Bayut and dubizzle strengthen UAE presence from Dubai CommerCity
Haider Khan: This dynamic and rapidly expanding hub provides a cutting-edge ecosystem that fosters innovation and accelerates growth
Dubai, UAE – Dubai CommerCity, the region's first and leading free zone dedicated exclusively to digital commerce and a joint venture between DIEZ and Wasl Properties, today announced the official inauguration of Bayut and dubizzle's new hub at Dubai CommerCity, marking a significant milestone in their expansion and reinforcing their commitment to driving the future of digital commerce in the UAE.
Abdulrahman Shahin, Senior Vice President Property Management and Supply Chain at Dubai CommerCity and Haider Khan, CEO of Bayut and dubizzle and CEO of Dubizzle Group MENA inaugurated the new hub in the presence of officials from Dubai Land Department and Dubai Police along with senior officials from both entities.
Spanning 45,000 square feet, the new hub is designed to accommodate over 400 employees over two floors, offering a dynamic environment that fosters creativity, collaboration, and innovation. This expansion highlights Bayut and dubizzle's continued growth and leadership in the real estate and online classifieds sectors. The move reinforces their position at the forefront of the Proptech industry, setting new benchmarks for technology, transparency, and customer experience.
Abdulrahman Shahin, Senior Vice President Property Management and Supply Chain at Dubai CommerCity said: 'The opening of Bayut and dubizzle's new hub in Dubai CommerCity is a significant milestone that highlights our commitment to driving innovation and excellence in the digital commerce sector. As the region's first free zone dedicated exclusively to digital commerce, Dubai CommerCity offers a unique environment for companies to thrive'.
He added: 'With its world-class infrastructure and dynamic ecosystem, Dubai CommerCity provides an ideal foundation for Bayut and dubizzle to lead the Proptech industry and this expansion not only strengthens their leadership position but also sets a new benchmark for technology, transparency, and customer experience in the UAE.'
Haider Khan, CEO of Bayut and dubizzle and CEO of Dubizzle Group MENA, said: 'We are excited to be part of Dubai CommerCity. This dynamic and rapidly expanding hub provides a cutting-edge ecosystem that fosters innovation and accelerates growth. Our decision to establish a presence here, alongside our headquarters in Dubai Design District, was driven by CommerCity's strategic location, world-class infrastructure and commitment to supporting the digital economy.'
'With Bayut and dubizzle operating from multiple locations across Dubai, this expansion positions us at the core of the city's digital transformation, allowing us to scale our operations, enhance our impact, and drive further innovation in the sector,' he added.
Bayut and dubizzle's innovations in the Proptech space are leading the charge in transforming the real estate sector. Among their standout achievements is the launch of TruEstimate™, a property valuation tool developed in collaboration with the Dubai Land Department (DLD). Property seekers across Dubai have generated over 200,000 TruEstimate™ reports within just 7 months of the launch of this innovative property valuation solution, showcasing its role in enhancing real estate decision making with real-time, data-driven insights.
In addition, Bayut has introduced TruBroker™, a bespoke feature aimed at recognizing and engaging real estate agents across the UAE. With over 6,500 badges awarded by February 2025, TruBroker™ is changing how agents are acknowledged for their professional contributions, promoting greater transparency and collaboration within the industry.
This new hub also reinforces Bayut and dubizzle's dedication to regional growth and job creation. The state-of-the-art workspace will serve as a hub for talent across technology, product development, marketing, sales, and customer service, offering exciting career opportunities for top professionals in the UAE, marking another important milestone in their journey to drive innovation and lead the future of the Proptech and online classifieds industries.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hi Dubai
5 days ago
- Hi Dubai
DAFZ Partners with China's Zhuanzhuan Group to Establish Regional HQ in Dubai
Dubai Airport Freezone (DAFZ), part of the Dubai Integrated Economic Zones Authority (DIEZ), has signed a strategic Memorandum of Understanding (MoU) with China's Zhuanzhuan Group, one of the country's top platforms for secondhand goods. The agreement marks the group's first regional presence outside China, with its Middle East headquarters to be established in DAFZ. The collaboration supports Dubai's ambitions to become a global leader in sustainable trade and circular economy practices, in alignment with the Dubai Economic Agenda D33. Zhuanzhuan's facility in Dubai will manage an end-to-end secondhand supply chain, including recycling, inspection, classification, and packaging, with operational support from DIEZ across logistics, customs, and distribution. Zhuanzhuan Group, which boasts over 400 million registered users and operates more than 960 physical stores across 80 cities in China, is known for championing eco-conscious business models and achieving 4.1 million tons in carbon emission reductions through sustainable practices. Amna Lootah, Director General of DAFZ, noted that the partnership highlights Dubai's appeal to international innovators and strengthens its position as a trade gateway connecting Asia, Africa, and Europe. Wang Su, Corporate Vice President of Zhuanzhuan, echoed this sentiment, calling Dubai an ideal launchpad for regional expansion thanks to its strategic location and infrastructure. The MoU also includes a shared commitment to developing joint research and policy papers on circular economy trends and secondhand trade. As part of the agreement, DAFZ will facilitate Zhuanzhuan's setup and integration, while the company will align with regional compliance standards and bring in new opportunities from its global supply network. This partnership is expected to catalyse new business models in the circular economy and reinforces Dubai's position as a hub for sustainable, innovation-led global commerce. News Source: Dubai Media Office
Emirates 24/7
5 days ago
- Emirates 24/7
DAFZ partners with China's Zhuanzhuan Group to establish company's first regional presence
Dubai Airport Freezone (DAFZ), a member of the Dubai Integrated Economic Zones Authority (DIEZ), has signed a Memorandum of Understanding (MoU) with the Zhuanzhuan Group, a leading Chinese firm specialising in secondhand goods trading. The agreement lays the foundation for a strategic partnership aimed at developing a cross-border supply chain for secondhand consumer goods from Dubai to the wider Middle East and global markets. This collaboration reflects DAFZ's commitment to advancing the circular economy by attracting pioneering businesses into the region and fostering a globally connected, innovation-driven business ecosystem across its economic zones. The initiative will enhance Dubai's role as a global hub for sustainable trade and reinforce its position as a key trade gateway linking Asia, Africa, and Europe. Under the terms of the MoU, signed by Arif Al Khoori, Senior Vice President - Customer Care at DAFZ and Wang Su, Corporate Vice President of Zhuanzhuan Group, the company will establish its regional headquarters within DAFZ. The facility will support a fully integrated supply chain covering recycling, quality inspection, classification, and packaging. DIEZ will provide institutional support to facilitate collaboration with logistics providers, customs authorities, clearance agents, and distribution partners, enhancing operational efficiency through flexible and effective solutions. Zhuanzhuan is among China's foremost secondhand goods platforms, boasting over 400 million registered users and more than 50 million monthly active users in 2024, with a strong presence among Gen Z consumers. The company has highly advanced technological and logistical infrastructure, operating over 960 physical stores in 80 cities. The company actively promotes circular economy initiatives, including biodegradable packaging and a cumulative reduction of more than 4.1 million tons in carbon emissions. Dubai's vision for sustainable trade Amna Lootah, Director General of DAFZ, said: 'This partnership highlights Dubai's commitment to attracting high-quality investments and enhancing its integration into global value chains, in line with our strategic objectives of positioning the emirate as a leading global hub for sustainable trade. This stems from our commitment to supporting international companies in their growth and innovation journeys, in alignment with the Dubai Economic Agenda D33 — which aims to double the size of Dubai's economy by 2033, reinforce its standing among the world's top three urban economies, and enhance its appeal as a premier global destination for business and investment.' 'Through this MoU, we are committed to streamlining procedures and fostering an enabling environment for the growth of the secondhand goods sector — particularly amid the accelerating global shift towards a circular economy. We will leverage our capabilities and networks to facilitate the establishment and operations of Zhuanzhuan, while supporting its logistics activities and distribution networks,' Lootah added. Wang Su, Corporate Vice President of Zhuanzhuan Group, said: 'We look forward to establishing new benchmarks in the secondhand goods trade across the region through this strategic partnership with DAFZ. We are confident that Dubai will serve as an ideal gateway to regional markets, thanks to its advanced infrastructure, trade facilitation services, logistical efficiency, and strategic geographic location.' Driving new business models in the circular economy The agreement also outlines plans to co-develop research and specialised working papers exploring the future of the circular economy and secondhand goods trading, with the goal of establishing best practices and sustainable benchmarks for the sector. DAFZ will provide regulatory, technical and institutional support for Zhuanzhuan Group's registration and integration within the Freezone, including facilitation of customs clearance and distribution processes, as well as introductions to key partners across Dubai's economic landscape. In turn, Zhuanzhuan Group will ensure alignment with Chinese and Dubai technical and compliance standards, while also offering DAFZ potential opportunities to establish new entities from within its global supply chain partners. This partnership is anticipated to play a key role in fostering innovative business models within the sustainable trade ecosystem, aligning with Dubai's strategic vision to advance a circular economy and support enterprises that leverage innovation to promote responsible consumption.
Arabian Business
6 days ago
- Arabian Business
Dubai Land Department in partnership with Second Century Ventures launch REACH Middle East
Dubai Land Department has partnered with Second Century Ventures to launch REACH Middle East, a real estate technology accelerator designed to transform the sector across the region. Officially opening applications for its first cohort in 2025, the program is inviting startups from all industries to apply. The initiative is led by PropTech (Property Technology) pioneers Siddiq Farid and Karim Helal, and marks a significant step in aligning the region's property market with global advancements in digital technology. REACH Middle East is structured as an eight-month, high-impact accelerator program that will select up to 10 promising startups. Chosen participants will gain access to funding, mentorship, pilot opportunities, and connections that can help them scale both regionally and internationally. Each selected startup may receive up to $250,000 in seed capital and will be introduced to strategic investors, paving the way for follow-on funding. Dubai launches regional proptech innovation hub The program is not limited to traditional real estate startups. Instead, it encourages applications from companies using emerging technologies, such as artificial intelligence, the IoT, and blockchain, with the potential to impact real estate, construction, sustainability, or property management. Revenue-generating startups between the seed and Series A stages are especially encouraged to apply. In addition to financial investment, REACH Middle East is said to offer direct access to major real estate developers, government entities, and facility managers, allowing startups to test and commercialise their technologies in real-world settings. Participants will also receive mentorship from global experts, successful founders, and seasoned real estate professionals. The accelerator aims to help startups plug into a global network of over 330 alumni companies and provide visibility at major industry events, trade shows, and conferences. The launch of REACH Middle East is in line with the UAE's broader digital transformation initiatives, including the UAE Digital Economy Strategy, Dubai Economic Agenda D33, and the Dubai Real Estate Sector Strategy 2033. These strategies collectively aim to add over $27 billion to the economy and promote the region as a leader in digital innovation. The program also complements other major regional initiatives, such as Abu Dhabi's Hub71, the Saudi Real Estate Development Fund, and the NEOM Innovation Hub, all of which support the innovation ecosystem under Saudi Arabia's Vision 2030. Second Century Ventures, the venture capital arm of the National Association of Realtors in the United States, is the driving force behind REACH globally and is recognised as the most active real estate tech fund worldwide. Its unique position allows it to leverage a vast network of real estate professionals, corporate executives, and technology leaders to support startup growth. Dr. Mahmoud AlBurai, Head of Policies and Innovation at Dubai Land Department, highlighted the strategic importance of the initiative. 'We are proud to collaborate with REACH Middle East to unlock the potential of real estate tech startups across the region. With Dubai as the starting point, this accelerator will provide unparalleled support to entrepreneurs, fostering solutions that resonate throughout the Middle East and contribute to the global real estate ecosystem.' Siddiq Farid, Managing Director of REACH Middle East, emphasised the practical value of the program. 'The MENA region is at the forefront of real estate innovation, and REACH Middle East is committed to empowering startups to solve real-world challenges. Our program bridges cutting-edge technology with practical real estate applications, driving sustainable growth for startups and the industry alike.' Dave Garland, Managing Partner at Second Century Ventures, called on ambitious founders to step forward. 'REACH offers a unique opportunity for startups to be part of a transformative ecosystem. We encourage ambitious startups to apply to join the next generation of PropTech trailblazers and help shape the future of real estate in the MENA region and beyond.'
