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In 2007, Propertyfinder became the UAE’s first online real estate catalog. The interface allows visitors to browse for free over 80,000 residential and commercial properties, posted by over 500 real estate agents in UAE, Bahrain, Qatar and Egypt. Users can filter their searches for price, location and size. Real estate agencies and developers profit from Propertyfinder’s one million monthly views, which generate over 120,000 leads for their businesses. More than an online catalogue, Propertyfinder also publishes its own real estate tips and quarterly industry reports, as well as ‘Prestige,’ its luxury real estate magazine.
PF was listed as the third best SME in Dubai in 2012, won the Arabia Fast Growth 500 award in 2012, and took the Online Business of the Year title in the 2013 Gulf Capital SMEinfo Awards. Its recognizable brand as resulted in a 95% client membership renewal rate. Michael and his team have also developed strong relationships throughout the booming UAE real estate industry. After expanding into Lebanon, PF acquired its competitor , realestate.com.lb to ensure it remained the premier property portal.
In the coming years, Propertyfinder intends to expand throughout the Middle East, particularly to the region’s most lucrative markets, Saudi Arabia and Egypt. Michael has demonstrated his taste and expertise in crafting a luxury brand, in addition to a resolve that enabled him to weather the global financial crisis.
Middle East real estate classifieds website Property Finder raised $120 million from General Atlantic, with participation from Endeavor …
The Dubai-based property portal Propertyfinder Group, founded by entrepreneur Michael Lahyani, has sold a ten percent stake in …
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