Property Finder has agreed to collect UAE-primarily based JRD Group, an actual property tech issuer, and Prop space, a CRM answer utilized by real property professionals. No financial phrases were disclosed. As a part of the acquisition, Mena Group will fully exit its investment in JRD Group. Property Finder is subsidized with the aid of General Atlantic.
PRESS RELEASE
DUBAI, United Arab Emirates, April 8, 2019 /PRNewswire/ — Middle East actual estate classifieds website Property Finder has signed an agreement to accumulate its competitor JRD Group, a UAE-primarily based real estate technology company, proprietor of belongings portal Justproperty.Com and Prop space, an outstanding broking CRM solution utilized by real estate experts. Property Finder said: “Property Finder and JRD Group percentage the same client-centric philosophy and vision of in addition professionalizing the actual property market. The integration of our products and extra investment in JustProperty.Com will provide customers with better insights to support them in taking assets buying or renting selections.” The acquisition may even provide real estate professionals with new exciting possibilities and enable them to attain a larger audience—a broader imparting of CRM, belongings control solutions, and listing portals.
This acquisition occurred only a few months after the investment with the aid of General Atlantic in Property Finder in November 2018 and is consistent with the Group’s strategy to amplify the emblem in the UAE and put money into constructing the first-class merchandise and facts available. Alex Nicholas and Siddharth Singh, JRD Group Founders, will live onboard and become shareholders of Property Finder. “This is an awesome outcome for us after ten years of hard paintings. We trust sharing synergies will provide coherence and integration in our combined tech services to real property brokers and developers. We are notably excited about this possibility to allow JRD Group to broaden its enterprise software program merchandise and assets portals in addition and attain a miles larger audience thru the Property Finder Group network,” stated Nicholas, co-founder, and CEO of JRD Group.
