B2C. Property Finder, the UAE-based real estate website has agreed to acquire its competitor JRD Group which owns Justproperty.com and SaaS offer Propspace, as part of its growth strategy across the region. JRD was founded in 2008, receives 400,000 monthly uniques and its founders, Alex Nicholas and Siddharth Singh, will stay with the company and become shareholders in Property Finder. Property Finder has raised $120m from equity firm General Atlantic, giving a valuation of almost $500m. Last week, the company also raised its stake in Zingat, an equivalent property website in Turkey.
UAE online property ‘merger’
