PRYPCO Sets New Mortgage Disbursement Benchmark

Dubai-based prop-tech startup, PRYPCO, has achieved a significant milestone with its mortgage division. In August 2024, PRYPCO Mortgage disbursed over half a billion dirhams (AED 500,000,000+), marking its highest monthly disbursal to date. This accomplishment underscores the company’s rapid growth and increasing demand for its mortgage services, solidifying its position in the UAE real estate market.

“Reaching this milestone is a testament to the trust our clients place in us and our ability to deliver exceptional financial solutions,” said Amira Sajwani, Founder and CEO of PRYPCO. “We remain committed to facilitating homeownership in the UAE, supporting real estate development, and contributing to the growth of the nation’s economy.”

Record-Breaking Retail Mortgage Disbursal

In addition to the impressive overall disbursals, PRYPCO set a new benchmark for the highest single retail mortgage disbursal in its history. The record-breaking AED 48.5 million mortgage was used to facilitate the purchase of a luxury villa in Dubai’s prestigious Palm Jumeirah. This transaction was made possible through PRYPCO’s collaboration with United Arab Bank (UAB), a top-tier bank in the UAE known for offering a variety of mortgage solutions.

One of Dubai's Top Real Estate Transactions

The AED 48.5 million mortgage ranks among the top 10 mortgage transactions in Dubai’s real estate market over the past five years. It not only represents the largest retail disbursal in PRYPCO’s history but also marks a milestone for United Arab Bank. This accomplishment further reinforces PRYPCO’s growing influence in the UAE’s property financing landscape, as it continues to be a key player in facilitating large-scale investments.

PRYPCO’s Growing Market Influence

PRYPCO Mortgage’s partnerships with major UAE banks have positioned it as a leading choice for home loans. The company’s strategic offerings include free consultations, fast pre-approvals, and competitive options for refinancing and buyouts. These services have made PRYPCO a trusted name in the mortgage industry, especially as the company continues to expand its services and reach new heights in property financing.

Propelling Growth and Innovation in Real Estate Finance

The substantial monthly disbursal and the record-breaking individual mortgage exemplify PRYPCO’s strategic approach to leading the real estate finance sector. The UAE’s property market is experiencing steady growth, and PRYPCO Mortgage remains at the forefront by offering customized solutions to meet clients' needs. The company’s commitment to providing competitive rates, flexible terms, and outstanding customer service drives the ongoing success of its mortgage division.

Navigating the Competitive Prop-Tech Industry

The global prop-tech industry is expected to experience significant growth, with Deloitte predicting a compound annual growth rate (CAGR) of 9.3% from 2023 to 2033, pushing the market’s value from over USD 19 billion in 2023 to USD 47 billion by 2033. PRYPCO is well-positioned to capitalize on this expansion. As one of the fastest-growing start-ups in the region, PRYPCO has diversified its offerings across multiple business verticals, including Mortgages, Fractional Ownership, Golden Visas, and B2B services, solidifying its role as a key player in the prop-tech sector.