dubizzle expands property platform offering with acquisitions of Masterkey and Airlist

Dubai, 13 November 2017

dubizzle, the UAE’s biggest and most visited Property platform, has announced its first-ever acquisition of two Dubai-based companies, Masterkey and Airlist. Through this investment, dubizzle Property will now offer enhanced and comprehensive services to real estate industry professionals across the UAE.

With over 150K live listings at any given time, dubizzle Property holds the largest market share amongst real estate portals in the UAE.  Agents, developers, and property managers will now have access to a wider range of listing channels, leveraging the innovative tools and solutions offered by two additional homegrown platforms. This acquisition will also result in improved industry standards, in line with the commitment by the Dubai Real Estate Regulatory Agency (RERA) to improve quality and regulate the property market.

“We are excited to announce this collaboration with dubizzle, bringing together the immense knowledge and experience of all three companies to deliver an unrivaled property service to the UAE. The mission of Masterkey has always been to equip the industry with technology that unlocks the real estate potential in the market. This partnership will allow our teams to continue to grow our innovative solutions which our clients have trusted for over 14 years, now secured by the backing of the largest property platform in the UAE,” commented Daniel Hart, CEO at Masterkey and Founder of Airlist.

Samer Abdin, General Manager, dubizzle Property added: “Masterkey and Airlist are world class products and we are proud to invest in their people, technology and future. These acquisitions are a testament to our drive to be the number one property platform in the UAE and puts us at the forefront of market innovation.”

Masterkey is the only Dubai-based software platform designed exclusively to meet the needs of large enterprise customers. Through customized online solutions, Masterkey automates the day-to-day tasks of property management, brokerage and real estate development companies, managing their information in real time and providing property professionals with complete visibility into their portfolios.

Airlist, built by the experts at Masterkey, seeks to digitally connect every real estate professional around the globe. This listing tool is designed for small to midsize companies to rapidly add, organize and publish listing data onto the widest range of property portals across the region, reducing the need for a more complex CRM tool.

dubizzle’s acquisition of Masterkey and Airlist took effect on November 1, 2017. Over the coming months, the three companies will work together to develop a 360-product offering in order to better manage, market and evaluate the businesses performance and inventory of real estate stakeholders.

Fast Facts

●     dubizzle was established in 2005 and now employs 220 people

●     dubizzle Property is the biggest portal in the UAE with 71% market share

●     dubizzle Property receives +3.7m visits per month and receives +150k live listings at any given time

●     dubizzle Property receives +3.2M searches per quarter

●     Masterkey was established in 2004 and now employs 34 people

●     Airlist was launched in 2015 and now employs 9 people