Latest news with #dubizzle
Al Bawaba
3 days ago
- Business
- Al Bawaba
Exclusive Partnership Between dubizzle and Paymob to Enhance User Experience and Advance Digital Payment Services
dubizzle (formerly OLX), Egypt's top online classifieds platform in Egypt and the MENA region, has announced a strategic partnership with Paymob, the leading financial services enabler in the MENA. By leveraging Paymob's advanced infrastructure and secure technology, this exclusive collaboration aims to streamline and empower digital payment capabilities across dubizzle's comes as part of dubizzle's ambitious vision to enhance its digital services and continuously elevate the user experience by offering flexible and secure payment solutions. These solutions aim to improve the platform's efficiency and keep pace with the rapid advancements in financial technology, aligning with the evolving needs of both the Egyptian and regional users will also be able to access instant digital payment options when purchasing featured ads, accelerating processes, and increasing efficiency for individuals, business owners, and commercial partners alike. The partnership was signed by Rayane Imad, Head of Advertising & Strategic Partnerships at dubizzle Egypt, and Gillan Shaaban, CCO at newly integrated e-payment service will also offer exclusive benefits tailored to merchants and small to medium-sized enterprises (SMEs), including customized financial solutions and promotions such as; card payments, Buy Now Pay Later plans and payment links, that enhances their digital presence. These tools are designed to streamline operations and provide advanced payment technologies that enable effective promotion of their products and services on dubizzle, ultimately boosting their market competitiveness. This partnership reflects dubizzle's vision as a customer centric platform, creating convenience and value for its users which positions dubizzle as a leading digital classifieds platform by offering forward-looking, world-class services. It reflects the company's support to Egypt and the region's shift towards a fully digital economy. This collaboration aligns with Dubizzle's approach of partnering with technology-driven players, in line with its vision to deliver innovative and efficient solutions that address local market needs and meet user expectations.
Zawya
3 days ago
- Business
- Zawya
Exclusive partnership between dubizzle and Paymob to enhance user experience and advance digital payment services
Cairo – dubizzle (formerly OLX), Egypt's top online classifieds platform in Egypt and the MENA region, has announced a strategic partnership with Paymob, the leading financial services enabler in the MENA. By leveraging Paymob's advanced infrastructure and secure technology, this exclusive collaboration aims to streamline and empower digital payment capabilities across dubizzle's platform. This comes as part of dubizzle's ambitious vision to enhance its digital services and continuously elevate the user experience by offering flexible and secure payment solutions. These solutions aim to improve the platform's efficiency and keep pace with the rapid advancements in financial technology, aligning with the evolving needs of both the Egyptian and regional markets. dubizzle users will also be able to access instant digital payment options when purchasing featured ads, accelerating processes, and increasing efficiency for individuals, business owners, and commercial partners alike. The partnership was signed by Rayane Imad, Head of Advertising & Strategic Partnerships at dubizzle Egypt, and Gillan Shaaban, CCO at Paymob. The newly integrated e-payment service will also offer exclusive benefits tailored to merchants and small to medium-sized enterprises (SMEs), including customized financial solutions and promotions such as; card payments, Buy Now Pay Later plans and payment links, that enhances their digital presence. These tools are designed to streamline operations and provide advanced payment technologies that enable effective promotion of their products and services on dubizzle, ultimately boosting their market competitiveness. This partnership reflects dubizzle's vision as a customer centric platform, creating convenience and value for its users which positions dubizzle as a leading digital classifieds platform by offering forward-looking, world-class services. It reflects the company's support to Egypt and the region's shift towards a fully digital economy. This collaboration aligns with Dubizzle's approach of partnering with technology-driven players, in line with its vision to deliver innovative and efficient solutions that address local market needs and meet user expectations. About dubizzle Egypt (formerly OLX): dubizzle Egypt is the country's top online classifieds platform, offering innovative solutions for buying and selling across various sectors, including properties, automotives, jobs, electronics, furniture, and services. Available via mobile app and web, the platform delivers an integrated, user-friendly experience powered by advanced tools. Trusted by leading companies in Egypt, dubizzle provides detailed performance analytics and premium customer support. The platform attracts over 17 million visits per month.
The National
08-05-2025
- Business
- The National
dubizzle reaches 500,000 verified users, marking a major milestone in platform trust and engagement
dubizzle, the UAE's favourite classifieds platform and part of Dubizzle Group, announced a major milestone in its journey toward building a safer and more transparent digital marketplace: the platform has officially surpassed 500,000 verified users. This achievement reflects dubizzle's continued commitment to providing a trusted, user-first experience across its platform. By prioritising safety, transparency and accountability through its user verification system, dubizzle has strengthened its position as the most reliable digital destination for buying, selling and connecting across a range of categories including classifieds, cars, property and jobs. "Crossing half a million verified users isn't just a milestone—it's proof that trust and transparency matter. We've built dubizzle to be a platform where users feel confident and in control, and verification plays a huge part in that. It's not just about safety—it's about creating smarter, more meaningful interactions for everyone who uses our ecosystem," said Haider Ali Khan, CEO of dubizzle and CEO of Dubizzle Group MENA. As the platform continues to expand, dubizzle remains steadfast in its commitment to innovation, user empowerment and marketplace transparency. Most recently, dubizzle launched 'Sell with AI', an advanced AI-powered tool that simplifies the ad-posting process while elevating user convenience and trust. By enhancing ad quality, streamlining moderation, and accelerating approvals, this feature is designed to boost user satisfaction and long-term engagement. With innovation at the heart of its mission, dubizzle continues to solidify its position as the UAE's go-to platform for trusted, seamless classifieds experiences.
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
Arabian Business
28-04-2025
- Business
- Arabian Business
Dubai's dubizzle launches new ‘Sell with AI' feature
Dubai-based online marketplace dubizzle has introduced 'Sell with AI,' a new artificial intelligence tool designed to enhance the user experience on its platform. The launch aligns with the vision of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, to establish Dubai as a global leader in AI innovation. dubizzle launches AI tool supporting Dubai's D33 Economic Agenda The initiative supports the Dubai Economic Agenda 'D33,' introduced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, which aims to accelerate innovation, digital transformation, and economic growth. 'At dubizzle, our mission is to continually elevate the experience for our users, keeping innovation at our core by leveraging the use of the latest tech and AI solutions, build products and features that address key pain points. Our new AI-based posting experience not only automates the ad creation process, but it also simplifies the interactions on our platform, setting a new standard for efficiency and quality,' Haider Khan, CEO of dubizzle and Dubizzle Group MENA and Board Member of the Dubai Chamber of Digital Economy said. 'This tool allows us to empower our users—whether individuals or businesses—with a seamless, highly intuitive experience, ensuring they can reach their audience faster and more effectively. We are proud to take this next step in our journey to making dubizzle the most trusted and efficient marketplace in the region,' Khan added. The new feature came during Dubai's AI Week and represents dubizzle's commitment to using advanced technology to improve convenience, trust, and efficiency across what it describes as the UAE's most trusted online marketplace.
