$7 million in funding raised by Mubawab
Mubawab is a Morroco-based online platform in the real estate sector that enables users from purchasing and renting property in Morroco. The platform has managed to raise $7 million in funding from the UAE-based real estate group, Emerging Markets Property Group (EMPG).
Mubawab was founded in 2012, by its current Chief Executive Officer (CEO),Kevin Gormand, who shared: “I am proud of the group’s confidence in the project in Morocco in particular and in the Maghreb region in general. Mubawab is the first real estate website in Morocco thanks to a winning strategy that aims to support and satisfy all the involved parties in the Moroccan real estate sector.”
With this investment, Mubawab plans to accelerate its growth, as well as welcome new team members, and ultimately, their operations in the real estate sector.
Mubawab operates by posting ads, whether from individuals or professional groups, through its online platform. Mubawab claims to have two million visits to its site per month, in addition to more than 150,000 active advertisements.
“The work that we have been doing for years, through the implementation of strategic and ambitious projects, has added a lot to the entire real estate sector. In the future, we will continue the innovation cycle that aims to develop the sector,” Gormand shared.