| Bayut | |
| Type: | Online property portal |
| Industry: | Real Estate & Internet Marketing |
| Language: | English, Arabic |
| Ceo: | Haider Khan [1] |
| Location: | Dubai, United Arab Emirates |
| Parent: | Dubizzle Group (formerly EMPG) |
| Employees: | 200+ |
Bayut is a property classifieds website in the United Arab Emirates. Bayut is a part of the Dubizzle Group, formerly known as Emerging Markets Property Group, which was the first homegrown unicorn in the Arab region.[2]
Bayut was founded in 2008 by Imran Ali Khan and Zeeshan Ali Khan, following their launch of Zameen.com in Pakistan. In 2014, Haider Ali Khan moved to the UAE from the United States as the CEO of Bayut. Haider also leads the UAE’s largest online classifieds website, Dubizzle, as the company’s CEO and as the MENA region CEO of the wider Dubizzle Group.
In April 2020, Bayut's parent company and the Netherlands-based OLX Group announced the merger of their operations in the UAE, Egypt, Lebanon, Saudi Arabia, Kuwait, Qatar, Bahrain, Pakistan, and Oman, together with the OLX-owned Dubai-based classifieds website, Dubizzle.[3] [4]
In January 2022, the Dubai Land Department signed a memorandum of understanding with Bayut to provide Dubai’s real estate market with interactive data and reports.[5] [6] [7]
In September 2023, Bayut launched "Bayut GPT," an AI tool that provides instant, accurate responses to real estate inquiries, helping users find properties, understand market trends, and make informed decisions in the UAE. The tool has enhanced user engagement and satisfaction by offering personalized assistance.[8]
In March 2024, Bayut signed two Memorandum of Understandings with the Abu Dhabi Real Estate Centre (ADREC). The agreements aim to enhance transparency, efficiency, and decision-making in Abu Dhabi's real estate sector.[9]