Bayut
 | |
Type of site | Online property portal |
|---|---|
| Available in | English, Arabic |
| Founded | 2008 |
| Headquarters | Dubai, United Arab Emirates |
| CEO | Haider Khan [1] |
| Industry | Real Estate & Internet Marketing |
| Employees | 200+ |
| Parent | Dubizzle Group (formerly EMPG) |
Bayut is a property classifieds website in the UAE. Bayut is a part of the Dubizzle Group, formerly known as Emerging Markets Property Group, which was the first homegrown Unicorn in the Arab region.[2]
History
Bayut was founded in 2008 by Imran Ali Khan and Zeeshan Ali Khan, following their launch of Zameen.com in Pakistan. In 2014, Haider Ali Khan moved to the UAE from the USA as the CEO of Bayut. Haider also leads the UAE’s largest online classifieds website, dubizzle, as the company’s CEO and as the MENA CEO of the wider Dubizzle Group.
In April 2020, Bayut's parent company and the Netherlands-based OLX Group announced the merger of their operations in the UAE, Egypt, Lebanon, Saudi Arabia, Kuwait, Qatar, Bahrain, Pakistan, and Oman, together with the OLX-owned Dubai-based classifieds website, dubizzle.[3][4]
In January 2022, the Dubai Land Department signed a memorandum of understanding with Bayut to provide Dubai’s real estate market with interactive data and reports.[5][6][7]
In March 2024, Bayut signed two Memorandum of Understandings with the Abu Dhabi Real Estate Centre (ADREC). The agreements aim to enhance transparency, efficiency, and decision-making in Abu Dhabi's real estate sector.[8]
References
- ^ Leon, Pamella de (2022-11-15). "Dubai-Based Emerging Markets Property Group, Owner Of Bayut And Dubizzle, Raises US$200 Million Ahead Of An IPO "In The Near Future"". Entrepreneur. Retrieved 2023-03-12.
- ^ Abbas, Waheed. "Arab World's sole unicorn is based in UAE". Khaleej Times. Retrieved 2023-12-14.
- ^ Godinho, Varun (2020-06-02). "EMPG and OLX Group merge MENA and South Asia operations to form $1bn Dubai-based tech company". Gulf Business. Retrieved 2020-08-17.
- ^ Staff, Entrepreneur Middle East (2020-06-03). "EMPG and OLX Group, Owners Of Dubai-Based Bayut And Dubizzle Respectively, Merge To Form Unicorn Company". Entrepreneur. Retrieved 2020-08-17.
- ^ Salian, Neesha (2022-04-22). "Bayut & dubizzle's Antonello Supino on harnessing the power of data". Retrieved 2023-03-12.
- ^ "DLD signs MoUs with Bayut, DXBinteract.com, and Property Finder". Construction Business News Middle East. 2022-01-24. Retrieved 2023-03-12.
- ^ "Want to Invest in Dubai Property? You Can Bank on Resourceful Data". The Economic Times. Retrieved 2023-03-12.
- ^ "Abu Dhabi Real Estate Centre partners with Bayut and Property Finder to enhance real estate efficiency". www.mediaoffice.abudhabi. Retrieved 2024-04-16.