- Dubizzle Group acquired UAE-based Property Monitor to strengthen its real estate tech offerings and expand in the MENA region.
- The deal aims to enhance data-rich tools for agencies and developers by combining demand-side insights with Property Monitor’s analytics.
- This marks the company’s fourth acquisition in two years, reinforcing its leadership in the region’s online classifieds and property tech sector.
Dubizzle
What happened? Dubizzle announced its acquisition of Property Monitor. The group owns and operates dubizzle, Bayut, Drivearabia, and Hatla2ee across the MENA region. With this recent acquisition it aims to reinforce its real estate and technology presence.
What does this mean for the two companies? The group aims to add to the Property Monitor product suite by incorporating demand-side data, creating avenues for deeper client engagement.
“This acquisition unlocks new opportunities to enhance the value that Bayut and dubizzle deliver to real estate agents and developers, while reinforcing Dubizzle Group’s position as a leading destination for real estate classifieds in the UAE,” said Haider Ali Khan, CEO of Dubizzle Group – UAE.
Additionally, this reinforces Dubizzle’s presence in the MENA digital marketplace sector. With this move, it also aims to position itself as the region’s go-to destination for online classifieds.
Who are they? Dubizzle Group is a general classifieds platform in MENA and South Asia regions.
Property Monitor is a UAE- based real estate technology and market intelligence provider. It enables industry players to make data-driven decisions and reliable property valuations through its SaaS-based platform. Furthermore, its other products include APIs integration, market reports and automated valuations.
Recent acquisitions In the past two years, Dubizzle acquired three companies. Most recently, it acquired Hatla2ee, an Egyptian marketplace for cars. It also recently acquired Drive Arabia, the automotive news, reviews and car comparison platform.
Both these acquisitions were in an attempt to extend its precedence in the automotive sector while providing innovative solutions to its customers.
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