Confirming Dubai’s position as a global destination for investment and innovation.
The merger of “Homes & Dubizzle” opens its new headquarters in the Dubai Design District.
The choice of Dubai as the headquarters for the billionaire company reflects its position as a launching pad for the world’s leading startups.
– “Bayut” and “Dubizzle” started in Dubai .. and the deal solidifies the emirate’s position as a leading global destination for talent and emerging companies.
Ammar Al Malik: The supportive environment that Dubai provides and the business-friendly climate enhances its attractiveness as a first destination for various economic activities
Khadija Al Bastaki: The Dubai Design District provides great opportunities for cooperation and contribution to translating the UAE’s vision and strengthening its trends in the field of knowledge economy.
Haider Ali Khan: A step that would not have been possible without the great support provided by Dubai to the startup sector to help it grow and expand.
DUBAI, 28th October, 2019 (WAM) – In a move confirming Dubai’s position as an incubator for talented people and a global destination for investment and innovation, and as a venue for the launch of the world’s leading startups, Bayut & Dubizzle, the first billionaires specialized in the technology sector arising from the merger of two companies that originated in the UAE Today, it’s officially new headquarters in the Dubai Design District.
The opening of the headquarters came during a ceremony attended by Abdullah Belhoul, Chief Commercial Officer at TECOM Group, Ammar Al Malik, Executive Director of Dubai Internet City, Majid Al Marri, Executive Director of the Registration and Real Estate Services Sector at the Dubai Land Department, and Khadija Al Bastaki, Executive Director of the Dubai Design District. And Mohammed Khader Al-Dah, Director of Technical Affairs at the Dubai Land Department.
Emerging Markets Property Group, the owner of the Dubai-based Bayut platform, and the OLX Group, which owns the Dubizzle platform, announced the merging of their operations in the Middle East, North Africa and South Asia, to form a billion-billion company with a market value of 3.6. One billion dirhams (about one billion US dollars). As a result of this deal, EMPG will manage the two platforms, Dubizzle and Bayut, in the UAE, in addition to its global platforms such as Zameen in Pakistan, BProperty in Bangladesh, “Mubawab ” in Morocco and Tunisia, and “Kaidi “in Thailand.
All these assets are owned by the “EMPG” group, in addition to “Dubizzle” .. This merger also included the brands of the “OLX” group in Egypt, Lebanon, Pakistan and many countries of the Gulf Cooperation Council, to be added to the “EMB Group” Gee.
Ammar Al Malik, Executive Director of Dubai Internet City, congratulated Bayut and Dubizzle on the opening of the new headquarters for their merger, stressing that the supportive environment provided by Dubai and the business-friendly climate enhances its attractiveness as a first destination for the various economic activities, especially the one that relies heavily on the technological infrastructure that Dubai has surpassed in providing. : Show the merger of the two companies; Dubizzle and Bayut, earlier this year, revealed the enormous potential of technology companies, with the establishment of the local “Unicorn” company.
The two platforms started in Dubai Internet City as two start-ups, and their merger not only established a pioneering digital real estate platform, but also showed the great opportunities that the technology and innovation ecosystem in Dubai could provide.
Khadija Al Bastaki, Executive Director of Dubai Design District, welcomed the new integration headquarters to the neighborhood, and said: The Dubai Design District community includes a group of prominent local and international architects and interior designers who have contributed to the implementation of many distinguished real estate projects in Dubai.
Therefore, Dubai Design District is the ideal location for a joint “Homes and Dubizzle” office, through the great opportunities it offers for cooperation, creativity and collective participation in translating the UAE’s vision and strengthening its trends in the field of knowledge-based economy.
For his part, Haider Ali Khan, Head of EMPG Group in the Middle East and North Africa and CEO of the two platforms “Bayut” and “Dubizzle”, expressed his happiness with this step and his confidence in achieving more achievements during the next stage, and said: The opening of the new headquarters is a special moment for all of us in “eMBG”, “Bayut” and “Dubizzle” would not have been possible without the great support provided by the Emirate of Dubai to the emerging companies sector to help them grow and expand at the local and regional levels, which was reflected in the reputation of The emirate as a global destination for attracting talent, investments and innovation.
He added: Our new joint headquarters in the Dubai Design District will contribute to providing better service to our customers, raising levels of efficiency, in addition to enhancing the investment expansion strategies that they have started, to provide our services to more commercial sectors through the platforms that we manage from our headquarters in Dubai.
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