Juwai IQI has announced that it has seen great expansion this year, having entered two more countries with the launch of IQI Turkey and IQI Bangladesh. With the launch of these two new platforms, Juwai IQI’s reach expands to larger populations of property buyers and real estate developers, as well as those looking for international property. IQI’s network has tripled in size in just over a year to over 15,000 real estate agents.
Aniqa Alam, the new Country Manager of IQI Bangladesh, said:
"This partnership with Juwai IQI is extremely valuable to our team. We needed an international partner with the most advanced technology, as well as world-leading expertise in training and skills development. As IQI Bangladesh, we expect to accelerate our rapid growth, to the benefit of our agents and our clients.”
To enter Bangladesh, Juwai IQI partnered with DreamFinder Ltd. For Turkey, it partnered with Dose Consulting.
Turkey was an obvious choice as its a huge target for overseas property investors and investor migrants, alike. For Bangladesh, the country receives billions in remittances every year and a huge chunk of that goes towards the real estate industry as 10 million Bangladeshis live and work in the Middle East.
Dose Consulting Founder and Partner Berrak Ozoltu will become the Vice President of IQI Turkey. She said:
"Our team is thrilled to be launching IQI Turkey and to be representing this fast-growing, high tech real estate business in one of the most dynamic and centrally located real estate markets in the world. Juwai IQI will also refer foreign buyers and investor migrants who are seeking to purchase in Turkey. Our citizenship by investment program has already brought US$3.26 billions of investment into local real estate markets."
Juwai IQI Group Co-Founder and CEO Kashif Ansari said:
"We are thrilled to be working with the teams at IQI Turkey and IQI Bangladesh. Berrak and Aniqa are the best in the business.
"Both markets are large and rapidly growing. Bangladesh has a population of some 160 million, while Turkey has more than half that. The metro area of Dhaka alone has 21 million residents and is densely populated, making our focus on technology-enabled real estate all the more critical. Meanwhile, Turkey is a top destination for Asian investors. Japan alone accounts for more than 5% of foreign direct investment, which hit US$8.4 billion in 2019."
Juwai IQI Group Co-Founder and Executive Chairman Georg Chmiel said:
"These expansions are vital to us, as they increase our coverage and build our footprint in countries with fast-growing but underserved real estate markets.
"Real estate in the coming decade will be about technology, and that is the primary advantage Juwai IQI offers via these partnerships. We use technology to enable real estate transactions and increase agent earnings."