Latest news with #Bayut
Zawya
29-05-2025
- Business
- Zawya
Bayut achieves 100% compliance with Abu Dhabi Real Estate Centre Regulations
Abu Dhabi, United Arab Emirates – Bayut, the UAE's leading PropTech platform and a regional pioneer in artificial intelligence and machine learning applications for real estate, has announced it has achieved 100% compliance with the regulatory requirements issued by the Abu Dhabi Real Estate Centre (ADREC). This milestone highlights Bayut's continued leadership in shaping a more transparent, credible, and technologically advanced real estate ecosystem in Abu Dhabi. The announcement aligns with the launch of 'Madmoun', the GCC's first government-led Multiple Listing Service (MLS), introduced by ADREC to enhance transactional reliability and elevate listing verification standards. Through Madmoun, only valid properties—listed by a maximum of three licensed brokers—will be allowed on the market, marking a landmark step in regulating the emirate's property landscape. The team at ADREC has also welcomed Bayut's 100% compliance milestone with great enthusiasm, viewing it as a key signal of market readiness to adopt technology-driven regulatory frameworks. Bayut has been at the forefront of integrating cutting-edge AI and machine learning models to eliminate listing inaccuracies and promote trust. Tools like TruBroker™ have become industry benchmarks for property authentication, giving users confidence in the availability and accuracy of listings. These AI-driven tools are further supported by human review systems, ensuring that every listing meets Bayut's market-leading quality and compliance criteria. Commenting on the announcement, Haider Ali Khan, CEO of Bayut and CEO of Dubizzle Group in MENA, said: 'Achieving full compliance with ADREC's regulations is not just a regulatory milestone—it is a testament to our tech-first mindset and relentless drive to raise the bar for PropTech standards in the region. At Bayut, we are harnessing the power of AI, data science and automation not just to meet industry requirements, but to shape what the future of real estate should look like: smart, safe, and transparent. We commend ADREC's visionary Madmoun initiative, which aligns perfectly with our mission to deliver credibility and innovation at scale.' This achievement builds on the strategic partnership signed between Bayut and ADREC in 2024, focused on fostering deeper public-private collaboration to enhance data accuracy and elevate digital infrastructure within Abu Dhabi's real estate sector. As the PropTech landscape evolves, Bayut remains committed to being the regional benchmark for AI-led real estate platforms, championing innovation that serves the interests of investors, agencies, developers and end-users alike. With a robust team of engineers, data scientists and compliance experts, Bayut continues to drive the transformation of real estate through technology that leads, not follows.
Business Recorder
05-05-2025
- Automotive
- Business Recorder
What Pakistani-founded Dubizzle Group's recent acquisitions mean for potential UAE IPO
Pakistani-founded, Dubai-based Dubizzle Group - an online marketplace giant whose well-known brands include the property website Bayut and the buying and selling platform dubizzle - recently acquired Property Monitor. The move comes amid buzz of an initial public offering (IPO) in the UAE that could be valued between $500 million and $1 billion. The group was founded by Pakistani brothers Imran and Zeeshan Ali Khan. They co-founded real estate portal in 2006, which later evolved into the Dubizzle Group and which also includes online marketplace OLX Pakistan. A third brother, Haider, joined the venture in 2014. In 2022 the group raised $200 million in a funding round led by US-based Affinity Partners. According to a statement announcing the acquisition, Property Monitor - which offers real estate data, analytics and insights - achieved revenue CAGR of 55% from 2022 to 2024 and attracts more than 7,700 monthly users, primarily real estate agencies and property developers. The idea is that this data will make Dubizzle Group's own offerings more attractive. 'As a trusted and respected brand in the UAE, Property Monitor complements our market-leading platforms Bayut and dubizzle,' the statement quoted Haider, who is CEO of Dubizzle Group – UAE, as saying. Haider added in the statement that the recent move '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.' 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 February this year, it completed the acquisition of Hatla2ee, a marketplace in Egypt for used and new cars. Last year, it acquired Drive Arabia - a 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 group said the acquisition of Property Monitor reflects its strategic approach to M&A – targeting complementary businesses in the MENA region. But that's not all. 'This, and other acquisitions, once integrated, should also help in presenting a robust equity story and track record to potential investors for an eventual IPO,' Adnan Fazli, Middle East Capital Market specialist, told Business Recorder. 'The transaction represents acquisitive growth to help establish competitive advantage in the real estate sector and provide scale to the business,' he added. Meanwhile George Pavel, general manager at trading platform Middle East, said that the acquisition 'is particularly relevant given Dubizzle Group's widely reported IPO plans for 2025.' 'Incorporating Property Monitor enhances Dubizzle's financial profile and growth narrative. This could position the group more firmly as a data-centric technology leader, potentially justifying a higher valuation in its anticipated public offering,' he told Business Recorder. 'A key objective is to merge Property Monitor's comprehensive transaction and supply-side data with the extensive user demand insights derived from Dubizzle's classifieds platforms. This synergy could increase the value delivered to clients like real estate agencies and developers.' he added. The IPO buzz In October 2024 it was reported that Dubizzle Group had mandated Emirates NBD, Goldman Sachs, HSBC and Morgan Stanley for an IPO expected to take place this year. More recently, on April 25 2025, Bloomberg reported that the group is 'sounding out equity investors over the coming weeks and is set to meet investors ahead of a potential IPO', citing people familiar with the matter, who also said the company has been planning a floatation since 2023, and has previously done similar rounds of outreach. Details such as its size and timing are still under discussion, though some of the people said it could raise at least $500 million from a listing, Bloomberg said, adding that representatives for Dubizzle declined to comment. Previous reports have said the valuation could go as high as $1 billion. Meanwhile, the report cited people familiar as saying that competing online portal Property Finder has also been sounding out equity investors on a so-called 'non-deal roadshow'. Property Finder's investor meetings are also laying the groundwork for an eventual IPO, they said. 'The investor push comes amid the continued strength of Dubai's real estate market, where property prices have risen more than 70% in the past four years,' Bloomberg said. Dubai Holding, an investment vehicle owned by the emirate's ruler, is also weighing a listing of two separate real estate portfolios to capitalize on this boom, it added. Meanwhile, stock markets in the UAE are expected to receive between six to eight IPOs this year, with companies raising up to $10 billion amid strong investor appetite, the chief executive of Emirates NBD Capital said in March. Copyright Business Recorder, 2025
Al Etihad
04-05-2025
- Business
- Al Etihad
Abu Dhabi realty begins 2025 on strong footing with robust transaction numbers
5 May 2025 00:44 SARA ALZAABI (ABU DHABI)Abu Dhabi's real estate market began 2025 with growing transaction numbers, reflecting healthy investor confidence, according to a report by Bayut, the UAE's leading property upward trend follows the year of 2024, which recorded 28,249 property transactions, a 24.2% year-on-year increase, with a combined transaction value of Dh96.2 to Bayut's newly released Q1 2025 market report, foreign direct investment into Abu Dhabi's real estate sector stands at Dh7.86 billion, with capital inflows from over 2,300 international investors spanning 105 report mentioned the launch of 38 new off-plan developments and the delivery of 12 landmark projects, which further expanded Abu Dhabi's real estate to Bayut's analysis, the first quarter showed persistent popularity among budget buyers for areas like Al Reef, Al Ghadeer, Khalifa City, and Al the other hand, demand surged in the mid-market segment, with areas such as Al Reem Island, Masdar City, and Al Raha Gardens being targeted by buyers that value amenities and decent aspirational buyers, Yas Island, Saadiyat Island, and Al Raha Beach remained the foremost waterfront investment mid-market segment, which saw healthy search activity in Al Reem Island, Masdar City, Baniyas, Al Samha and Al Raha Gardens, demonstrated a robust performance, reassuring investors about market stability. Apartments in the mid-range sector witnessed price increases of up to 4%, while villa prices saw more moderate appreciations. Worthy of particular note was Al Samha reporting a price increase of 7.20%.In the affordable apartment category, Al Reef and Al Ghadeer have witnessed exceptional rental yields of 8.38% and 9.95%, mid-market apartment communities, including Al Reem Island, Baniyas and Masdar City, also provided solid returns ranging from 5.57% to 7.60%.Higher-end apartments in Al Raha Beach, Yas Island and Saadiyat Island have produced rental returns of between 3.88% and 7.37%.As for the villa segment, Al Reef leads the affordable category with a robust return of investment of 6.45%. Mid-tier villa communities such as Al Raha Gardens and Al Samha provided healthy returns between 5% and 7%. Premium villa destinations, including Yas Island, Saadiyat Island and Al Raha Beach, remained attractive to investors with yields exceeding 4.55%.
Saudi Gazette
01-05-2025
- Business
- Saudi Gazette
Introducing Bayut Workshops: Helping you pave the way
Bayut, being a pioneer in the real estate industry, has expanded its operations across the region since its launch in the UAE in 2008. In early 2024, Bayut launched in Saudi Arabia, with a massive impact on the market and providing its customers with an elevated home searching experience. has reached 13 millions visits on its platforms in its year in Saudi Arabia. Having made a difference in the customer's experience, has launched Bayut Workshops here in KSA, with the aim of helping real estate agents learn more about the industry and transform their experience. What is Bayut Workshops? Bayut Workshops was launched in the UAE in 2017 as an in-house training program for real estate agents of all levels of expertise. It offers informative courses for up to 40 agents per course, helping them advance their skills and knowledge of the field, as well as offers a fantastic networking opportunity for the agents. Now, Bayut Workshops is the go-to place for all real estate agents in KSA, having developed a solid reputation amongst real estate professionals. Bayut Workshops's Launch in KSA has made the move to launch Bayut Workshops in 2025. It's a transformative initiative brought to help agents, big in the field or just starting out, truly stand out and help foster network-building connections. We were honoured to have Ahmed Al-Faqih, Mohammed Al-Waseet, Youssef Al-Dossari, Asma Alolayin and Luluah Alamar as some of our first trainers. With many years of real estate experience, their knowledge of the industry and teaching skills were the perfect starting point for Bayut Workshops in KSA. What will Agents get out of Bayut Workshops? It's a one-of-a-kind program in KSA that will provide agents with all the information and insider tips that they will need to excel in their careers. Attending Bayut Workshops different courses, the agents will further build their skills, from phone skills to closing techniques, in order to benefit both, them and their clients. There are beginner courses, as well as more advanced courses available for all agents to take part in. At the end of every course, agents will receive a certificate attesting to their completion of a Bayut Workshops course, which will be a great addition to both their learning curve, along with their resumes. FAQs Who can attend Bayut Workshops? Agents with all levels of expertise can attend the Bayut Workshop courses! How can you register to Bayut Workshops? Real estate agent. And all they have to do is visit the Bayut Workshops page ( and book any of the available courses. When will the Next Bayut Workshop Take Place? We've five workshops available in May. Visit to book your seat now.
Mid East Info
25-04-2025
- Business
- Mid East Info
Sharjah's Island Property Market Draws Hundreds of Investors - Middle East Business News and Information
Ajmal Makan to Unveil Waterfront Projects as Demand for Coastal Living Grows SHARJAH, UAE – With growing appetite for high-end coastal real estate in the UAE, Ajmal Makan Real Estate Development is set to host an exclusive showcase of its flagship island developments, underlining Sharjah's transformation into a luxury waterfront destination. International and regional investors and homebuyers are turning their focus to Sharjah's coastal real estate market, as hundreds attended a showcase by Ajmal Makan Real Estate Development today, featuring new island-based residential projects within its Dh25 billion master-planned city. The showcase has presented Al Thuraya Island, The View Island, and Blue Beach Residence, all part of Ajmal Makan City – Sharjah Waterfront. Spanning 60 million square feet and designed to accommodate over 60,000 residents across eight islands, the development is one of the largest mixed-use waterfront projects in the Northern Emirates. 'The demand for waterfront properties in Sharjah is accelerating, driven by limited supply and a growing interest in lifestyle-led investments,' said Sultan Al Shakrah, CEO of Ajmal Makan Real Estate Development. 'Through this event, we're offering a first-hand look at projects that represent not only architectural excellence but also long-term value and community-building.' As investors increasingly shift their focus to Sharjah's emerging premium locations, Ajmal Makan's integrated island communities offer a unique proposition: private island living, strong rental yields, and a sustainable lifestyle set against expansive beaches and green space. Sharjah's Real Estate Momentum: Sharjah's real estate sector has seen steady growth, with increasing interest from both domestic and international buyers. With hundreds of investors registered and strong interest from both regional and international buyers, Ajmal Makan's event is set to spotlight Sharjah's rising position in the luxury waterfront real estate scene . From capital appreciation potential to strategic coastal expansion, this is a timely story on how Sharjah is turning global investor heads. Approximately 60% of buyers at the event are end-users, while 40% are investors targeting rental yields and long-term appreciation. Nationalities represented include buyers from the UAE, GCC, India, Pakistan, Russia, China, and Europe. Meeting UAE's Rising Demand for Waterfront Living: Across the UAE, coastal properties are in high demand. According to Property Monitor, waterfront residences have seen a 17% year-on-year price increase, while select areas in Sharjah have recorded up to 20% growth. Sharjah remains one of the few emirates offering freehold beachfront ownership to all nationalities—a key factor attracting global investors seeking both capital growth and lifestyle appeal. Rental yields for waterfront properties in Sharjah are estimated between 5%–8%, according to Bayut & dubizzle, further positioning Ajmal Makan as a compelling investment. 'This is exactly where Ajmal Makan delivers—blending exclusivity, community, and accessibility into a future-ready model for coastal living,' added Al Shakrah. Repeat Buyer Confidence: A notable share of attendees are expected to be repeat buyers—investors who participated in earlier phases such as Sun Island and Blue Bay Walk. With Phase 1 and 2 of earlier launches sold out, the event underscores rising confidence in Ajmal Makan's long-term vision and Sharjah's real estate future. As waterfront property becomes increasingly scarce, Ajmal Makan City positions itself as a blueprint for sustainable, high-end urban development—blending private island living with economic and lifestyle opportunities. About AJMAL MAKAN Real Estate Development: AJMAL MAKAN Real Estate Development is a visionary property developer in the UAE, committed to redefining the real estate landscape. With a focus on integrating cutting-edge design, eco-friendly practices, and community-centric amenities, AJMAL MAKAN sets new benchmarks in integrating modern architecture with natural surroundings. With an extensive range of projects including waterfront villas, townhouses, and premium beachfront apartments, AJMAL MAKAN is dedicated to setting new benchmarks in sustainable urban living while contributing to Sharjah's reputation as a hub for world-class real estate.
