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Bayut
View on Wikipediafrom Wikipedia
Bayut is a property classifieds website in the United Arab Emirates. Bayut is a part of the Dubizzle Group, formerly known as Emerging Markets Property Group, which was the first homegrown unicorn in the Arab region.[2]
Key Information
History
[edit]Bayut was founded in 2008.
In April 2020, Bayut's parent company and the Netherlands-based OLX Group announced the merger of their operations in the UAE, Egypt, Lebanon, Saudi Arabia, Kuwait, Qatar, Bahrain, Pakistan, and Oman, together with the OLX-owned Dubai-based classifieds website, Dubizzle.[3][4]
In January 2022, the Dubai Land Department signed a memorandum of understanding with Bayut to provide Dubai’s real estate market with interactive data and reports.[5][6][7]
See also
[edit]References
[edit]- ^ Leon, Pamella de (2022-11-15). "Dubai-Based Emerging Markets Property Group, Owner Of Bayut And Dubizzle, Raises US$200 Million Ahead Of An IPO "In The Near Future"". Entrepreneur. Retrieved 2023-03-12.
- ^ Abbas, Waheed. "Arab World's sole unicorn is based in UAE". Khaleej Times. Retrieved 2023-12-14.
- ^ Godinho, Varun (2020-06-02). "EMPG and OLX Group merge MENA and South Asia operations to form $1bn Dubai-based tech company". Gulf Business. Retrieved 2020-08-17.
- ^ Staff, Entrepreneur Middle East (2020-06-03). "EMPG and OLX Group, Owners Of Dubai-Based Bayut And Dubizzle Respectively, Merge To Form Unicorn Company". Entrepreneur. Retrieved 2020-08-17.
- ^ Salian, Neesha (2022-04-22). "Bayut & dubizzle's Antonello Supino on harnessing the power of data". Retrieved 2023-03-12.
- ^ "DLD signs MoUs with Bayut, DXBinteract.com, and Property Finder". Construction Business News Middle East. 2022-01-24. Retrieved 2023-03-12.
- ^ "Want to Invest in Dubai Property? You Can Bank on Resourceful Data". The Economic Times. Retrieved 2023-03-12.
Bayut
View on Grokipediafrom Grokipedia
Bayut is a leading online real estate portal in the United Arab Emirates, founded in 2008, that serves as a comprehensive platform for buying, selling, and renting residential and commercial properties across all seven emirates, including Dubai, Abu Dhabi, and Sharjah.[1] As the UAE's premier PropTech company, it connects buyers, sellers, tenants, landlords, investors, and brokers through an extensive inventory of verified listings, advanced search tools, and market insights powered by data from sources like the Dubai Land Department.[1][2]
Operated as part of Dubizzle Group Holdings Limited (formerly Emerging Markets Property Group, or EMPG)—a homegrown Arab unicorn valued for its regional impact and backed by over $450 million in investments from entities such as Affinity Partners and Prosus—Bayut has pioneered innovations in the Middle East property market, including features like Tru Check™ for listing verification and BayutGPT for AI-driven property recommendations.[1][3] Under the leadership of CEO Haider Ali Khan since 2014, the company has achieved record revenue growth and expanded its footprint beyond the UAE, launching in Saudi Arabia in 2019 and Egypt in 2023; the parent group underwent a strategic merger with OLX Group's MENA operations in 2020.[1][4][5][6]
Bayut's mission emphasizes transparency and efficiency, offering users free access to expert advice, neighborhood guides, and educational resources via its Bayut Academy, which trains real estate professionals.[1] With headquarters in Dubai and approximately 200–500 employees, it facilitates seamless transactions in a dynamic market.[7] The platform's commitment to authenticity has earned the trust of millions, positioning it as a market leader that continually adapts to evolving real estate needs through technology and data-driven solutions.[1][8]
