{"id":1551,"date":"2018-08-20T17:58:00","date_gmt":"2018-08-20T17:58:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/08\/20\/bayut-raises-50-million-funding\/"},"modified":"2025-03-13T02:25:34","modified_gmt":"2025-03-13T02:25:34","slug":"bayut-raises-50-million-funding","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/08\/20\/bayut-raises-50-million-funding\/","title":{"rendered":"Real Estate Portal Bayut.com’s EMPG Raises $50 Million Funding"},"content":{"rendered":"

Bayut.com\u2019s parent company EMPG raises $50 million as part of a larger investment round<\/h2>\n

Emerging Markets Property Group (EMPG), the parent company of vastly successful property portals in the MENA and South Asia regions, has announced that it has wrapped up a first close of $50 million as part of a substantially larger investment round.<\/p>\n

<\/p>\n

In addition to Bayut.com in the UAE, EMPG owns and operates Zameen.com<\/a> in Pakistan, Bproperty.com<\/a> in Bangladesh, and recently announced its acquisition of Mubawab<\/a> in Morocco. The Pakistan, Bangladesh and Morocco portals are clear leaders in their respective markets, and Bayut.com, one of the top portals in the UAE with a lead in some geographies, is well on its way to achieving clear leadership<\/a> by December 2019.<\/p>\n

Haider Ali Khan, the CEO of Bayut.com, said $25 million of these funds would be deployed in the Emirates with a focus on further consolidation. \u201cThe remaining funds will be used to further strengthen EMPG\u2019s leading position in its other markets,\u201d he added.<\/p>\n

Together, these portals generate over 2 million leads for their clients every single month.<\/p>\n

\u201cEMPG\u2019s growth has been comprehensive across all metrics, on the back of some of the world\u2019s most advanced digital real estate platforms developed by our R&D teams,\u201d said Group CEO Imran Ali Khan.<\/p>\n

\u201cWith a compounded annual revenue growth rate of over 100% over the last five years, more than 15,000 real estate agencies, and 8 million-plus monthly visits across our portals, EMPG is ideally positioned for regional dominance,\u201d he added.<\/p>\n

EMPG has raised a total of $60 million in its four previous rounds, and the current round is its largest yet, bringing up the grand total to $110 million. The Group has a presence in 40 cities across the UAE, Pakistan, Bangladesh, Morocco, Spain and Romania with over 1,500 employees.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bayut.com\u2019s parent company EMPG raises $50 million as part of a larger investment round Emerging Markets Property Group (EMPG), the parent company of vastly successful property portals in the MENA and South Asia regions, has announced that it has wrapped up a first close of $50 million as part of a substantially larger investment round.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nReal Estate Portal Bayut.com's EMPG Raises $50 Million Funding<\/title>\n<meta name=\"description\" content=\"Haider Ali Khan, the CEO of\u00a0Bayut.com, said $25 million of these funds would be deployed in the Emirates with a focus on further consolidation. 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