REA exits Dubai market

31 Jul 2009
After searching for some time for a buyer of its U.K. real estate portal PropertyFinder (a sale to Zoopla is now being finalized), the REA Group has also exited the Dubai market by selling its stake in to its joint venture partner, the Swiss Media Group.REA purchased 51 percent of the company in 2007.REA also closed its New Zealand operations last year. The moves all acce

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.