Homesfy forays into the international market with a new office in Dubai
Mumbai (Maharashtra) [India], May 4: Mumbai-based Homesfy Realty Ltd., India’s first listed real estate tech-enabled brokerage firm, has expanded to Dubai. In the fourth quarter, Homesfy’s facilitated transaction value in India increased by 51%, which showcases the company’s remarkable growth. As part of its strategic expansion plans, Homesfy seeks to broaden its horizons globally, with Dubai […]

Mumbai (Maharashtra) [India], May 4: Mumbai-based Homesfy Realty Ltd., India’s first listed real estate tech-enabled brokerage firm, has expanded to Dubai. In the fourth quarter, Homesfy’s facilitated transaction value in India increased by 51%, which showcases the company’s remarkable growth.
As part of its strategic expansion plans, Homesfy seeks to broaden its horizons globally, with Dubai being its first port of call. Homesfy sees tremendous potential in the Dubai real estate market in the coming years. Its unparalleled network of tech-enabled agents will help achieve success in Dubai.
The impetus behind Homesfy’s expansion into Dubai stems from the highly auspicious growth curve of the Dubai real estate market. This growth is attributable primarily to the path-breaking policies adopted by the UAE government, which have been instrumental in driving a positive impact across the real estate industry.
In 2022, the Dubai real estate market experienced a massive upswing in sales to Indian buyers, raking in an impressive sum of ₹35,500 crores, almost twice the amount generated in the previous year. Of this total, Indian home buyers accounted for a notable 40%, positioning them as the leading buyer demographic in Dubai. These buyers mainly hail from major Indian cities such as Delhi-NCR, Ahmedabad, Surat, Hyderabad and Punjab.