UAE-Based Proptech Startup Byit Capital Raises US$1.1 Million To Scale Across The GCC

Byit Capital, the Egypt-born, UAE-based proptech platform, has secured US$1.1 million in strategic funding from the Cairo-based venture capital firm A15, Cairo-based financial services and investment group Beltone Holding, alongside a group of angel investors. 

Founded by Antoine Azer in Cairo in 2022, Byit is an agent-first proptech platform built around a fundamentally different approach to real estate brokerage—one that prioritizes agent economics and removes traditional operational barriers with the aim of modernizing a fragmented and commission-heavy market. Having started its journey in Egypt before expanding into the UAE, the platform is now gearing up for its next growth phase across Saudi Arabia and broader Gulf markets.  

In an interview with Inc. Arabia, Azer, who is also the CEO of Byit Capital, explained that he founded the company to address a deep structural flaw in how the real estate industry operates. "I founded Byit in Cairo in 2022 after realizing that the industry was built to extract value from agents rather than support them," he shared. "Agents were expected to generate demand, manage clients, and close deals—while carrying most of the risk and receiving the smallest share." 

To address this imbalance, Byit has built a model that flips traditional brokerage economics. "Our mission is to be the most generous and supportive broker in the region," Azer said. "That means 80 percent commission, no office rent, no developer contracts, and no operational burden. We remove friction so agents can focus on selling, growing, and building long-term careers—not surviving month to month."

Byit's expansion comes at a pivotal moment for the region's real estate sector. Azer believes the next two to three years will bring a fundamental shift in how agents view their careers and choose their platforms. "The biggest shift ahead is that agents will no longer accept being treated as disposable lead-closers," he said. "In the Gulf, agents are becoming more ambitious and more selective. They want platforms that invest in them, protect their interests, and help them grow. The winning brokers will be those who act as partners, not gatekeepers." 

This evolution in agent expectations aligns with how Byit has structured its value proposition from the outset. With more than 40,000 freelance brokers, the company's model—which offers agents up to 90 percent of developers' commissions, provides access to verified developer inventory, and connects them to a network of more than 450 partners and over 1,000 mapped projects—has created a scalable, data-driven alternative to traditional brokerage structures. “At Byit, we treat every agent as a business owner," Azer said. "Our role is to support them with access, credibility, structure, and fairness—so they can operate confidently in demanding markets like Saudi Arabia and the UAE."

That positioning becomes particularly relevant as the company scales across Gulf markets. According to Azer, the regional ecosystem is maturing in ways that align with Byit's model, with developers prioritizing reliable, prepared agents over sheer volume, agents demanding greater freedom and earnings alongside broker support, and regulators driving transparency and professionalism across the sector. "Byit sits exactly at that intersection," Azer added. "We create trust on both sides while keeping the agent's interests at the center of the model."

Commenting on the proptech landscape in the region, Azer suggested that many players are overlooking what could be the industry's biggest opportunity: the emotional and economic reality of its people, and more specifically, agents. "Most platforms optimize for listings or developers," Azer noted. "Very few are built to reduce agent burnout, financial instability, and dependency. Platforms that offer fair economics, real support, and human-centered systems will dominate the next phase of proptech."

For founders entering proptech today, particularly in the fast-evolving Gulf markets, Azer offered a clear piece of advice drawn from his experience building Byit. "If you build for agents with generosity and consistency, they will build the business for you," he said. "In proptech, loyalty is not bought with tools—it's earned by showing up, sharing value fairly, and standing with your people when it matters. That's how we built Byit—and that's how we plan to scale it." 

Pictured in the lead image is Byit Capital's team. Courtesy of Byit Capital.