MLS MENA To Bring Online The Most Comprehensive Real Estate Data in the Arab World
While Aqara Estate a Jordanian startup founded by ex-Jeeran female employee Hanan Khader offers real estate agents in the Arab world and sellers the ability to list land, buildings or apartments for sales or rent. Aqaramap a Yamni startup that was launched last April came with emphasis on location by pin pointing the real estate address to the map.
MLS MENA an Egyptian startup that said will launch its alpha version next September wants to take the whole real estate market several steps ahead. Addressing that there is no standard integrated listing system similar to the MLS in USA and other developed markets.
The startup will work with governments and real estate companies to get the public records and use that data on its website :
The exact size of the property lots and the ownership, and the real historic sale prices. Plus offering user the ability to compare the estate to similar properties that got sold in the region recently.
MLS MENA promise also to bring relevant points of interest data that will be acquired from third parties, and historic trends that buyers and sellers can collect, sort, and analyze. Thus helping users make more informative decision before buying or renting.
“Users can buy/rent a property by searching our website and connecting with the agent or owner directly. We are just a marketplace for them to meet. ” Eng. Yusuf Shahen founder of MLS MENA told AC.
As per business model it will be freemium “we allow users to add listings for free, but they can add featured listings a for a premium price.” Yusuf added.
According to him MLS MENA has started a pilot program with the Cairo Agency for Properties. A prototype (alpha version) to be launched by September and public beta launch by the beginning of 2011.
The startup is seeking angel and VC investors.