Simsari.com Aims for Slice of Global Online Property Market

Simsari.com Aims for Slice of Global Online Property Market

August 16, 2007

- Real Estate Now Among the Top Ten Most Sought After B2C
Categories Online


    DUBAI, United Arab Emirates, Aug. 16
/Xinhua-PRNewswire/ -- Simsari.com 
( http://www.simsari.com ), Dubai's online property
marketplace, has announced the appointment of Marwan Lallas
as its new managing director, who will spearhead the
portal's growth and transform the 'home shopping'
experience for people around the world preparing to make a
lifestyle investment in the United Arab Emirates (UAE). 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.

    About Simsari.com

    Simsari.com ( http://www.Simari.com ) represents a new
era of property transactions. Using this portal, buyers and
sellers from around the world can come together to trade in
real estate online.

    Simsari.com is a Tejari company. http://www.Tejari.com
is the leading B2B online marketplace in the emerging
markets with over 7 years experience and over US$4 Billion
in online transactions.

    For additional information, please visit
http://www.simsari.com .


    For more information, please contact:

     Eman Hussein 
     Spot On PR
     Tel:   [phone]
     Email: [e-mail]