The founders of Pakistan’s Zameen.com and UAE’s Bayut.com, the Ali Khan brothers, have formed a new property portal group with global authorities joining the brothers at the helm.
The new company, named Zamzama Property Group, now has a majority stake in Pakistan’s market leader Zameen.com, and owns UAE’s leading property portal Bayut.com outright.
Zameen.com currently employs over 300 people across Pakistan and has firmly established itself as the country’s top property portal, while Bayut.com has expanded rapidly over the last year to 70 employees and a new office in the heart of Dubai Internet City. Zameen clocked in over 2,000,000 visits while Bayut recorded 420,000 visits in August 2015, with both portals enjoying over 100% year on year growth.
With this restructuring, the Group's management aims to expand operations aggressively, starting with a few carefully selected countries in the Middle East.
“We’re glad to welcome on board such renowned names from the global property portal industry. Simon, Roland and Gilles all possess sizeable, unique experience and knowledge, which is exactly what we need as we look to further accelerate our growth,” said Imran Ali Khan.
“I’m confident our collective experience will help us with our aggressive growth plans in our target markets. We have enjoyed tremendous growth thus far and look forward to the coming year,” he added.