{"id":17818,"date":"2016-06-27T17:47:59","date_gmt":"2016-06-27T10:47:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=17818"},"modified":"2016-06-27T16:05:26","modified_gmt":"2016-06-27T09:05:26","slug":"propertyfinders-moroccan-arm-snaps-up-rival-firm-selektimmo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyfinders-moroccan-arm-snaps-up-rival-firm-selektimmo\/","title":{"rendered":"Propertyfinder's Moroccan arm snaps up rival firm Selektimmo"},"content":{"rendered":"


\nThe Moroccan unit of Dubai-based listings site Propertyfinder Group has bought a competitor for an undisclosed sum.The acquisition of the business known as Selektimmo will give the combined entity more than 1.5 million page views per month with over 50,000 property listings.Michael Lahyani, the founder and chief executive of Propertyfinder Group, said the deal “comes at a strategic time as we aim to consolidate our position as the leading online real estate portal across our markets”.The company claims to be market leader in five of the seven markets in which it operates.Emmanuelle Boleau, the founder of Selektimmo, said: “We believe this acquisition is the next logical step in the evolution of the online real estate sector in Morocco by providing scale to compete in a marketplace of over 30 million people.” Propertyfinder Group secured US$20 million (Dh73.5m) from venture capital backers led by Vostok new Ventures in January this year. Vostok bought a 10 per cent stake, valuing Propertfinder at $200m.Competitor JRD Group, which is behind the Justproperty brand, also secured funding from iMENA Group in August last year. iMena’s chairman, Khaldoon Tabaza, said that it planned to invest $25m in online real estate listings over the next two years and would make JRD Group “the cornerstone” of this investment.Dubizzle, a general online listings site with a property element, has been backed by South African venture capital firm Naspers. mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Propertyfinder’s Moroccan arm snaps up rival firm Selektimmo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Moroccan unit of Dubai-based listings site Propertyfinder Group has bought a competitor for an...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17818","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4Do","jetpack-related-posts":[{"id":1198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-propertyfinder-nets-20-million-from-sale-of-10-stake\/","url_meta":{"origin":17818,"position":0},"title":"Dubai’s Propertyfinder nets $20 million from sale of 10% stake","date":"January 12, 2016","format":false,"excerpt":"\r \r Dubai-based property portal Propertyfinder Group has sold a ten per cent stake in its business to Sweden-listed investment firm Vostok New Ventures for US$20 million.The deal, which gives Propertyfinder a $200m valuation, will allow the company to improve its portal to make searching easier and to develop a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vat-to-have-minimal-impact-on-rents-says-propertyfinder\/","url_meta":{"origin":17818,"position":1},"title":"VAT to have minimal impact on rents, says Propertyfinder","date":"December 17, 2017","format":false,"excerpt":"\r Propertyfinder Group says there is still confusion about residential and commercial building VAT exemptions\r \r Source : arabianbusiness.com\r Read more...VAT to have minimal impact on rents, says Propertyfinder","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-residents-prefer-to-rent-than-buy-homes-turned-off-by-high-prices-propertyfinder-survey\/","url_meta":{"origin":17818,"position":2},"title":"UAE residents prefer to rent than buy homes, turned off by high prices – Propertyfinder survey","date":"July 17, 2016","format":false,"excerpt":"\r High house prices and deposit requirements mean that more than two thirds of people living in the UAE rent their homes rather than buy them according to new survey.According to a poll of around 11,000 UAE residents carried out by property website Propertyfinder, 70 per cent said of respondents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ramadan-unlikely-to-dent-demand-for-dubai-real-estate\/","url_meta":{"origin":17818,"position":3},"title":"Ramadan unlikely to dent demand for Dubai real estate","date":"May 23, 2017","format":false,"excerpt":"\r Current prices and rents will prove \u2018too tempting\u2019 to resist, feels Propertyfinder Group\r \r Source : arabianbusiness.com\r Read more...Ramadan unlikely to dent demand for Dubai real estate","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-residents-go-house-hunting-buyer-interest-at-two-year-high-says-propertyfinder-ae\/","url_meta":{"origin":17818,"position":4},"title":"UAE residents go house hunting: Buyer interest at two-year high, says propertyfinder.ae","date":"May 15, 2016","format":false,"excerpt":"\r Property portal propertyfinder.ae has said that buyer interest in new homes in the UAE is running at its highest level in two years, having increased by 28 per cent since January.The company said that property prices had fallen by 20-40 per cent in most parts of the country over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74492,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-rental-yields-remain-strong\/","url_meta":{"origin":17818,"position":5},"title":"UAE rental yields remain strong","date":"December 8, 2017","format":false,"excerpt":"\r Propertyfinder statistics show that yields per annum were as high as 9.6 percent in Ajman\r \r Source : arabianbusiness.com\r Read more...UAE rental yields remain strong","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17818"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=17818"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17818\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=17818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=17818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=17818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}