Deal App raises $2.24m in pre-series A round

Deal App raises $2.24m in pre-series A round

Deal App, Saudi-based real estate app, raised $2.24M in pre-series A funding from Alsoliman Real Estate, Wallan Group, Salem Balhamer Real Estate, AlThuraya AlOmrania Properties, Kenaya and angel investors.

The startup was founded in 2019 by Salah Alswidan, Abdullah Al Abbad and Mohamed Al Shalan. Deal aims to provide solutions to the problem of searching for a property, whether for purchase or for rent, as property seekers face challenges in accessing the appropriate options for them from real estate offers.

“At Deal, we believe in the importance of a professional real estate broker; Therefore, we at Deal launched a real estate business accelerator that seeks to enable young people to enter the real estate brokerage market and interact professionally with real estate requests in the application, which accelerates their access to achieving successful real estate deals,” Salah Al-Suwaidan, co-founder and CEO of Deal App, said.

This inspired the app to adopt a solution which helps property seekers to submit a real estate application, to reach their requests directly to active brokers in their desired neighborhoods, then real estate brokers react to their requests by offering suitable real estate offers. Deal has processed over 100k real estate requests with over 20k agents across over 100 cities in Saudi to date.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.