Square Yards ‘key player in UAE real estate market’
Global real estate aggregator, Square Yards, said it has emerged as one of the largest proptech players in the UAE with its gross transactional value (GTV) crossing over the Dh2-billion ($544 million) mark in the emirates.
The company registered phenomenal growth in all three segments, namely off-plan property (under-construction developer sales), secondary sales/leasing and cross-border real estate targeting non resident Indians (NRIs) based in the UAE.
Square Yards’ off-plan business segment that focuses on under-construction projects in the UAE clocked more than Dh300 million worth of property sales in the January to September period registering an impressive 52 per cent year-on-year growth.
It has catapulted Square Yards’ position among one of the largest distributors and channel partners for most of the grade-A Dubai based property developers, said a top official.