(MENAFN) UAE's Emerging Markets Property Group (EMPG) was unveiled to have generated USD50 million of investment.
EMPG is the parent company of UAE-based real estate portal Bayut.com.
CEO of Bayut.com Haider Ali Khan announced 50 percent of the funds to be allocated in the UAE with a particular target on "further consolidation".
The CEO added "the remaining funds will be used to further strengthen EMPG's leading position in its other markets."
Group CEO Imran Ali Khan also said "EMPG's growth has been comprehensive across all metrics, on the back of some of the world's most advanced digital real estate platforms developed by our R&D teams."
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