UAE-based classifieds platform Dubizzle has revealed that it has acquired two companies to help improve its real estate listings business.
According to a report, Dubizzle has bought two Dubai-based companies—Masterkey, a software platform set up in 2004, and Airlist, which connects real estate professionals.
Both acquisitions were operationalized on November 1, although the firm did not disclose financial details.
According to Dubizzle, its property listings business receives over 3.7 million visits per month and 3.2 million searches per quarter.
Dubizzle, which is owned by OLX Group, a unit of South Africa’s e-commerce company Naspers, currently competes in the local market with the likes of propertyfinder.com and bayut.com.