17 April 2016
Dubai, U.A.E.| PropSpace
, the Middle East's leading cloud-based real estate software, now makes it easier for real estate agents to sell property to Chinese buyers by enabling agents to upload their listings directly via PropSpace to Juwai.com
, the largest Chinese international property website.
Chinese buyers are the largest international real estate buyer group today, and invested US$52 million last year in international property, an amount that is expected to rise to $220 billion per year by 2020. The most popular destinations for Chinese buyers are the US, Australia and Canada.
The PropSpace - Juwai.com connection is a sign of the growing prominence of the Middle East real estate sector, particularly cosmopolitan destinations such as Dubai and Abu Dhabi, and the increasing role played by Chinese investors looking to diversify their property portfolios in the region. Alex Nicholas, CEO and Founding Partner of PropSpace commented: "We are delighted to join forces with Juwai.com, the largest and most trusted international property website in China. This mutually beneficial partnership brings tremendous value to PropSpace clients, allowing them easier access to the influential Chinese investor segment." Added Nicholas: "The Middle East is an increasingly preferred destination for property investment by Chinese investors and Juwai.com is an ideal partner in that regard, offering unparalleled access to this powerful investor group. Moreover, expanding and enriching the lead pool for our agents and brokers remains of utmost importance to PropSpace, and we look forward to progressing our partnership with Juwai.com." Charles Pittar, CEO of Juwai.com, said: "PropSpace is a growing technology leader in the integration of marketing and management tools to make life easier for agents. We're very impressed with PropSpace's innovation and glad to be working with the region's leading real estate software to maximize results." Assessing the growing Chinese investor interest in the region, Pittar continued: "The United Arab Emirates is considered the principal safe and appealing destination in the region. It is the most popular Middle Eastern country for Chinese real estate buyers, accounting for more than half of total regional demand in 2015, followed by Turkey and Egypt. Besides the advanced infrastructure and cosmopolitan lifestyle, the U.A.E. is a huge draw for Chinese students and their families owing in part to the prestigious global university brands in the country." According to Pittar, Juwai.com experienced a 15 percent growth in the number of enquiries made by Chinese buyers in the United Arab Emirates. He continued: "Dubai is the No. 1 destination for Chinese buyers in the Middle East and it competes for investors alongside Europe, Southeast Asia and North America, not so much with other Middle East countries." "Juwai.com" (pronounced Joo-why) means "home overseas." Forbes magazine called the website "China's biggest real estate source for those looking to buy overseas." PropSpace is considered the Middle East's first integrated full-featured cloud-based real estate software and is the most popular industry enterprise software in the U.A.E., with over 95 percent of the nation's real estate brokerages utilizing the cloud-based system. PropSpace users must be customers of Juwai.com for their listings to be successfully uploaded from PropSpace to Juwai.com. For more information about advertising on Juwai.com, please visit: https://list.juwai.com/ About Juwai.com
Juwai.com connects property advertisers in 89 countries with more than 2 million Chinese users each month and was named the top international real estate website in China in both 2014 and 2015 by the country's peak e-commerce body. In Nov. 2015 we were named a Red Herring Global Top 100 company. Juwai.com sends more Chinese buyer inquiries to home sellers, developers and agents overseas than any other source. We count by far more indexed pages on Baidu (over 12.8 million) than all other international real estate portals combined (3.8 million). Juwai.com was the only real estate portal from anywhere in the world whose leadership was invited to speak at the G20 Global Leaders Summit pre-event in November 2014. In November 2015, the company's leadership also addressed the powerful, closed-door Baoa forum, known as "The Asian Davos." juwai.com About PropSpace
PropSpace is a proprietary cloud-based enterprise software designed exclusively for the real estate sector, namely agencies/brokerages, developers and property managers. Blending a simple interface with sophisticated design, PropSpace includes powerful features that effectively enable agents and teams to cultivate leads, manage listings and close deals. PropSpace consists of multiple modules that cater to a variety of workflows in the real estate sector, including but not limited to lead management, listings, deal flow, document generation and the region's largest private MLS (multiple listings service). Launched in 2011 by JRD Group, the software is currently available in English and Arabic, and caters to the critical business needs of over 6,000 real estate professionals worldwide. www.propspace.com
For more information about PropSpace Real Estate Software, please contact:
JRD Group Global Customer Center: +971 4 420 1044
For press/media enquiries, please contact:
Tel. +61 432 814 888
Head of PR and Communications
Tel: +971 4 420 1044
© Press Release 2016