UAE’s Property Finder acquires proptech firm Homevalue

UAE-based real estate platform Property Finder has acquired proptech firm Homevalue for an undisclosed amount.

Fouad Bekkar, founder and CEO of Homevalue and his team, joins the Property Finder team with immediate effect. Fouad Bekkar takes on the role of vice president in charge of Data and AI.

Homevalue has built data-driven proptech AI-led solution for the entire value chain of residential real estate covering stakeholders including developers, lenders, consultants, brokers, investors or asset management companies

Property Finder says that the acquisition will add to its product offering by providing a depth of information available to its audience and can add value to buyers, tenants and home-owners.

Property Finder is led by former Facebook and Google executive, Ari Kesisoglu. Kesisoglu, president at Property Finder Group, said, “As Property Finder, we are working hard to empower people in their home search journey. Offering people more data and  nsights is a big enabler for us in achieving our goals. We have the best property related data in the region and Fouad and his team have proved that they could create a lot of insight from data. Therefore, I am very excited about how we will be able to improve everyone’s home search journey with them joining our team.”

In addition to its existing in-house data solutions arm, Data Finder, Homevalue will be a strategic integration to the tech company’s product portfolio in bettering the data available and improving the analytical capabilities for customers, traders, and brokers.

Read: 2021: Dubai records highest value of real estate sales transactions in 12 years

Dubai’s real estate sector is booming. According to data shared by Property Finder in 2021, the city recorded the highest value of real estate sales transactions in 12 years, with Dhs151.07bn worth of properties sold throughout last year.
The total number of real estate sales transactions that took place last year – equalling 61,241 – were also the highest since 2013. Q4 2021 had a total of 17,942 transactions worth Dhs46.75bn. Both volume and value of transactions were the highest since Q4 2013.