Property Finder Divests PropSpace CRM Business

September 26, 2024
Share this Post: 

The UAE-based real estate marketplace operator Property Finder has announced its divestment from its PropSpace CRM business.

According to a press release the move is part of a "strategic refocus" which will see Property Finder streamline operations and double down on its core mission of empowering customers to make informed real estate decisions.

“As the real estate industry increasingly relies on digital transformation, the CRM market represents a key driver of operational efficiency for real estate professionals. This transition creates an independent entity to better serve our industry,” said Michael Lahyani, Founder and Chief Executive Officer of Property Finder. “Through this transition, we are giving PropSpace the freedom to innovate and continue its leadership in the CRM space. ”

PropSpace will now operate as an independent entity and will be led by Patrick Caulfield, who joins as Chief Executive Officer having previously served as Managing Director of Arthur Online, one of the UK’s leading property management CRMs.

Property Finder took control of PropSpace along with rival portal domain JustProperty when it acquired the brand's parent company JRD Group in 2019.

Property Finder operates real estate marketplaces in its home market, as well as in Qatar, Bahrain, Egypt, and Saudi Arabia.

September 26, 2024
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Product Roundup 1Nov
Product Roundup: Rightmove, Zoopla, MyHome.ie, Suumo.jp, Realestate.com.kh, Graana

This week's news roundup can only start in one place, with a world-famous portal testing an AI tool on some...

Read More
Fdv Generic Skyscrapers 1
Frontier Digital Ventures Q3 2024: Strategic Review Underway, with 360 LATAM Under the Spotlight

Frontier Digital Ventures, the tri-continental marketplace operator publicly listed on the Australian Stock Exchange (ASX) has released a trading update...

Read More
Scout24 Boardroom 2
Scout 24 Financial Statement: Q3 2024 Delivers €144 Million in Revenues, Up 8.5% Year-on-Year

Scout24 SE, the owner of German real estate classifieds giant Scout24 Group, has released its financial statement for the third...

Read More
Propertygurugroupboardroom 3
PropertyGuru Hits 52-Week High Ahead of Takeover

PropertyGuru shares have hit their highest price for a year as the Group prepares for privatisation by private equity firm...

Read More

Editor's Pick