Beeyoot, an online media company, has launched its portal beeyoot.com, a house listing website for property owners, which allows them to sell directly to buyers.

This creates room for a new momentum for the distressed UAE real-estate industry, according to managing director Hashim Ahmed.

“The Beeyoot portal is the first in the UAE to effectively bring buyers and sellers together, enabling both sides to transact directly,” said Ahmed.

“Sellers can add property listings with ease and visitors to the website can search through a wide variety of properties. We think this will bring fresh change to the UAE real estate,” he added.

'Only by fostering a truly transparent real estate market can we genuinely say the UAE property market is mature,” Ahmed continued.

“This portal will go a long way towards ensuring this happens. Further, it is essential for developers, real estate companies and other property-related service providers to understand how they are perceived in the market. We are encouraged by early users giving us very strong feedback. Positive perception will ultimately benefit all parties.'

Owners, both selling and renting valuable property, will reap wide benefits from the portal's focused approach, enabling direct connection with a wide spectrum of potential buyers, Ahmed pointed out.

Beeyoot is also seven times cheaper to use compared to traditional media, said a statement. Furthermore, the portal offers monthly paid subscriptions to its property listings.

Presently, the portal's services are exclusive to the UAE market; however Beeyoot is planning to franchise their innovative platform to other GCC countries, according to the statement. – TradeArabia News Service