Houza.com, the Dubai-based property portal appoints

 

  • houza aims to double down on solving perennial troubles linked to phony and copy listings as well as launching ‘first-to-market’ properties 
  • The Dubai-based mostly home portal raised a $5.5 million Pre-Sequence A round of funding from the UAE’s top rated true estate agencies

Dubai-centered assets portal, houza, has introduced the appointment of Jean-Pierre Mondalek as CEO. Jean-Pierre is a seasoned chief who provides a wealth of world-wide tech investing and running experience in personal equity, on the internet marketplaces, and e-commerce. His comprehension of and achievements in UAE’s landscape as a 3rd technology resident include launching Uber’s initially Middle East operation out of Dubai, functioning dubizzle Motors, and most not too long ago, setting up Amazon’s brand advertising and peak sale occasion programs throughout UAE, KSA, and Egypt. Jean-Pierre’s appointment arrives on the back of $5.5 million funding from the top rated true estate businesses in the UAE, as houza seeks to get marketplace share swiftly with the support of its agency associates.

Co-started in 2020, by ex-dubizzle and OLX Center East CEO Barry Decide, houza.com is on a mission to challenge the fundamentals of the UAE actual estate sector by driving down listing costs for organizations, and web hosting only selective and carefully screened agencies. Beneath its new leadership, houza is set to double down on resolving perennial troubles linked to bogus and replicate listings as properly as partnering with genuine estate businesses to start a vary of ‘first-to-market’ qualities on its site. 

houza’s ‘by the field, for the industry’ design is backed by some of the premier agencies in the UAE, notably Allsopp & Allsopp, Betterhomes, Driven Qualities, D&B Homes, Main Qualities, and Espace Serious Estate. This basic differentiator empowers the world-wide-web portal’s in-depth comprehension of the pain factors of true estate transactions. Restoring the ‘real’ in true estate by ranking listings in accordance to functionality and worth written content, houza.com extends its promise of high quality to the two assets seekers and brokers. 

The portal boasts a exclusive monetization model which charges businesses per guide sent as opposed to the market typical of ‘cost for every listing’. houza’s website system also options an algorithm which ranks listings dependent on written content quality vs . having to pay your way to the top. This added benefits home seekers, supplying an genuine sign of sought-after attributes which are rated centered on excellent information, selection of incoming leads, agent reaction time, and a lot more.

CEO Appointment

As a previous growth fairness trader turned operator (ex CSFB Tech Group, TA Associates, Uber, OLX and Amazon), Jean-Pierre will be accountable for accelerating houza’s expansion in the UAE and facilitating expansion options in potential geographic growth. He will spearhead functions, investor relations, and method, leveraging his hands-on knowledge as an operator and startup advisor for go-to-market place, fundraising, and scaling.

Less than his leadership, the system is set to improve its small business featuring wherever clients accessibility only real home listings backed with transparency on pricing traits to make an knowledgeable acquire or rental final decision, before the listing is obtainable on other platforms. His entry will further more houza’s benefit propositions toward assets businesses, advancing bigger flexibility to companies by way of its ‘pay for each lead’ model.

On becoming a member of houza.com, CEO Jean-Pierre Mondalek claimed, “I am pretty energized to reunite with my former colleagues and create an sector-backed disruptor in the UAE home portal space. Above the earlier decade, I have been making and scaling on-line marketplaces with a target on building belief, transparency, and ease, which are main pillars of the houza purchaser proposition. At houza, I will perform carefully with our seasoned group and company companions on ensuring we delight home seekers and serious estate brokers alike by being targeted on setting up high excellent and exclusive-to-houza content and driving leads, respectively.”

Pre Sequence A Funding 

houza observed some of the greatest and most perfectly-revered true estate companies in the UAE participate in its Pre-collection A round which was shut at $5.5 million. These integrated associates like Allsopp & Allsopp, Betterhomes Group, Driven Houses, D&B Properties and Espace Actual Estate. houza.com also been given robust aid from business-targeted authentic estate businesses, including CRC and Main True Estate.

houza is established to build out its workforce and continue expanding its presence in the UAE sector. Its important factors of differentiation and target for 2022 will be superior quality accurate listings and special 1st-to-marketplace assets models unavailable on other portals. 

2020-2022: In Numbers 

Given that its inception houza.com has found exponential growth, setting up its leadership for being the only house portal which has been backed by the industry. Obtaining grown by 1.4 million end users above 12 months, the system has seen a 110% progress in webpage views due to the fact the get started of this year alone. It has also witnessed a 120% maximize in product sales metrics around the previous 6 months which catalyzed its 2nd funding round, totalling the pre-collection funding to $5.5 million. Supported by major gamers of the real estate industry, houza.com now hosts 250+ of the prime agencies listing about 60,000 properties for sale and lease.  houza has stringent checks to make sure that only the optimum top quality agencies arrive on board. It does so in the efforts to even more stop faux inventory on the system. Claimed 250+ organizations have been very carefully curated and currently signify upwards of 70% of the whole current market.

Co-founder, Barry Choose, said “houza has designed some superb development about the previous 18 months and our 2022 fundraise will let us to genuinely generate home our value propositions about ‘no-fake-listings’ and ‘first-to-market’ qualities. Jean-Pierre, with his various portfolio and comprehensive talent-set, is precisely who houza demands in the driving seat for this enjoyable new period. His strategy to enterprise and management mirrors houza’s ethos to obstacle the position quo and I cannot hold out to watch houza expand from energy to toughness as I transfer to the board. This is just the beginning and I appear ahead to observing what Jean-Pierre has in shop for houza.”

About the author: AKDSEO

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