Dubai-based property platform Bayut expands to Saudi Arabia

The real estate market has always been one of the largest sectors across the Middle East. And there are supporting property websites like Property Finder, which allow for the easy discovery of apartments, villas and other properties.

Recently, Property Finder has been on an acquisition spree after raising $120 million in late 2018, acquiring smaller competitors in Dubai, Bahrain, and a larger stake in Turkish property website, Zingat.

However, Property Finder is not the only active player in the real estate classifieds market. Emerging Markets Property Group, and its daughter company Bayut, have recently raised $100 million with the same aim.

They announced their expansion into the Saudi market with a dedicated Bayut.sa domain. With the expansion, Bayut is taking on Property Finder’s eSimSar, which is currently one of the larger property portals in the Kingdom.

The announcement might not come as a complete surprise, as it comes a month after Bayut acquired property website Lamudi, which has a presence in the United Arab Emirates, Jordan, and – you guessed it – Saudi Arabia.

Lamudi’s Saudi website, Lamudi.sa, is now no longer active, but redirects to Bayut.sa. Read more about the competition in the property portal industry and the expansion of Bayut into Saudi Arabia here.