propX

WHATS THE PROBLEM?

  • International investors explore new markets to diversify their real estate portfolios and optimise their returns.

  • However, they typically spend at least a week researching a single real estate opportunity due to various factors, including navigating multiple platforms, assessing and comparing options, and facing informational and geographical barriers.

  • What if time spent researching could be slashed to minutes?

  • Focussing initially on the UAE and Saudi Arabian markets, this week’s company, propX, looks to redefine real estate investment with a compelling solution👇

Solution in a sentence: propX is a single platform to search, assess and compare international real estate investment opportunities in minutes.

Five key features:

  • AI-driven engine: Pinpoint opportunities in line with investors’ preferences and financial objectives with advanced search capabilities.

  • Market data: A single platform consolidating data from various listing websites and data providers.

  • Automated investment analysis: Assess and compare multiple opportunities in one place.

  • Proprietary scorecard: Predictive analytics to help investors anticipate potential ROI and investment risks, enabling faster informed decision making.

  • Portfolio management: Manage an entire investment portfolio, leveraging advanced tools to monitor performance, adjust strategies, and maximise returns.

Analogy: Similar to how GPS technology guides you to your destination with precision and efficiency, propX leverages advanced algorithms and data aggregation to steer you toward the most promising investment opportunities worldwide, saving you time and effort along the way.

Company breakdown:

  • Industry: PropTech

  • Headquarters: London

  • Year Founded: 2023

  • Employee Count: 3

  • Currently Raising: $750k seed round

  • Business Model: B2B Platform - revenue sharing model from matching demand with supply. SaaS model will be considered with enough data for market insights and intelligence.

  • Early Traction: MVP developed and 12 beta users signed up

Due Diligence

WHAT WE LIKE
  • Efficiency: By offering a single platform to search, assess, and compare international real estate investment opportunities, propX streamlines the investment process, saving investors valuable time and effort.

  • Large opportunity in KSA and UAE:

    • Market size: $200bn opportunity by 2030 in UAE and KSA alone.

    • Saudi market by 2030: $1.25 trillion of real estate projects, 50M population vs. 30M today, +660k units, $250bn of projects already commissioned.

    • UAE market by 2033: Dubai GDP set to double, population to increase from 3.5M to 6M, $8 trillion of CAPEX to be spent on projects, fairly valued real estate and relatively affordable vs. cities like London and HK.

  • Global opportunity: If propX can prove a product market fit in KSA and UAE, the platform could be adapted to expand globally, presenting a massive opportunity.

  • Investor-Seller Network Effect: As more investors join propX, it becomes more attractive to sellers, leading to an expanded pool of investment opportunities for investors. This, in turn, attracts additional investors, creating a positive feedback loop.

POTENTIAL RISKS
  • Market Volatility: Real estate markets are subject to economic fluctuations, geopolitical events, and other external factors that can impact investor sentiment and investment opportunities. A downturn in the real estate market could affect propX's growth and revenue prospects.

  • Market Acceptance: The success of propX relies on widespread adoption by international investors and sellers. If the platform fails to attract a sufficient user base or faces resistance from traditional investors, it may struggle to achieve sustainable growth.

  • Competition: While propX's additional features such as personalised search, comparative analysis, and portfolio management currently set it apart, there remains a risk that competitors could quickly replicate and implement these functionalities, eroding propX's differentiating factor.

Founding Team

To request an introduction to the founders, please reply to this email

Comparables

Why propX: While similar in some ways, the competitive landscape doesn’t provide the comprehensive array of product features that propX offers, including personalised search, comparative analysis, and portfolio management.

Have your say:

Written by Monty

If you’d like to 🎙️ pitch to us or 📣 partner with us, please respond to this email