(MENAFN- Khaleej Times) Propertyfinder.ae, the UAE's leading real estate portal, recently announced the 100 per cent acquisition of leading Lebanese portal realestate.com.lb.
The move comes hot on the heels of the company successfully raising capital as it continues its expansion across the Middle East region.
The acquisition will enable Lebanese brokers and developers to take advantage of propertyfinder's vast network, which replicates 1.2 million unique browsers per month including the UAE and Saudi Arabia, in addition to realestate.com.lb's huge existing number of online viewers.
''We see great potential in this portal as Lebanon's residential market continues to thrive with diverse projects being developed for local residents and the large community outside of the country, for whom Lebanon will always be home," said Michael Lahyani, propertyfinder.ae founder and CEO.
"We believe that the current management of realestate.com.lb has done an amazing job with limited resources. We are confident that we can facilitate foreign investment back to the country by exposing the Lebanese property market to a larger global audience," Lahyani added.
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