Dubai: Smart Dubai has signed a partnership agreement with leading real estate portal Property Finder to promote the use of advanced technologies to enhance people’s real estate journey.
Smart Dubai first announced plans to partner with Property Finder in April 2019 as it launched the Dubai Data Private Sector Strategy and Policy, with the objective of creating new data products for the vital economic sector.
His Excellency Younus Al Nasser, Assistant Director General of Dubai Smart City Office, signed the Memorandum of Understanding (MoU) on behalf of Smart Dubai, with Michael Lahyani, General Manager of Property Finder FZ-LLC.
“Smart Dubai has a mandate to transform Dubai into a full-fledged smart city,” said His Excellency Younus Al Nasser. “With that in mind, we have committed ourselves to introducing advanced technologies into every sector and redesigning every aspect of people’s lives to make it easier and ensure their happiness. This agreement we are signing with Property Finder – a true leader in the real estate industry – will help bring more smart-city technology to the people of Dubai as they go about finding their perfect home in the city.”
“Bringing the public and private sectors together is essential to our strategies,” H.E. Younus Al Nasser continued. “It is crucial that we all work together to come up with innovative use cases for the city data we are compiling. By bringing advanced data technologies into the real estate sectors, Smart Dubai and Property Finder look forward to leading the region in terms of real estate, developing in-depth studies, formulating data-driven plans for the future, and implementing ground-breaking use cases.”
For his part, Michael Lahyani, said: “The partnership with Smart Dubai will continue to support our mission of being the leader in real estate data transformation and bringing more transparency and valuable information to the millions of property seekers visiting our platform each and every month. By utilising the various data sets from Smart Dubai and coupling them with our rich data sets, we will be able to create tools and offer more data to the consumers, which is needed to make better informed decisions during their real estate journey.”
The MoU stipulates that the two parties will work together to demonstrate the value from public and private sector data assets, by creating advanced real estate data products, in addition to conducting analysis and thought leadership projects. Furthermore, the agreement seeks to showcase the power of data science and the potential that can be achieved when cross-sector data teams work together.
Collaborating on these activities allows Smart Dubai and Property Finder to further the establishment of a more transparent and better functioning ecosystem. In turn, this can improve living conditions for the overall community and help to build upon the foundations laid out for sound economic. The partnership agreement will ultimately boost both parties’ reputation as the city’s leaders for city-wide market data, leading to future joint initiatives.
About Property Finder – www.propertyfinder.ae
Property Finder is the leading property portal in the MENA region and Turkey that facilitates the house-hunting journey for both buyers and renters.
Founded in 2007, the website has evolved over the years as the go-to platform for developers, real estate brokerages, and house hunters to make informed decisions on all things real estate.
A UAE-born start-up, Property Finder has branched out of the country’s shores and operates in a total of seven markets, including Qatar, Bahrain, Saudi Arabia, Lebanon, Egypt, and Morocco, and has a significant stake in the second-largest property portal in Turkey, which has over 6 million monthly visitors and more than 18,000 real estate agents.
US private equity firm General Atlantic led Property Finder’s latest round of investment of a total of $120 million in 2018. This is being used to hire further exceptional talent and investing in its technology and product capabilities.
The property portal employs over 450 employees globally, of which 204 people work out of its Dubai office, and generates over six million monthly visits as a Group.
In April 2019, Property Finder announced the acquisition of JRD Group, following an increased investment in Turkish portal Zingat.
In 2014, Property Finder acquired eSimsar.com, the top property portal in Saudi Arabia, while in 2013, the Group bought out realestate.com.lb, the number 1 property portal in Lebanon, and lastly, the acquisition of Selektimmo, a Moroccan portal, to pad out sarouty.ma, Property Finder’s Moroccan offering, in 2016.
About Smart Dubai
Smart Dubai is anchored in the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the happiest city on Earth. Collaborating with the private sector and government partners, Smart Dubai is the government office charged with facilitating Dubai’s citywide smart transformation, to empower, deliver, and promote an efficient, seamless, safe, and impactful city experience for residents and visitors.
Smart Dubai is committed to a collaborative and agile approach to the city’s smart transformation, one that favours strategic partnerships with the public and private sectors, as well as with academics, to design and implement services that use technology and innovation to make Dubai the happiest city on Earth.
For media enquiries, please contact Anna Lucas Southgate
anna@propertyfinder.ae
+971 55 115 9971
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