Bayut, the UAE’s largest property portal, on Wednesday announced the launch of its new domain in Saudi Arabia, Bayut.sa.
The new portal will feature a diverse portfolio of properties for tenants and investors seeking to rent, buy, or sell real estate in Saudi Arabia, according to a press release on Wednesday.
The Dubai-based property website has been considering an expansion into the Saudi market for a while, especially after acquiring the online real estate marketplace Lamudi Middle East, Bayut highlighted.
Bayut has attributed the growing interest in the kingdom’s real estate industry to projects such as the $500-billion city NEOM, Qiddiya, and the Red Sea project.
Haider Ali Khan, CEO of Bayut, said: “The launch of Bayut.sa is a very exciting moment for us. Saudi Arabia is a formidable player in the GCC and taking our expertise to this market is not only a testament to our tremendous growth, but also an opportunity for us to show the region how valuable technology can be in simplifying experiences for property seekers.
“We want to provide the same level of support to agencies and end-users and improve their overall experience when it comes to buying, selling or renting homes in Saudi Arabia,” he added.