Wednesday 10 December 2014

BECO Capital increases its stake in propertyfinder

Following aggressive expansion in the region, going from two to seven markets in 12 months, propertyfinder’s lead investor, BECO Capital, has committed to further funding of the leading property site in the MENA region.

The additional funding will be used to develop the product and tech team and intensify the sales and operations in key markets such as Saudi Arabia.

propertyfinder employs 120 people across 7 markets and recently moved into a brand new 8,000 sq. ft. office in Dubai Media City.

Established in 2007, the Propertyfinder Group owns and operates market-leading real estate portals across the region. Available in both English and Arabic, our websites provide visitors with comprehensive search facilities covering residential and commercial properties, real estate news, home advice and buying and selling guides, whilst agents enjoy access to the region’s largest potential audience of property seekers.

Current propertyfinder traffic statistics show us as a leader in the industry with 1 million visitors and 150,000 enquiries per month. Visits have grown by over 105% in the last 12 months and an impressive 298% in the last two years.

A winner of the ‘Enterprise Agility Awards’, ‘Dubai SME 100’ for the second consecutive cycle, the SMEinfo ‘Online Business of the Year’ and the Arabian Business Start-Up ‘SME of the Year’ titles and the ‘Arabia Fast Growth 500’ award in 2012 and with a presence in the UAE, Qatar, Egypt, Lebanon, Bahrain, Morocco and Saudi Arabia, the propertyfinder group is one of the fastest growing companies in the region. 

The Group aims to be in a total of nine countries, with a focus on the GCC and other parts of the Middle East in the coming months.

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