Tamweel and Tejari two of the leading corporate innovators in the region, today launched Simsari.com, a real estate portal that will revolutionize the way property is bought and sold in the UAE. Simsari.com will provide an online marketplace for property developers, brokers and private individuals to buy and sell residential and commercial property.
The portal is a unique venture that draws on Tejari’s expertise and experience in ecommerce and Tamweel’s strength and reputation for innovation in property finance, to create an easy to use, trustworthy and profitable online marketplace for real estate. The launch of Simsari.com marks the first major collaboration between major property developers in the UAE, with founding partners including Nakheel, Tamweel, Dubai Properties, Sorouh and Tejari. The portal has already attracted a number of the most respected names in real estate in the region as members, including Al Barari, Habiba Real Estate, Landmark Properties, New World Real Estate, Vakson Real Estate, Deyaar, ETA Star and Union Properties. Simsari.com is also in discussion with additional developers.
“The property boom in the UAE of the past few years has created massive interest in real estate in the region, but for both buyers and sellers, the processes involved can often be costly, complicated, and time consuming. Simsari.com is intended to remove those obstacles, and provide an innovative platform for real estate transactions in the UAE,” said Omar Hijazi, CEO of Tejari.
“Simsari.com will give buyers the peace of mind of working through a trusted portal supported by known developers and partners, as well as giving them an easy to use and informative way to find their ideal property, arrange financing and handle the transaction. For sellers, Simsari.com offers a cost effective and straightforward way to promote property and will help them to extend their reach to new markets,” he added.
The site will cater to the needs of various types of buyers and sellers, including private individuals based in the UAE and abroad looking to buy property as a home or for investment, commercial property buyers and UAE based developers and brokers who want to develop alternative channels to market.
For buyers the site will include clear details on each property, and all of the inventory on the site will be verified and authenticated so that buyers can be assured of what they are getting. Buyers will also be able to obtain instant finance approvals through Tamweel and other financiers.
For sellers, Simsari.com will provide access to the online real estate market in partnership with other trusted and established players, and will serve as a valuable new sales channel. With Tejari’s experience of online commerce in the Middle East, and the world class technology that underpins the portal, Simsari will also make management of online property listings much easier, as well as offering new levels of sophistication in property marketing.
Simsari.com’s unique launch promotion will exclusively feature the luxury residential property, Marina Mansions, developed by Al Sondos Holdings, along with instant online financing decisions by Tamweel. The Marina Mansions promotion, which will run from November 18 to 24, will allow buyers to find, finance and buy property through a simple and secure online process, from the comfort of their own homes. Marina Mansions is a futuristic 30 story tower with 120 luxury apartments set in the magnificent surroundings of Dubai Marina. Simsari.com will regularly feature exclusive property listings from its members. Nakheel will also be offering select properties from its Jumeirah Park development – a family friendly community of more than 2,000 villas in the heart of Jumeirah, complete with excellent facilities and amenities.
“Nakheel fully supports the launch of simsari.com, a unique sales platform, that will enable Nakheel to tap into new international markets, as well as benefiting from new sales avenues, such as online property auctions. Nakheel will be offering select Jumeirah Park properties on simsari.com. The initial offering of properties at Jumeirah Park saw approximately 1,000 villas sold in under twenty four hours, and with demand so high in Dubai for family friendly villas, we anticipate that the Jumeirah Park properties on offer on the website will prove popular with buyers,” said Waleed Al Jaziri, Nakheel General Manager Sales.
“We believe that the launch of Simsari.com marks a new direction for the real estate market in the UAE, bringing new levels of innovation, cost effectiveness and investor confidence to the sector. We are confident that with the support of our esteemed partners, Simsari.com will rapidly become the leading provider of online property sales in the Middle East,” Hijazi concluded
About Tejari
Tejari is the Middle East’s premier online business-to-business marketplace. Tejari enables buyers and sellers to transact and share information about a variety of goods and services via a secured Internet environment. Tejari provides a single point of contact for an open and growing community of buyers and suppliers, permitting spot-purchasing and on-line auctions that enable participants’ real-time access to new markets and greater cost savings. Visit Tejari at http://www.tejari.com
