Reimagining brokerage through an agent-first model
UAE-based proptech startup Byit has raised $1.1 million in strategic funding to scale its agent-first real estate brokerage platform across the Gulf, with expansion into Saudi Arabia firmly on the roadmap.
The round includes participation from A15, Beltone Holding, and a group of regional angel investors.
Founded originally in Egypt and later headquartered in the UAE, Byit is tackling a long-standing inefficiency in the region’s property market: fragmented access to inventory, opaque commission structures, and limited support for independent real estate agents.
Giving agents leverage, not overhead
Byit operates as a digital brokerage infrastructure, enabling freelance and independent agents to access verified developer inventories, manage deals end-to-end, and retain up to 90% of commissions—a sharp departure from traditional brokerages that typically take a substantial cut.
Rather than competing with agents, Byit positions itself as their operating backbone—handling compliance, listings, payments, and reporting while agents focus on closing deals.
Scaling in a region primed for proptech
Demand for residential and commercial real estate remains strong across the UAE and Saudi Arabia, driven by population growth, foreign investment, and large-scale urban development projects. Yet brokerage workflows across the region are still largely manual and intermediated.
Byit plans to deploy the fresh capital to:
- Deepen its UAE presence
- Onboard more developers and agents
- Enter Saudi Arabia, one of the region’s fastest-growing property markets
The company is also investing in product upgrades to improve transaction transparency and agent productivity.
Editor’s Note — The Startups MENA Team
At Startups MENA, we closely track startups that don’t just digitize industries—but rebalance power within them. Byit’s agent-first approach reflects a broader shift across MENA tech: platforms are no longer built solely for enterprises, but for the individuals who drive daily economic activity.
As Gulf real estate scales in complexity and volume, infrastructure startups like Byit will define who captures value—and who gets left behind. This is not just a proptech story; it’s a story about modern work in legacy industries.
— The Startups MENA Editorial Team
