The company was established in 2005 by Michael Lahyani as Al Bab World.[3]
In 2007, Australia’s REA Group acquired a 51% stake of the company and rebranded as Property Finder. In 2010, Property Finder was bought back by its founder, Michael Lahyani.[4]
In 2012, Property Finder Group launched its first international site in Qatar.[5] In 2013 Property Finder closed a round of series A funding led by BECO Capital and various heavyweights from Turkey, Asia, Dubai, and Silicon Valley. In the same year Property Finder expanded into Bahrain and Egypt with the launches of propertyfinder.bh and propertyfinder.eg.[6][4]
In January 2016, Sweden-listed investment firm Vostok New Ventures buys a 10% stake of Property Finder for 20 million USD.[7]
In 2017, the company acquired 17% stake in Zingat, a Turkish real estate company. Two years later, Property Finder increased its stake to 37%.[8] In 2018 Property Finder raised $120 million from US private equity firm General Atlantic, to primarily invest in product and technology development.[9]
In December, 2019 Property Finder and Dubai Land Department launched Mo’asher, Dubai’s official Sales Price Index, to the market.[10] In 2019, Property Finder acquired its UAE-based real estate company JRD Group, which operates JustProperty portal and Propspace.com.[11]
In 2022, Property Finder acquired UAE's proptech company HomeValue.[12]
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