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Moroccan Real Estate Platform Mubawab Secures US$10M For Maghreb Expansion

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Moroccan Real Estate Platform Mubawab Secures US$10M For Maghreb Expansion

Moroccan real estate platform Mubawab has raised US$10 million from EMPG MENA Group to increase its technological lead and accelerate its expansion in the Maghreb region.

Founded in 2011 by Kevin Gormand, Mubawab enables sellers and landlords to advertise their properties in Morocco and Tunisia. The platform has a client portfolio of nearly 1,000 partners and more than 150,000 active listings.

This investment will allow the strengthening of Mubawab services in the Maghreb, job creation with the recruitment of nearly 200 employees, and the deployment of Mubawab Transaction in other cities of the Kingdom.

Mubawab will also use the new funding for the development of new activities specializing in real estate with an “Investment Advisory” department (market study, real estate advice, and expertise) but also an investment in research and development to increase efficiency and respond to growing market demand for practical and innovative solutions bringing together supply and request. 

Mubawab is today the benchmark for real estate with indisputable business and market expertise. It is also one of the leading marketers in Morocco for new real estate projects through Mubawab Transaction, which brings to 15 all the promoters supported in the city of Casablanca alone. 

Read: In Brief: Cameroonian Fintech Startup Diool Secures US$3.5M Funding

“Gaining the confidence of investors is a guarantee of credibility on the market and towards our clients. Real estate still has a lot to give in the Maghreb region and technology is our strong link in this high potential market. We are going to take a further step in our 2021-2023 vision! Mubawab consolidates its position as leader and reference in real estate in Morocco and Tunisia, and vigorously begins its expansion in the Maghreb region.” concludes Kevin Gormand, CEO and co-founder of Mubawab.

The confidence of the EMPG group in Mubawab’s double-digit growth in the Maghreb region is behind this commitment.

Mubawab’s leadership and vision in supporting real estate professionals to meet demand, confirms our choice to invest in Mubawab to consolidate its position as a major and essential real estate player in the Maghreb. . This expertise is the strength of Mubawab, which experienced a performance rebound in the last quarter of 2020 and sets it apart from other real estate players, says Haider Ali Khan, CEO of the EMPG MENA Group. 

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