PropTiger.com, a property portal backed by News Corp, recently announced an international expansion starting with Dubai as the home of its first overseas office. PropTiger is looking to grow its residential brokerage business by using the rising demand from NRIs in lieu of the rupee value dropping.
"The company's strategic international expansion marks an important milestone in its journey and comes on the back of a strong seven-year track record of helping customers buy over USD 2.2 billion worth of residential properties across India," PropTiger said in a statement.
PropTiger.com, which is part of Singapore-based Elara Technologies that owns Housing.com and Makaan.com, said it plans to expand across other parts of the UAE as well as to Gulf Cooperation Council (GCC) countries and beyond, over the next three years. In Dubai, it currently has a 15-member team and plans to serve customers across the Middle East with a strong team of over 100 people in the next three years.
"PropTiger.com has established itself as a trusted home buying partner for customers across India. We see great opportunities in the UAE market. It is a dynamic region with an enormous potential and a large presence of the Indian diaspora," said Dhruv Agarwala, who is Group CEO of all three portals -- Housing.com, PropTiger.com, and Makaan.com.
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