Big News in UAE Proptech as Property Finder Acquires Homevalue
Property Finder will benefit from the proptech’s data driven, AI-led solution for the value chain of residential real estate stakeholders.
Dubai’s real estate sector is thriving, with 2021 marking the emirate’s highest value of property transactions in 12 years. UAE-based Property Finder has been at the forefront of this boom and is now marking a new milestone, acquiring proptech Homevalue in a move that will not only diversify its product offering but add value to tenants, buyers and home-owners.
This strategic integration will facilitate the addition of Homevalue’s CEO, Fouad Bekker, and his team to the Property Finder team immediately with Bekkar taking on the role of vice president of Data and AI. Property Finder will leverage the proptech’s data driven, AI-led solution for the value chain of residential real estate stakeholders to enhance data and improve its analytical capabilities.
Led by former Facebook and Google executive, Ari Kesisoglu, Property Finder’s latest deal will provide the company with extensive regional data.
“As Property Finder, we are working hard to empower people in their home search journey. Offering people more data and insights is a big enabler for us in achieving our goals,” Kesisoglu explains. “We have the best property related data in the region and Fouad and his team have proved that they could create a lot of insight from data. Therefore, I am very excited about how we will be able to improve everyone’s home search journey with them joining our team.”
In 2021, Dubai’s real estate sector saw Dhs151.07bn worth of properties sold across more than 61,241 transactions - the highest volume and value since 2013.