{"id":25523,"date":"2019-04-09T12:00:40","date_gmt":"2019-04-09T08:00:40","guid":{"rendered":"https:\/\/www.propertyfinder.ae\/blog\/?p=25523"},"modified":"2022-08-29T11:17:31","modified_gmt":"2022-08-29T07:17:31","slug":"property-finder-set-to-acquire-jrd-group","status":"publish","type":"post","link":"https:\/\/www.propertyfinder.ae\/blog\/property-finder-set-to-acquire-jrd-group\/","title":{"rendered":"Property Finder set to acquire JRD Group"},"content":{"rendered":"<h3 class=\"wp-block-heading\">JRD Group owns property portal JustProperty.com and Propspace, a broker CRM solution<\/h3><div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div><figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2019\/04\/PR_Blog_PF_Olive-Tree-01-800x515.jpg\" alt=\"This acquisition happens only a few months after the investment by General Atlantic in Property Finder in November 2018\" class=\"wp-image-25525\"><figcaption>This acquisition happens only a few months after the investment by General Atlantic in Property Finder in November 2018.<\/figcaption><\/figure><p>Middle\nEast real estate classifieds website Property Finder has signed an agreement to\nacquire its competitor JRD Group, a UAE-based real estate technology provider,\nowner of property portal Justproperty.com and Propspace, a prominent broker CRM\nsolution used by real estate professionals.<\/p><p>Michael\nLahyani, Founder and Chief Executive Officer of Property Finder, said:\n&ldquo;Property Finder and JRD Group share the same consumer-centric philosophy and\nvision of further professionalising the real estate market. The integration of\nour products and additional investment in JustProperty.com will provide\nconsumers with better insights to support them in taking property buying or\nrenting decisions.&rdquo; <\/p><ul class=\"wp-block-list\"><li>Acquisition follows a $120 million investment by General Atlantic in Property Finder in November 2018<\/li><li>Decision comes close on the heels of Property Finder increasing its stake to circa 40% in &nbsp;Turkish property portal Zingat<\/li><\/ul><p>The\nacquisition will also provide real estate professionals with new exciting\nopportunities and enable them to reach a larger audience and a broader offering\nof CRM, property management solutions and listing portals.<\/p><p>This\nacquisition happens only a few months after the investment by General Atlantic\nin Property Finder in November 2018 and is in line with the Group&rsquo;s strategy to\nexpand the brand in the UAE and invest in building the best products and data\ninformation available.<\/p><p>Alex\nNicholas and Siddharth Singh, JRD Group Founders, will stay on board and become\nshareholders of Property Finder.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The integration of our products and additional investment in JustProperty.com will provide consumers with better insights to support them in taking property buying or renting decisions<\/p><cite>Michael Lahyani, Founder and Chief Executive Officer of Property Finder<\/cite><\/blockquote><p>&ldquo;This\nis a great outcome for us after 10 years of hard work. We believe sharing\nsynergies will offer coherence and integration in our combined tech offerings\nto real estate brokers and developers. We are super excited about this\nopportunity to enable JRD Group to develop its enterprise software products and\nproperty portals further and reach a much larger audience through the Property\nFinder Group network,&rdquo; said Nicholas, co-founder and CEO of JRD Group.<\/p><p>As\npart of the acquisition, iMENA Group will fully exit its investment in JRD\nGroup. Khaldoon Tabaza, Founder &amp; Managing Director of iMENA Group, said:\n&ldquo;We are happy with the outcome of our investment in JRD Group, which further\nvalidates our thesis on the potential and ability of our region to create\nscalable online marketplace businesses to lead the digitalization of the key\nsectors of the regional economy&rdquo; <\/p><p>This\ntransaction comes one week after Property Finder announced increasing its stake\nin Zingat (the 2<sup>nd<\/sup> largest property portal in Turkey) to close to\n40% and is expected to close after customary conditions have been met.<\/p><hr class=\"wp-block-separator\">\n","protected":false},"excerpt":{"rendered":"<p>JRD Group owns property portal JustProperty.com and Propspace, a broker CRM solution Middle East real estate classifieds website Property Finder has signed an agreement to acquire its competitor JRD Group, a UAE-based real estate technology provider, owner of property portal Justproperty.com and Propspace, a prominent broker CRM solution used by real estate professionals. Michael Lahyani,&#8230;<\/p>\n","protected":false},"author":30203,"featured_media":25525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"categories":[1231],"tags":[],"class_list":["post-25523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inside-propertyfinder"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.0 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Finder set to acquire JRD Group - Property Finder Blog UAE<\/title>\n<meta name=\"description\" content=\"JRD Group owns property portal JustProperty.com and Propspace, a broker CRM solution This acquisition happens only a few months after the investment by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta 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