Zameen.com Holds Pakistan Property Show in Dubai

Zameen.com, Pakistan’s leading real-estate portal, took Pakistani real-estate market to Dubai by conducing its first ever Expo in Dubai.

H.E. Sultan Butti Bin Mejren, Director General of Dubai Land Department inaugurated Zameen.com’s Pakistan Property Show at Za’abeel Hall 5 of the prestigious Dubai World Trade Centre.

The Ali Khan brothers including Mr. Haider Ali Khan, CEO of Bayut.com, Mr. Zeeshan Ali Khan, CEO of Zameen.com and Mr. Imran Ali Khan, CEO of EMPG greeted the esteemed guest at the venue.

Not to mention, Dubai is ranked second for highest value of international remittances to Pakistan.

Zameen said that the show is aimed at getting the Pakistani property market to Dubai to enhance investor’s trust in Pakistan’s real estate market.

Pakistan Property Show will not only build positive image of Pakistan but will also offer an opportunity for Pakistanis living abroad and the international investors to evaluate their options in Pakistan’s real estate market.

Expo was opened to public on during both days of the expo. The entry was free for visitors and more than 7,000 visitors and investors participated at the Expo.

The Pakistani realty market has been witnessing a boom over the last decade due to establishment of a diverse portfolio of gated communities with standards to match overseas Pakistanis experience of foreign living in modern cities.

With the additional shortfall of 10 million housing units the market sentiment can only remain bullish. Simply put the demand far exceeds the supply. The business has only one direction to go – upwards.

When asked about key objectives the Pakistan Property Show intends to achieve, the CEO Zameen.com Mr. Zeeshan Ali Khan said,

Simply put Pakistan Property Show is the key to full realization of the estimated US $700 billion Pakistani realty market. Overseas Pakistani worker remittances amount to US $19.3 billion. Pakistan Property Show will bring about two fundamental changes. Firstly it will vastly improve share of real estate in the remittances. Secondly it will help substantially grow foreign direct investment by attracting foreign investors and developer groups to Pakistan.

Sharing details of the exhibitors he further said,

We have about 50 exhibitors comprising leading developers and real estate brokerages participating in the Pakistan Property Show. They are showcasing a wholesome bouquet of properties from all across Pakistan – All the way from Peshawar, Islamabad, Lahore, Karachi to Gwadar and everything in-between. Overseas Pakistanis with varying preferences and budget ranges will be able to find something to their liking at the show. Foreign investors – both the go-slow and aim-big will equally have most secure and high yielding properties to choose from.

Mr. Haider Ali Khan, the CEO of Bayut.com – the most influential property portal in the UAE – said,

UAE is home to 1.5 million overseas Pakistanis. The economic significance of these numbers is the US $4.33 billion remittances per year that makes up for 22.367% of the yearly remittances from overseas Pakistanis globally. The only missing part of the equation was a platform that provides secure access to the Pakistani realty across Pakistan – Pakistan Property Show Dubai has today completed the equation.

Also present on the occasion was Mr. Imran Ali Khan, the CEO of EMPG. He said,

EMPG’s group companies across UAE, Pakistan and Bangladesh are helping the regional multi-trillion-dollar real estate industry realize its full potential. EMPG has successfully innovated a unique regional framework for collective economic growth that we hope will guide regional markets in other parts of the world.

Zameen.com is globally recognized as one of the most innovative and fast-growing property portals. Over 4.5 million monthly visitors from all over the world making Zameen.com the most trusted partner for making property decisions in Pakistan.

With the Pakistan Property Show, Zameen.com aims to promote a positive, progressive and investment-friendly Pakistan to the global community.

Here are some pictures from the Expo:

Zameen.com named among top 5 property portals in the world

One of Pakistan’s biggest property portals, Zameen.com, has been going strength to strength as it was recently named among top five real estate websites in the world.

Simon Baker, the founder of Property Portal Watch (PPW) and former chief executive officer of the REA Group, declared Zameen.com the 5th most effective real estate website across the globe on Wednesday.

The list included other international names such as the United Kingdom’s Rightmove, Australlia’s Realestate, United States’ Trulia and Brazil’s VivaReal.

During the four-day conference which was held in Bangkok, Zameen.com was praised for its data-driven approach and effective management techniques that ensured the portal’s success.

The conference welcomed representatives of 25 companies from across the world who shared their insights and products that are critical to the growth of property portals in the current scenario.

According to Baker, 8 to 10 thousand property websites are currently operating across the globe and the numbers is continuously growing with the passage of time.

Imran Ali Khan, the Co-founder and Co-CEO of Zameen.com, represented the portal at the conference.

The site was created in 2006 and is known today as the most reliable property website in Pakistan.

It has closed various ventures rounds in the recent past. The last venture round in January 2016 resulted in Zameen.com raising a whopping $20 million.

With these impressive achievements in hand, Zameen.com currently boasts a team of over 600 employees, 3.5 million monthly visits, 3 million property listings, more than 9,000 registered agencies, offices in 9 cities and presence in 30.

Bayut.com secures $20 million investment round

Funding comes from one of the company’s investors – a fund which focuses on frontier and emerging markets

Dubai: UAE-based Bayut.com has recently closed a $20 million investment as part of its Series C venture round.

The funding comes from one of Bayut’s current investors, a fund which focuses on frontier and emerging markets with over US$ 1 billion in assets under management.

The investment has gone into the parent company, EMPG, formerly Zamzama Property Group.

The company’s CEO, Haider Ali Khan, said the new investment would be a major asset for the portal as it seeks to establish a firm presence across the Middle East.

We have the top minds of the [industry] on board, some of the world’s most advanced proprietary scalable technology, and ample resources, all of which will contribute to the achievement of our goals.