Property Finder (company)
Property Finder is a multinational company headquartered in the United Arab Emirates. One of the largest real estate platforms in the Middle East, it encompasses online property websites, applications, and management tools. The company operates in six countries: the UAE, Egypt, Turkey, Saudi Arabia, Qatar, and Bahrain.
History
The company was launched in the UAE in 2005 as Al Bab World, a print real estate magazine. In 2007, the Australian REA Group Ltd acquired a 51% stake in the company, which was then renamed Property Finder. Property Finder was subsequently purchased in 2010 by its founders, Michael Lahyani and Renan Bordeau.In 2012, Property Finder launched its first international website in Qatar. In 2013, the company expanded into Bahrain and Egypt, then into Saudi Arabia in 2014, and, in 2017, into Turkey when the company acquired a 17% stake in the Turkish real estate portal "Zingat". Two years later, Property Finder's stake increased to approximately 40%.
In 2019, Property Finder acquired its UAE-based competitor, JRD Group, which operates "JustProperty", In 2022, it acquired Dubai-based "Homevalue", fully integrating the startup's business and products.