The Egyptian Proptech Startup Changing the Way We Buy Homes

Partment, an Egypt-based proptech startup, is making people’s ambitions of owning a second home a reality. Founded in 2022 by Nadim Nagui, Ahmed Raggal and Chinmaya Das, the digital platform enables users to co-own a second home at a fraction of the price, while providing them with an end-to-end property management service.

“My co-founders and I have experienced the pains of buying a second home in Egypt and wanted to figure out a better, more streamlined solution for that problem,” Nadim Nagui, CEO of Partment, tells StartupScene. “And that’s why we started the company to enable real estate collaboration.”

In less than a year since its founding, the startup already witnessed a five-fold increase in its market size in Egypt, and recently expanded to Greece, a prime real estate destination for vacationers and investors alike. Following the success of its first year of operations, Partment is now eyeing further expansion to regional and international markets.