Entrepreneurs
How Bayut Became the Leading Property Portal in the UAE
Bayut has grown rapidly and become one of the most trusted property classifieds websites in the United Arab Emirates, part of the Dubizzle Group that is recognized as the first homegrown unicorn in the Arab region, transforming the real estate market with its innovative approach. The company was founded back in 2008 by the visionary brothers Imran and Zeeshan Ali Khan and Bayut is a seamless platform to property seekers. Bayut offers exhaustive listings and data-driven insights to property seekers. Here’s a journey of Bayut and how it has contributed to shaping the landscape of real estate in the UAE.
Bayut was founded in 2008 by Imran Ali Khan and Zeeshan Ali Khan, the two brothers who changed the face of the UAE property market by initiating the property revolution in the UAE. Having found great success with the portal in Pakistan, Zameen.com’s founders decided to bring their expertise to the United Arab Emirates. They launched Bayut, a concept still relatively new to the region, hoping to give more transparent, reliable, and user-friendly property listings. Since its inception, the website aimed to deliver the most intuitively easy property search experience for the buyer, the renter, and the investor. Users can now easily browse residential, commercial, and off-plan properties across all emirates from Bayut’s listings. Its professional photographs along with accurate data make listings comprehensive, thus enabling users to have all the information needed to make a decision.
In 2014, Haider Ali Khan came to Bayut as the CEO, bringing along with him vast experiences of the United States. In Haider’s tenure, Bayut had experienced a milestone as he brought growth strategies through the utilization of data and technology and customer-centric solutions. He envisioned that Bayut should be the leading source of real estate in the UAE market and indeed managed to expand this presence significantly in the market. Beyond Bayut, Haider Ali Khan also contributed to the overall action of the UAE’s real estate market. He was the chief executive officer of Dubizzle, the largest online classifieds website in the UAE, as well as the leader of the bigger Dubizzle Group across the MENA region. Under his leadership, Bayut and Dubizzle became significant digital players in the UAE capable of offering a complete solution for property buying and selling, as well as renting.
Parent company of Bayut, the Emerging Markets Property Group which is now referred to as the Dubizzle Group, declared a merger with Netherlands-based OLX Group in April 2020. The operations merged from a total of operations in several countries, including the UAE, Egypt, Lebanon, Saudi Arabia, Kuwait, Qatar, Bahrain, Pakistan, and Oman. It also included the consolidation of OLX-owned Dubai-based classifieds website, Dubizzle. The strategic merger which Bayut did was a major milestone in the company’s journey since it emerged expanded and better reached out through a more comprehensive and diverse number of listings across the region. Also following the merger, shared technology, resources, and data capabilities also ensued thus helping Bayut provide its users with an even better experience.
Bayut has managed to stay in that long run of top list with its fantastic achievement in January 2022, when the real estate company signed a memorandum of understanding with the Dubai Land Department. This same deal is to be confirmed, which will provide a real estate market with interactive data and reports, thereby making the property buying and selling process a transparent and informed one for both parties. The collaboration with the Dubai Land Department proved that Bayut strongly believed in the cause of creating a more informed real estate ecosystem. This potential to significantly assist the buyers, sellers, and investors in finding out everything they could about the prevailing trends in the market, prices of property, and emerging opportunities in Dubai through the interactive data and reports generated during this partnership was impressive.
Bayut stands ahead of the competition with its relentless pursuit of providing a seamless, easy-to-use experience. The Bayut website allows for advanced search filters, interactive maps, and details descriptions of the properties. This makes it easy to have the right perspective on finding exactly what is needed. It may range from a family villa in Dubai, a studio apartment in Abu Dhabi, or a commercial property in Sharjah. More importantly, Bayut is innovative as it is in terms of the incorporation of technology to drive user experience. Virtual tours and video walkthroughs, together with detailed floor plans, afford prospects a first-hand look at the properties all from the comfort of their home. Innovation has, therefore, been a critical imperative for Bayut that has helped it stay ahead of the game and still remain one of the prime property sites in the UAE.
Bayut is a subsidiary of the Dubizzle Group, formerly known as Emerging Markets Property Group. The Dubizzle Group is the first homegrown unicorn in the Arab region. This aspect represents the success that the group has achieved in dominating the online classifieds and real estate markets across the Middle East and North Africa. Bayut being part of the Dubizzle Group, is given a considerable amount of resources and expertise with access to the market as well. This enables Bayut to effectively improve its platform with respect to its constant aim toward getting at the top of the classifieds property industry. The excellence and innovation shown by the Dubizzle Group regarding its vision match Bayut’s ideal in producing a clear, efficient, and user-centric property marketplace.