Zameen group acquires the biggest property portal in Morocco – Research Snipers

Zameen group acquires the biggest property portal in Morocco

Zameen Group

Pakistan’s biggest online property portal Zameen’s parent organization “Emerging Markets Property Group” (EMPG) which is headquartered in Dubai has procured Morocco’s biggest property portal “Mubawab”. Zameen Group possesses and operates all the market driving property portal of Asia including Pakistan’s Zameen, Dubai’s Bayut, and Bproperty in Bangladesh.

Zameen.com was established in 2006 by two Pakistani business person siblings, Zeeshan and Imran Ali Khan. Following 10 years, in 2016, Zameen declared it had brought $20 million up in its series venture round. The venture at that point went into EMPG which later established UAE’s Bayut and Bproperty for Bangladesh. Zameen bunch was at first free for all sites yet later it moved to a paid model. The organization presently creates its wage by offering advertising space on its site and furthermore has a magazine.

Zameen Group’s most recent venture, Morocco’s biggest site, “Mubawab” was established in 2011 by business visionaries Kevin Gormand and Toni Puig. The organization has developed to wind up the biggest land site in Morocco. It has extended operations to a few urban communities and is currently enlisting solid development over all metrics, including income. The online property portal has likewise made a noteworthy brand presence in Morocco.

The CEO of Bayut and EMPG’s international expansion operation, Haider Ali Khan says,

“We believe Mubawab’s core strength is its people, and we are happy that they will continue to lead the charge. Kevin and Toni have built a great team, and they are the best people to carry the portal into this new phase of rapid development and consolidation under the EMPG umbrella, The Group will be injecting a substantial amount of funds and expertise into Mubawab, with the singular aim of driving exponential growth across all metrics.”

Kevin Gormand, the CEO of Mubawab, says,

“We are very excited about this partnership and see a clear path to consolidating the market in the near future. EMPG has done a fantastic job in similar markets and we look forward to leveraging the infrastructure and tools to help us achieve the same in Morocco.”

With Zameen Group financing the Mubawab’s organizers, the site will keep on leading the entryway as it infuses capital and presents its information driven methodology and innovation.

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Image via zameen.com