Leading property portal records six-month growth spurt to mark first birthday
Dubai, United Arab Emirates - Tuesday, October 14th 2014 [ME NewsWire]
Fast-growing
property portal Lamudi this week celebrates its first birthday, with
the global real estate network more than doubling in size in six months.
Lamudi,
a leading property website focusing on the emerging markets, grew by
116 percent between April and September this year. The number of
listings on the website now totals more than 670,000 properties to buy
or rent, spread across 28 countries around the world.
As
competition over the online property space within the emerging markets
has intensified, Lamudi has maintained a leading position within key
regions.
Lamudi was founded on October 13, 2013, by
German startup incubator Rocket Internet. The property platform was
launched in 16 countries one year ago and has since grown to cover 28
countries across Asia, Africa, the Middle East and Latin America.
Led
by Co-Founders Paul Philipp Hermann, Kian Moini and Antonius Salis,
Lamudi now employs 400 staff split between its headquarters in Berlin
and local teams in each market.
In the Middle East,
Lamudi is the leading real estate portal in Jordan, growing to host
13,000 property listings in just six months. In Saudi Arabia, the number
of property listings has jumped four-fold since early 2014. Visits to
the bilingual Lamudi Saudi Arabia website have also increased more than
750 percent since February.
Global Co-Founder and
Managing Director, Kian Moini, said: “Our goal from the very beginning
has been to deliver a high-quality property portal in markets where
searching for real estate online is a relatively new phenomenon.
House-hunters in these regions should not be underestimated; as the
internet becomes more widespread, they are seeking out the same services
that are already commonplace in more established markets.
It
is for this reason that we believe our product has resonated so
strongly with property-seekers around the world. Lamudi is innovative
because we tackle markets that other property portals have so far
ignored. We expect Lamudi’s growth spurt to continue for the remainder
of 2014, and beyond.”
In the past year, Lamudi has
undergone significant expansion in each of its markets. Growth in
Pakistan has been particularly remarkable. The Lamudi.pk website
recently reached 130,000 property listings - up from 10,000 listings
last December. In the Middle East, Lamudi is already the leading
property portal in Jordan, expanding to 13,000 listings in six months.
In
April, Lamudi received $US seven million in investment to grow its
operations in Asia. Globally, the company launched both Android and iOS
apps during 2014, which have been downloaded about 90,000 times since
June.
ABOUT LAMUDI
Launched in 2013,
Lamudi is a global property portal focusing exclusively on emerging
markets. The fast-growing platform is currently available in 28
countries in Asia, the Middle East, Africa and Latin America, with more
than 600,000 real estate listings across its global network. The leading
real estate marketplace offers sellers, buyers, landlords and renters a
secure and easy-to-use platform to find or list properties online.
Contacts
Huda Serhan
Group PR Manager
Email: huda.serhan@meih.com
Phone: +971 4 430 1419
Visit Lamudi on Facebook, Twitter, Google+ and LinkedIn
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