Huspy Expands Its UAE Operations with Acquisition of LuxuryX Brokerage

In a strategic move that signals its commitment to strengthening its foothold in the competitive UAE real estate market, Huspy has recently acquired LuxuryX, a well-respected luxury property brokerage based in Dubai. This acquisition not only brings a wealth of expertise in high-end real estate but also positions Huspy favorably for further expansion in the region.

Founded by Patrick Hayden, LuxuryX has established a stellar reputation over the past two decades, focusing specifically on the luxury residential market in Dubai. His leadership and the existing team's extensive experience are expected to significantly enhance Huspy's service offerings, particularly as the company gears up for the launch of its new luxury brand, Huspy Signature.

Since the beginning of 2026, Huspy has seen incredible growth in its UAE operations, with its brokerage network expanding by 75%. This expansion reflects a broader trend in the UAE real estate landscape, which has seen substantial transactions, with Dubai recording AED 252 billion in the first quarter of 2026. This represents a remarkably robust year-on-year increase. In addition, Abu Dhabi also saw impressive growth, hitting AED 117 billion in transactions in the first half of 2026.

Huspy is now responsible for facilitating approximately US$1 billion in monthly transactions, securing roughly 25% of all residential mortgages in the UAE. The company’s ambitious growth agenda is indicative of its aim to become the leading AI-native homebuying platform across the Middle East and Europe.

According to Jad Antoun, CEO of Huspy, the acquisition of LuxuryX aligns with their vision of integrating a highly efficient business model into their operations. He commented, “LuxuryX has built a very efficient business in a segment we are doubling down on heavily. The acquisition gives us the right team and expertise to accelerate our growth in the luxury property market.”

This strategic acquisition is particularly timely, given the escalating demand in Dubai's luxury real estate sector. Recent data indicates a surge in foreign direct investment, rising by 309% to AED 13.8 billion, reflecting growing international confidence in the UAE's property market and economic stability.

LuxuryX's mission to redefine luxury in real estate, focusing on client relationships and bespoke experiences, aligns well with Huspy’s overall philosophy. Patrick Hayden stated, “Joining Huspy gives our team access to the technology, infrastructure, and international reach required to take that vision further.”

The upcoming launch of Huspy Signature will enhance the company's offerings by providing a tailored selection of luxury properties and investment opportunities across international markets, including prime locations in Dubai, Milan, Madrid, Marbella, Barcelona, and Ibiza. This new brand will encapsulate a high level of service, marrying the best of real estate advisory with robust mortgage partner services.

Huspy’s commitment to integrating proprietary technology into its platform has been another pillar in its rapid advancement. The recent launch of Huspy 2.0, an AI-driven app, is designed to streamline agents’ operations by consolidating key tasks such as listing management and lead tracking into a single platform.

Mark Castley, CEO of Real Estate at Huspy, emphasized that their growth is largely attributable to the innovative technological framework built around each agent. This continued investment provides agents with the intelligence and tools necessary to enhance their performance and deliver the personalized service that luxury clients expect.

In summary, Huspy’s acquisition of LuxuryX heralds a new chapter for the company as it positions itself at the intersection of technology and luxury in the real estate market. As the company's operations continue to flourish in the UAE and beyond, it aims for a transformative impact on the home-buying experience, paving the way for a more interconnected and efficient real estate ecosystem. With its sights set on the future, Huspy is well-equipped to navigate the evolving demands of the luxury property market.