Moroccan property portal Mubawab acquires Jumia House

June 19, 2019
Share this Post: 

Leading real estate platform in Morocco owned by Emerging Markets Property Group in Dubai, has acquired Jumia's property portal, Jumia House in Morocco, Tunsia, and Algeria

The news comes a few months after Jumia went public and Emerging Markets Property Group (EMPG) closed its $100 million Series D.

“The acquisition consolidates Mubawab’s position as region’s leading real estate website, while providing access to the most promising real estate markets in the Maghreb, with more than 90 million people,” the company said in a statement.

Emerging Markets Property Group that owns different property portal including UAE’s Bayut and Pakistan’s Zameen has been on a shopping spree acquiring different smaller competitors across the Middle East & North Africa. Interestingly, all the acquisitions made by EMPG, except Mubawab, in the last one year are (were) Rocket Internet companies, including Lamudi in Bangladesh, UAE, Jordan & Saudi and now Jumia House in Morocco, Tunisia & Algeria.

Bayut, EMPG’s UAE-based property portal recently expanded to Saudi after acquiring Lamudi Saudi in April.

Mubawab, the leading real estate portal in Morocco, has bought Jumia House in the Maghreb region. Jumia House occupies a strong position not only in Morocco, but also in Tunisia as well as in Algeria. 

Read more here

Join us in Madrid, November 12-15 for the Global Online Marketplaces Summit.

Property Portal Watch Madrid Summit 2019

June 19, 2019

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Yandex Bleak Houses
Yandex Reaches Settlement with Russian Classifieds Companies Over Competition Law Dispute

Russian search giant and online classifieds operator Yandex has reached a settlement with the country's Federal Antimonopoly Service (FAS) putting...

Read More
Otm British Street
OnTheMarket Performing 'Ahead of Expectations' as it Rapidly Approaches Breakeven

The majority agent-owned British portal OnTheMarket has released a trading update to the London Stock Exchange in which shareholders were...

Read More
Homesearch Searching For Home Pic
British PropTech Homesearch Gets Funding From Original Zoopla Backer Octopus Ventures

Property data prospecting system and one-time challenger portal operator Homesearch has secured £5 million in funding from Octopus Ventures. Founded...

Read More
Habi Aerial Backgorund Df
Mexican iBuyer Habi Acquires Portal Propiedades.com and Tu Cantón

Colombian based iBuyer Habi has announced that it has acquired OKOL, the parent company of Mexican end-to-end brokerage and marketplace...

Read More

Popular News