Bayut

Last updated
Bayut
Bayut Logo.png
Type of site
Online property portal
Available in English, Arabic
Founded2008;16 years ago (2008)
Headquarters Dubai, United Arab Emirates
CEOHaider Khan [1]
IndustryReal Estate & Internet Marketing
Employees200+
Parent Dubizzle Group (formerly EMPG)

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]

History

Bayut was founded in 2008 by Imran Ali Khan and Zeeshan Ali Khan, following their launch of Zameen.com in Pakistan. In 2014, Haider Ali Khan moved to the UAE from the United States as the CEO of Bayut. Haider also leads the UAE’s largest online classifieds website, Dubizzle, as the company’s CEO and as the MENA region CEO of the wider Dubizzle Group.

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]


Related Research Articles

<span class="mw-page-title-main">Economy of the United Arab Emirates</span>

The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.

<span class="mw-page-title-main">Nakheel Properties</span> Property development company in Dubai

Nakheel Properties is a real estate development company based in Dubai, United Arab Emirates. The formal name of the company is Nakheel PJSC and it was a subsidiary of Dubai World and a private state-owned enterprise.

<span class="mw-page-title-main">Emirates Hills</span> Community in Emirate of Dubai, United Arab Emirates

Emirates Hills is a gated community located in Dubai, United Arab Emirates. It is named after Beverly Hills.

du (company) Dubai-based domestic telecom provider

Emirates Integrated Telecommunications Company P.J.S.C., commercially rebranded as du (دو) in February 2007, is one of the two main telecom operators in the United Arab Emirates. du offers fixed line, mobile telephony, internet and digital television services across the UAE. It also provides carrier services, a data hub, internet exchange facilities and satellite service for broadcasters. It expanded its services in support of economic and social transformation of UAE and operates subsidiaries such as EITC Investment Holdings Limited, Edara, Smart Dubai Platform Project Company LLC and EITC Singapore PTE. LTD.

<span class="mw-page-title-main">Arif Naqvi</span> British Pakistani businessman (born 1960)

Arif Masood Naqvi is a Pakistani-Kittian businessman, who was the founder and chief executive of the Dubai-based private equity firm, The Abraaj Group and Aman Foundation. The Abraaj Group was founded in 2002 and operated in Africa, Asia, Latin America, Middle East, Turkey and Central Asia, and is currently in liquidation due to accusations of fraud.

<span class="mw-page-title-main">Wego.com</span> Singapore-based travel search engine

Wego is the number 1 travel app for flight search and booking in the MENA region with a year-over-year growth of over 157.7% and 143,002 downloads in February 2023, according to data.ai.

Majid Al Futtaim Holding is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.

There are approximately 400,000 Chinese people in the United Arab Emirates as of 2023, according to the Chinese ambassador. Many Chinese expatriates hail from the Wenzhou region; they are mostly businessmen and merchants who run hundreds of commodity shops through the Emirates. Chinese culture in the Emirates has a sizeable presence; there are many Chinese restaurants in Dubai.

Lamudi is an online real estate marketplace with operations in 34 countries.

Dubai Investments Park (DIP), including Dubai Investment Park 1 and Dubai Investment Park 2, is a business park area in Dubai, United Arab Emirates, including commercial, and industrial, and residential development. The Green Community Village and Green Community East in DIP 1 are to the north and Dunes Village in DIP 2 is to the northeast. DIP was established in 1995.

Careem is a Dubai-based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. The company, which was valued at over US$2 billion in 2018, became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. Careem expanded into the food delivery business with Careem Now in November 2018, which evolved into Careem Food as well as the rapid grocery delivery service Careem Quik in 2020, and launched a digital payment platform, Careem Pay in April 2022. In April 2023, Careem's Super App business was spun out into a new legal entity, which e& acquired a 50.03% stake in, while Uber maintains full ownership of Careem's ride-hailing business. The Super App currently offers 20 digital services in the UAE including ride-hailing, food, grocery, micromobility, DineOut, and a subscription-based service - Careem Plus, amongst others.

<span class="mw-page-title-main">Ronaldo Mouchawar</span> Syrian entrepreneur

Ronaldo Mouchawar, is a Syrian entrepreneur. In 2005, he co-founded Souq.com, the largest e-commerce retailer in the Arab World, making the e-commerce retailer the region's first unicorn. When Amazon acquired Souq in 2017, Mouchewar became vice president of Amazon Middle East and North Africa. He is a veteran of Maktoob, the internet portal that was purchased by Yahoo in 2009.

<span class="mw-page-title-main">Alec Oxenford</span> Co-founder of online marketplace

Alejandro Carlos "Alec" Oxenford is an Argentine entrepreneur. He co-founded OLX, and co-founded letgo, a mobile classified ad app in the United States.

<span class="mw-page-title-main">OLX</span> Online marketplace

OLX Group is a Dutch-domiciled online market place headquartered in Amsterdam. The OLX consumer brand originated as OnLine eXchange in 2006. OLX Group is owned by Prosus, the international assets division of Naspers.

<span class="mw-page-title-main">Fadi Ghandour</span> Jordanian businessman

Fadi Ghandour is a Lebanese Jordanian entrepreneur, investor, and philanthropist. He is the Executive Chairman of Wamda, a platform that builds and invests in entrepreneurship ecosystems across the Middle East and North Africa, Turkey and East Africa through Ecosystem Development programs and a venture capital fund investing in technology-enabled companies that operate in these markets.

<span class="mw-page-title-main">Hussain Sajwani</span> Egyptian businessman

Hussain Sajwani is an Emirati billionaire businessman and the founder of the property development company, DAMAC Properties, and his private investment company, DAMAC Group.

Saygin Yalcin is a Dubai-based German entrepreneur and academic lecturer of Turkish origin. He founded sukar.com which was acquired by Souq.com, which was then acquired by Amazon for $580 million.

<span class="mw-page-title-main">Fujairah</span> Capital of the Emirate of Fujairah, United Arab Emirates

Fujairah City is the capital of the emirate of Fujairah in the United Arab Emirates. It is the seventh-largest city in UAE, located on the Gulf of Oman. It is the only Emirati capital city on the UAE's east coast. The city of Fujairah is an industrial and commercial hub located on the west coast of the Indian Ocean that sits at the foothills of the Hajar Mountains.

<span class="mw-page-title-main">Ureed</span>

Ureed is a web-based platform that links businesses and employers with freelance workers. Its headquarters is located in Dubai, UAE.

Kaidee is an online shopping and classifieds platform in Thailand. It was cited as Thailand's largest online shopping and classifieds platform. Kaidee uses machine learning and big data algorithms to recommend products for its customers.

References

  1. 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.
  2. Abbas, Waheed. "Arab World's sole unicorn is based in UAE". Khaleej Times. Retrieved 2023-12-14.
  3. 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.
  4. 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.
  5. Salian, Neesha (2022-04-22). "Bayut & dubizzle's Antonello Supino on harnessing the power of data" . Retrieved 2023-03-12.
  6. "DLD signs MoUs with Bayut, DXBinteract.com, and Property Finder". Construction Business News Middle East. 2022-01-24. Retrieved 2023-03-12.
  7. "Want to Invest in Dubai Property? You Can Bank on Resourceful Data". The Economic Times. Retrieved 2023-03-12.