Simsari.com aims for slice of global online property market

The online property market is one of the Internet's fastest growing B2C businesses and Simsari.com believes that it has a real chance of becoming a global player. Simsari.com is a Tejari.com company (http://www.tejari.com), a leading emerging markets B2B online marketplace with over 7 years experience and more than US$ 4 Billion in online transactions.

"The fast growth of the online property market coupled with the strong attraction that the UAE has for international real estate investors made creating Simsari.com a strong commercial proposition for Tejari," said Omar Hijazi, CEO of Tejari. "The UAE has more than US$230 billion of real estate projects planned or in progress and so there is enormous opportunity here. Simsari.com offers home buyers and property investors unrivaled efficiency, security and simplicity right from the comfort of their own home or office."

"Real estate is now among the top ten most sought after B2C categories online: alongside hotels, resorts and online travel agencies," said Lallas, who joins Simsari.com with a long track record in the real estate sector. "Simsari.com has the combination of validated listings, online buying capabilities, financing resources and expert insights to help property buyers choose and own their Dubai home through a smart, simple process. And our market is truly global."

Simsari.com's growth is underpinned by strong growth in the UAE's real estate sector. According to the latest report from Middle East Economic Digest (MEED), 175,000 new residential property units are expected to be available in Dubai by 2010.