UAE property listings website Bayut expands to Saudi Arabia

CEO Haider Ali Khan says expansion of Riyadh, Jeddah housing numbers offer a chance to show 'how valuable tech can be'

Haider Ali Khan, CEO of Bayut
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Haider Ali Khan, CEO of Bayut

UAE property listings website Bayut has kicked off its Saudi Arabia expansion with the launch of bayut.sa, a move that follows its acquisition of Lamudi Middle East’s assets in the kingdom, Jordan, and the UAE.

The establishment of Riyadh Metro and the launch of mixed-use megaprojects as part of Saudi Arabia’s Vision 2030 are among the factors that Bayut credited to a surge in interest around Saudi Arabian construction projects.

The introduction of affordable housing programmes such as Sakani to increase home-ownership among Saudi nationals was also credited by Bayut as a key driver in the kingdom's property market. 

Bayut's chief executive officer, Haider Ali Khan, said now was the right time to expand the company’s presence in the region, adding: “Saudi Arabia is a formidable player in the GCC and taking our expertise to this market is both a testament tour tremendous growth and an opportunity to to the region the value of technology for property seekers.”

Recently released KPMG showed that residential unit numbers in Riyadh and Jeddah would increase by 2.3% and 2.5% respectively in 2019.

Khan said this upsurge would be an opportunity to “show the region how valuable tech can be in simplifying user experiences for property seekers”.

He added: “We want to provide the same level of support to agencies and end-users, and improve their overall experience with buying, selling, or renting homes in the region.”

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