The recovery of the property sector in the UAE contributed the largest share to the increase in Dubizzle revenue by 27% in the first half of this year to $ 133 million, as this increase was more supported by the growth of real estate revenue in the Emirates by 39% and then car advertising, whose revenue rose in the first six months of the president. Executive Imran Ali Khan. He explained that the UAE market represents the primary market of the business because 89% of total revenue flows from it, as the company’s “Dubizzle” and “Bayut” websites are two well -known brands. He added that the company also works in addition to Egypt in the Saudi market and other wave markets. The losses of the company, which will be listed on the Dubai Financial Market, dropped by the end of the first half from 2025 to $ 8.9 million, compared to the survey of $ 13.3 million during the same period in 2024. Khan attributes the decline in losses to the company’s exit from the loss of enterprises in Indonesia, Mexico, and other countries. Khan expects the continued strong growth of the company’s business in the Emirates, and he also sees expansion in Saudi Arabia, especially in the active real estate sector, which is confirmed by the increase in the number of advertising on Bayut.SA up to 5 million, compared to less than one million ads a year ago, according to Khan. He continued: the Egyptian market also reached growth in income, but it is still in its early stages. Opportunities for acquisitions on acquisitions, Khan revealed that his business is looking for opportunities in companies closely related to its business in the sectors of financial technology, real estate technology and car technology. It is pointed out that this is the group’s approach, as it has previously purchased businesses related to its business, such as ‘Property Monitor’, which specializes in real estate developers in the Emirates and ‘Drive Arabia’. Dubizzle, an online classified advertising business in Dubai, is preparing to continue with an initial public offer of 30% of its capital on the financial market in Dubai. Khan expects the offer to receive great interest from investors. Both local and internationally. Dubizzle works together on implementing the agreement with Emirates NBD, Goldman Sachs, HSBC Holdings and Morgan Stanley, while Rothschild & Co. act as the financial advisor for the transaction. In 2022, the company raised $ 200 million in a financing round led by Affinity Partners, attached to Jared Kushner, the son -in -law of US President Donald Trump.
Property advertisements in the Emirates support the growth of Dubizzle’s revenue in the first half
