Square Yards, the leading tech-backed transaction & aggregation platform for global real estate is making significant headway across the UAE and GCC markets. After establishing a strong presence in the high-growth GCC real estate economies, it has now launched a dedicated portal for property in UAE, squareyards.ae. The new portal will focus on resale and rental markets in Dubai in addition to the off-plan primary market segment. The listings on the portal are fully syndicated with leading Dubai-based listing portals such as Dubizzle, Propertyfinder and Justproperty through backend tech integration.
Square Yards already has a robust presence in the UAE with offices in Dubai, Abu Dhabi & Sharjah. Within GCC, the company is also present in Oman & Qatar and now looking to expand to neighboring countries like Bahrain & Kuwait. Square Yards has already been facilitating focused selling of off-plan properties in Dubai with tremendous sales velocity. The gulf countries currently contribute to ~30% of the overall revenue at Square Yards thanks to its strong relations with leading developers such as Emaar, Danube, Damac and Deeyar.
Tanuj Shori, Founder & CEO at Square Yards said, “The UAE real estate market is bustling with demand with Dubai clinching the spot as the most favored city of all GCC realty investors. The secondary real estate markets are particularly strong here due to high rental yields. However, no real estate agency has been to scale up beyond a few hundred agents. We want to build the finest and largest agency network in UAE to deliver superior real estate transaction experience to our customers.”
Square Yards is currently expanding its agent network in Dubai and is hiring aggressively for it. Through this portal, it is equipping its sales agents with best-in-breed technology and marketing support as well as access to global projects marketed exclusively by Square Yards. Company provides better income opportunities to its agents by giving them a blend of a brokerage percentage, passive income and attractive incentives and rewards and recognitions. It is also sponsoring visas, providing medical insurance and RERA Certification support for its agents.
In January, Square Yards raised $10 million investment in the form of convertible notes from multiple individual investors primarily based outside India.