Classified ads website Dubizzle has announced its first-ever acquisition of two Dubai-based companies.
The first company, Masterkey, offers software that automates the day-to-day tasks of property management, brokerage and real estate development companies, managing their information in real time.
The second company, Airlist - which was built by Masterkey - seeks to connect real estate professionals around the world, and is designed for small and midsize companies to add, organise and publishing listing data in property portals across the region.
No value was disclosed for the acquisitions.
“We are excited to announce this collaboration with dubizzle, bringing together the immense knowledge and experience of all three companies to deliver an unrivalled property service to the UAE. The mission of Masterkey has always been to equip the industry with technology that unlocks the real estate potential in the market,” said Daniel Hart, CEO at Masterkey and founder of Airlist.