right buyers for the right properties using data and personalised recommendations.

Instead of manually searching through listings and relying on guesswork, brokers can use AI-powered systems to match clients with suitable opportunities faster. The tools also provide real-time market analysis, helping brokers understand pricing trends, demand patterns, and investment opportunities.

In addition, the platform offers client lifecycle management, enabling brokers to track leads, manage relationships, and nurture deals from first contact to final sale.

Performance optimisation tools are also included, helping agents understand where they are succeeding and where they can improve in order to close more deals efficiently.

Azer highlighted the importance of this technology, saying that, “With AI at the core of our technology, we are redefining how real estate transactions are executed in the region.”

In practical terms, Byit wants to make property brokerage smarter, faster, and more data-driven.

How Big is Byit?

Although founded only a few years ago, Byit has already built a sizable footprint in Egypt’s real estate ecosystem.

According to the company, it now has a rapidly expanding network of more than 40,000 freelance brokers, giving it one of the broadest agent communities in the market. It also works with over 450 developer partners, providing brokers and buyers with access to a wide range of residential and commercial opportunities.

Additionally, Byit says it has mapped more than 1,000 real estate projects, reflecting a deep and growing property inventory across different locations and price categories.

These numbers indicate that Byit is not simply an early-stage startup experimenting with ideas, it is already scaling into a serious market player with the capacity to influence how brokerage operates in the region.

What Next for Byit?

Following its UAE expansion, Byit’s next major target is Saudi Arabia, one of the largest and fastest-growing real estate markets in the Gulf.

Saudi Arabia is currently undergoing significant urban and infrastructure development under its Vision 2030 programme, with billions of dollars flowing into housing, tourism, commercial property, and smart city projects. Entering such a market would present substantial growth opportunities for Byit.

Chief Revenue Officer Nader Jimmy said the recent funding and expansion place the company in a strong position to grow further across the GCC.

“This expansion, combined with our recent funding, puts us in a strong position to scale across the GCC,” he said. “By connecting brokers with international buyers and equipping them with advanced AI tools, we are driving higher transaction volumes and unlocking new growth opportunities for the market.”

Jimmy added that the company’s broader ambition is to become the leading technology platform for brokers across the region.

“Our ambition is to become the go-to platform for real estate brokers across the region.”

Why is This Important?

Byit’s growth reflects a larger trend happening across Africa and the Middle East, traditional industries such as real estate are increasingly being transformed by technology.

For Egypt, the company’s UAE expansion could help attract more foreign investment into the country’s real estate market by giving Gulf investors easier access to vetted property opportunities. This can generate capital inflows, support construction activity, and create jobs.

For brokers, Byit’s model offers a chance to earn more income while using smarter tools to compete in an increasingly digital market.
For the Gulf region, the company introduces a more efficient system for cross-border transactions at a time when regional investors are actively seeking opportunities beyond their home markets.

Most importantly, Byit’s rise shows how startups born in Africa and emerging markets are no longer limiting themselves to domestic success. Instead, they are building scalable regional businesses capable of competing across borders.

As proptech continues to evolve, Byit’s combination of high commissions, AI infrastructure, and regional ambition could make it one of the notable real estate technology stories to watch in the Middle East and North Africa.

_____________________

Bookmark Techparley.com for the most insightful technology news from the African continent.

Follow us on X/Twitter @Techparleynews, on Facebook at Techparley Africa, on LinkedIn at Techparley Africa, or on Instagram at Techparleynews