Dubai's Property Finder Raises $525m From Permira and Blackstone

Permira, Blackstone back UAE property site

The NewsPrivate equity giants Permira and Blackstone have acquired a stake in UAE classifieds business Property Finder for $525 million, the latest sign of rising global investor interest for deals in the Gulf.The investment is also a vote of confidence that Dubai’s real estate boom will continue, Property Finder Chief Executive Officer Michael Lahyani told Semafor. The deal shows that the real estate market is “mainly driven by population growt…

Dubai's Property Finder raises $525m from Permira and Blackstone

Minority stake was sold by General Atlantic, which remains an investor

Permira, Blackstone Invest $525 Million in Dubai Property Portal

Permira and Blackstone have invested $525 million in Dubai-based Property Finder, in a bet the city’s real-estate market can move beyond its boom-and-bust reputation.

Dubai’s Property Finder gets new backers in $525m deal

The deal will give Property Finder access to the global expertise of all three private equity firms The post Dubai’s Property Finder gets new backers in $525m deal appeared first on Gulf Business.

Permira and Blackstone invest $525 million in Dubai’s Property Finder

Dubai’s property finder lands $525M investment from Permira and Blackstone

Dubai — Global private equity firms Permira and Blackstone have acquired a combined minority stake valued at $525 million in Property Finder, the United Arab Emirates’ largest online real estate platform, signaling growing confidence in the Gulf’s booming digital property sector. Property Finder, founded in 2007, has evolved into a cornerstone of Dubai’s housing market, […]