Bayut

Bayut.com is a Dubai-based property portal and a privately owned company. Bayut operates in all seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah). Over the years, the company has gained a solid ground in UAE's online real estate space.[2]

Bayut.com
Type of site
Online property portal
Available inEnglish, Arabic
Founded2008
HeadquartersBuilding 3, Dubai Design District,PO Box 333 300 Dubai,
UAE
OwnerArabian Web Publishing Group FZ-LLC
CEOHaider Ali Khan
IndustryReal Estate & Internet Marketing
Employees200+
URLwww.bayut.com
Alexa rank 61,449 (April 2014)[1]
Current statusActive

History
Bayut.com Office in Dubai

Bayut was founded in 2008 by the brothers Zeeshan and Imran Ali Khan, following their success with Zameen.com in Pakistan. Their elder brother Haider Ali Khan remained a strategy adviser to Bayut in its initial years but in 2014 he took up the role of company CEO full-time, following 20 years of experience with global giants such as Goldman Sachs, Silicon Labs and National Instruments. In 2015, Bayut.com gained additional investors in order to expand into other Gulf states.[3] In 2015, Bayut welcomed industry leaders SeLoger CEO Roland Tripard and Mitula Group Chairman Simon Baker — who has previously headed the REA Group as well as iProperty Group — into its team. In April 2016, Bayut.com participated in the International Property Show organised by Strategic Marketing & Exhibitions in Dubai.[4]

Services

Bayut.com's database lists over 95,000 property listings including homes, villas, apartments and commercial buildings available for sale or rent in the United Arab Emirates. Bayut.com offers a search engine that helps users customise their search by entering the desired property location, type and price range. Interested buyers and investors can contact realty experts at Bayut for a timely advice on real estate matters.[5] The website also contains lists of schools, hospitals, shopping malls, cinemas and transport in UAE.[6]

Investment

In September 2015, Bayut.com wrapped up a series B investment round, raising $9 million in new capital[7] from three global investment funds to fuel growth into newer markets. The investment went into Bayut's holding company The Emerging Markets Property Group, which also controls Zameen.com, Pakistan's leading property portal. Following the series B funding, Bayut's holding company EMPG raised another $20 million in January 2016 for expansion in the Middle Eastern region. With the latest series D funding of $100 million by EMPG, Bayut stands as the most well-funded tech start-up of the region with a total of $160 million raised till date.

Awards

In November 2009, Bayut.com was declared the 'Best Property Portal' in CNBC Arabian Property Awards. Bayut.com won the award for Best Arabian Property Portal and was also nominated as the contender for “World's Best Property Portal” award. [8]

References
  1. "Bayut.com Site Info". Alexa Internet. Retrieved 2014-04-01.
  2. News. "Bayut Property Search Feature". Trade Arabia.
  3. "UAE's Bayut Secures Investment". Property Portal Watch. 7 January 2015. Retrieved 26 February 2015.
  4. "Strategic Marketing & Exhibitions Presents the International Property Show 2016 in Dubai". EVENTFAQS Media. Retrieved 2017-10-12.
  5. "Services provided by Bayut". Retrieved 3 May 2010.
  6. "Bayut launch". Archived from the original on 21 February 2010. Retrieved 3 May 2010.
  7. Investment, Series B. "Bayut Raises $9 million". The World Folio.
  8. "Bayut.com emerged as a winner for Dubai's Best Property Portal in CNBC Awards". Pressport.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.