Property Finder has Acquired UAE's Homevalue
MENA-based Property Finder has announced the addition of Homevalue products to its portfolio through full acquisition.
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The MENA-based Real Estate firm Property Finder delves further into the world of PropTech, acquiring Dubai-based Homevalue. Through this power merger, Homevalue will be able to transfer its market and full-stack to Property Finders to act as one entity. Founded in 2019, HomeValue set forth to disrupt Real Estate Valuations with Instant, independent, and comprehensive valuations powered by Artificial Intelligence including market price, rental yield, holiday rental, market intelligence, and more. In this acquisition Property Finder has come close to providing a holistic Real Estate solution powered by next-gen Tech for every day use.
In 2021, a 50% YoY increase of VC investments backing the Real-Estate ecosystem in the UAE resulted in a new record-high for the sector. In the UAE and across Emerging Venture Markets Proptech startups are venturing with new solutions on property finding and financing, on-demand booking, and other supporting real estate technologies; with major rounds by UAE-based PropTech startups last year including Real Estate investment startup Stake and on-demand space booking platforms HotDesk and Short Stay Vacation Homes.
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By fully integrating Homevalue’s solutions, insights, and technology into Property Finder’s ecosystem, the company will enhance its capabilities to the buyers, tenants, and to the overall home-owners experience. The Homevalue team has built some of the most innovative data-driven PropTech solutions for the entire value chain of residential real estate. They will add a lot to Property Finder’s product offering by providing a depth of information that will be readily available to its audience right at their fingertips.
As markets evolve, customers will need more data to instill confidence in their decision-making and this goal is reflected in Property Finder’s calculated move. In addition to its existing in-house data solutions arm, Data Finder, Homevalue will be a strategic integration to the tech company’s product portfolio in bettering the data available and improving the analytical capabilities for customers, traders, and brokers. With this announcement, Fouad Bekkar, founder and CEO of Homevalue, and his team join the Property Finder team immediately. Fouad Bekkar takes on the role of vice president in charge of Data and A.I.
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