Dubizzle expands real estate intelligence capabilities with Property Monitor acquisition
Dubai-based online classifieds platform Dubizzle Group has acquired Property Monitor, a UAE-based proptech, for an undisclosed value.
Founded in 2005 by J.C. Butler and Sim Whatley, Dubizzle is behind classified platforms such as dubizzle, Bayut and Drive Arabia. Meanwhile, Property Monitor, founded in 2014, is a real estate data analytics and market intelligence platform that provides property valuations to market players.
Acquisition supports Dubizzle Group's strategy by broadening its product offering and enhancing the value that Bayut & dubizzle deliver to its real estate agency and developer clients.
In February, Dubizzle acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal value.
Press release:
Dubizzle Group, the MENA region's premier digital marketplace group, announces today the acquisition of Property Monitor, a leading real-estate market intelligence platform in the UAE.
The acquisition of Property Monitor reinforces Dubizzle Group's leadership in real estate classifieds and technology through a portfolio of market-leading brands, including Bayut and dubizzle. Integrating Property Monitor into Dubizzle Group's real estate offering enhances the value proposition for agencies and developers by delivering a more comprehensive and data-rich user experience.
As one of the leading market intelligence providers in the UAE, Property Monitor enables key industry players to make data-driven decisions through PMiQ, its SaaS-based platform, and other products, including API integration, market reports and automated valuations. With a premier client base which includes the UAE's leading real estate agencies and developers, it has established itself as a critical tool within the UAE real estate ecosystem for property data, analytics and insights. Dubizzle Group plans to enhance Property Monitor's product suite by incorporating demand-side data, creating avenues for deeper client engagement.
Property Monitor achieved a revenue CAGR of 55% from 2022 to 2024 and attracts more than 7,700 monthly users, primarily real estate agencies and property developers.
'We are delighted to welcome Property Monitor to the Dubizzle Group real estate portfolio. As a trusted and respected brand in the UAE, Property Monitor complements our market-leading platforms Bayut and dubizzle. This acquisition unlocks new opportunities to enhance the value that Bayut and dubizzle deliver to real estate agents and developers, while reinforcing Dubizzle Group's position as a leading destination for real estate classifieds in the UAE. It also reflects our broader strategy of targeted acquisitions that strengthen our ability to deliver an exceptional user experience across the region's real estate and automotive sectors," said Haider Ali Khan, CEO of Dubizzle Group – UAE.
The announcement marks Dubizzle Group's third acquisition in two years, building on continued expansion in the digital marketplace space in the MENA region. In 2024, Dubizzle Group acquired Hatla2ee, a leading marketplace in Egypt for used and new cars. The Group also acquired Drive Arabia, a leading source for automotive news, reviews and car comparisons in the Middle East, to broaden its offering for car buyers and its advertising capability for automotive manufacturers.
The acquisition of Property Monitor reflects Dubizzle Group's strategic approach to M&A—targeting complementary businesses in the MENA region that strengthen the Group's position within the real estate and automotive ecosystem, deepen the overall product offering and enhance the experience for users and clients.
Dubizzle Group's flagship platforms—dubizzle and Bayut—are market leaders across the UAE, Saudi Arabia, and Egypt, with a strong presence in several other MENA countries. With over 47 million monthly visits and 15 million monthly users, Dubizzle Group's portals are the region's go-to destinations for online classifieds.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Roya News
10 hours ago
- Roya News
Australian engineer freed from Iraqi prison after four years
After spending more than four years in an Iraqi prison, Australian engineer Robert Pether has been granted a conditional release — a development welcomed by his family and supporters. Pether, 50, was arrested in 2021 alongside a colleague over a contract dispute involving their employer, CME Consulting, and the Central Bank of Iraq. The pair were later convicted of fraud and sentenced to five years in prison and a USD 12 million fine. However, the UN has described Pether's detention as arbitrary and in violation of international law, while a 2022 ruling by the International Chamber of Commerce found the Iraqi central bank to be at fault in the business dispute. Pether's wife, Desree, who lives in Ireland with the couple's family, described the news as a moment of mixed emotions. 'It's the first time in over four years that we've taken one step in the right direction,' she told the BBC. 'There's a tiny glimmer of hope, but there's another mountain still to go over. He needs to be home and in hospital.' According to Desree, her husband is in poor health after years of incarceration. He is unable to keep food down and has reportedly not eaten properly in months. She also raised concerns that he may be suffering a relapse of skin cancer. 'He's unrecognisable. If he got on a plane now and they were checking his passport, they would not know it was the same person,' she said. Although freed from prison, Pether is still facing legal proceedings in Iraq and remains under a travel ban. The family has now launched a crowdfunding campaign in the hopes of securing private hospital treatment for him in Baghdad. Australian Foreign Minister Penny Wong described the release as a "positive development" following years of advocacy. "I know the personal toll Mr Pether's detention has taken on him and his family and hope this news brings a measure of relief after years of distress," she said, adding that Australia remains concerned about his health and the unresolved legal matters. Ireland's Deputy Prime Minister Simon Harris also welcomed the news, saying that Iraq's Foreign Minister had personally confirmed Pether's release in a phone call. 'I welcomed this as a first step to his being allowed to return to his family in Roscommon,' Harris said. Pether had been living in County Roscommon prior to his arrest and had spent nearly a decade working in the Middle East. He was leading a major reconstruction project for the Central Bank's Baghdad headquarters when he and his Egyptian colleague Khalid Radwan were detained.
Roya News
a day ago
- Roya News
ECB cuts rate again facing growth, tariff woes
The European Central Bank's easing cycle reached the one-year mark Thursday when policymakers delivered another interest rate cut as concerns mount about the struggling eurozone economy and global trade tensions. The ECB cut its key deposit rate a quarter point to two percent, as widely expected, its seventh consecutive reduction and eighth since June last year when it began lowering borrowing costs. It also lowered its inflation forecast for 2025, with consumer price increases now expected to hit the central bank's two-percent target this year. With inflation under control following a post-pandemic surge, the ECB has shifted its focus to dialling back borrowing costs to boosting the beleaguered economies of the 20 countries that use the euro. US President Donald Trump's tariffs have added to an already uncertain outlook for the single-currency area, with Europe firmly in his crosshairs, fuelling fears about a heavy hit to the continent's exporters. Announcing the rate decision, the ECB struck a measured tone about the US levies and the potential for retaliation. It noted that the "uncertainty surrounding trade policies is expected to weigh on business investment and exports" but added that "rising government investment in defence and infrastructure will increasingly support growth over the medium term. "Higher real incomes and a robust labour market will allow households to spend more. Together with more favourable financing conditions, this should make the economy more resilient to global shocks." It left its growth forecast for 2025 unchanged at 0.9 percent. It also said inflation was now around target -- dropping previous language that it was "on track". Eurozone inflation came in at 1.9 percent in May. All eyes will now be on ECB President Christine Lagarde's post-meeting press conference for any hints that the Frankfurt-based institution might be gearing up to pause its cuts in July to take stock of developments, as some expect. The ECB's series of cuts stands in contrast to the US Federal Reserve, which has kept rates on hold recently amid fears that Trump's levies could stoke inflation in the world's top economy. Lagarde may also face questions on her own future after the Financial Times last week reported she had discussed leaving the ECB early to take the helm of the World Economic Forum, which organises the annual Davos gathering. The ECB has insisted that Lagarde is "determined" to finish her term, which ends in 2027. Tariff blitz Trump, who argues his tariffs will bring manufacturing jobs back to the United States, has already hit the EU with multiple waves of levies. The bloc currently faces a 10-percent "baseline" tariff as well as higher duties on specific sectors. He has paused even higher rates on the EU and other trading partners to allow for talks, but he continues to launch fresh salvos that are keeping the world on edge. This week he doubled tariffs on aluminium and steel from 25 to 50 percent and last month threatened the EU with an escalation if it did not negotiate a swift deal. For the ECB, it is a tricky task to protect the eurozone from the mercurial US president's trade policies while keeping inflation stable. Trump's tariffs are expected to exert downward pressure on eurozone inflation. This is due to factors including tariff-hit China redirecting inexpensive manufactured goods to Europe, recent strengthening of the euro and potentially lower energy prices. Lower inflation and slower growth should push the ECB to make further rate cuts. As a result, ING analyst Carsten Brzeski predicted Thursday's cut "will not be the last". "Not only did US President Donald Trump make the European economy great again -- for one quarter, as frontloading of exports and industrial production boosted economic activity -- he also made inflation almost disappear," he said. There are some factors that make this uncertain though.
Al Bawaba
2 days ago
- Al Bawaba
Emirates Environmental Group Celebrates the 28th Cycle of Emirates Recycling Awards to commemorate World Environment Day
Under the esteemed patronage and presence of H.H. Engr. Sheikh Salem bin Sultan bin Saqr Al Qasimi, the Emirates Environmental Group (EEG) proudly marked the 28th year of its Annual Emirates Recycling Awards on the occasion of World Environment Day, with a strong call to action to combat plastic pollution under this year's official theme, 'Ending Plastic Pollution.' The prestigious celebration was held at Dubai Knowledge Park and brought together a dynamic gathering of academic institutions, government entities, corporate leaders, diplomatic representatives, media, families and civil her opening address, EEG Co-Founder and Chairperson, Habiba Al Mar'ashi, emphasised the critical importance of the 2025 World Environment Day theme. She said 'Recycling is no longer optional—it is essential. As we stand at a critical juncture for our planet, the Emirates Recycling Awards reminds us that sustainability is a shared responsibility. Through our collective commitment to responsible waste management and environmental stewardship, we are actively shaping a greener, healthier future for generations to come.'She further lauded the UAE leadership for declaring 2025 as the 'Year of Community,' recognising the significance of uniting people through shared purpose. 'The spirit of community engagement and environmental action has always been at the core of EEG's work. As we celebrate this Year of Community, let us remember that real transformation begins with active, informed and united citizens. Environmental protection must be a collective endeavor,' she Emirates Recycling Awards are a cornerstone initiative that celebrates outstanding contributions to waste diversion and resource recovery. This year's awards underscored the far-reaching impact of EEG's robust recycling campaigns, which have tangibly reduced carbon emissions, conserved energy and protected precious natural Al Mar'ashi announced that in the past year, EEG collected and sent for recycling a total of 1,524,769 kilograms of recyclable waste and diverted them from ending in landfills, achieved through its multi-category campaigns across the UAE. These included:• Aluminum Cans: 32,833 kg• Paper: 1,173,494 kg• Printer Toners: 9,169 pcs• Plastic: 131,468 kg• Glass Bottles: 149,668 kg• Mobile Phones: 3,921 pcs• E-waste: 14,028 kg• Scrap Metals: 11,569 kgThese results highlight the measurable environmental gains and serve as a testament to the remarkable collaboration among UAE population, students, businesses and in Each Category:• Aluminum Cans Collection:o Academic: Higher College of Technology Fujairaho Individual/Family: Ibrahim Pashao Company/Institution: Emirates Flight Catering• Paper Collection:o Academic: Gems Modern Academyo Individual/Family: Sultan Ali Alzaabio Company/Institution: Department of Finance Abu Dhabi• Toner Cartridges Collection:o Individual/Family: Pavan Jolly Pratheesho Company/Institution: Besix Construct LLC• Plastic Collection:o Academic: Our Own High School, Dubaio Individual/Family: Ali Darwish Mubarak Salim Alzaabio Company/Institution: Abela & Co• Glass Bottles Collection:o Academic: The Arbor Schoolo Individual/Family: Mariah Mubarako Company/Institution: Dubai World Trade Centre• Mobile Phones Collection:o Academic: Our Own High School, Dubaio Individual/Family: Amal Saeed Al Shamsio Company/Institution: Dubai Public Prosecution• E-Waste Collection:o Academic: Delhi Private School Dubaio Individual/Family: Muneera Darwish Alzaabio Company/Institution: Jaleel Holdings LLC• Scrap Metals Collection:o Academic: Sultan Bin Zayed School Al Aino Individual/Family: Fateem Ali Alzaabio Company/Institution: Marco Polo HotelMrs. Al Mar'ashi extended heartfelt appreciation to the sponsors and partners who contributed effectively to the success of the awarding ceremony. Special thanks were given to:• Silver Sponsors: McDonald's UAE and Acer• Event Host: Dubai Knowledge Park• In-Kind Sponsors:o Almaraio Brother Internationalo ITL Cosmoso Nikai Group of CompaniesAdditionally, she acknowledged the participating hotels that generously offered hospitality vouchers to the award winners. In her concluding message, Mrs. Al Mar'ashi called upon all segments of society to make sustainable practices a daily priority. 'Let us honour the Year of Community by working hand-in-hand to safeguard our environment. Every action counts. Let's continue to support initiatives that ensure a greener and healthier future for generations to come,' she urged.
