Lamudi Pakistan Announces Half-Year Results for 2016

Lahore, 04 August 2016: Lamudi Pakistan today announced its half-year results for 2016, showing good performance underpinning strong business growth.

30 May 2016

• 99 percent increase in paid clients
• 104 percent rise in website traffic
• 87% net revenue growth

Lamudi Pakistan marked its best half-year performance ever, with net revenue up 87 percent compared to 2015. More importantly, for an online property platform they observed a record-setting increase in the number of paid clients using the website. They recorded a jump of 99 percent in the number of agents and developers signed up in 2016.

On this occasion, Mr. Saad Arshed, Managing Director of Lamudi Pakistan, said:

“Despite a weak economic outlook in many parts of the world we have managed to grow our business beyond expectations. Lamudi is reporting it’s best ever first-half growth figures and this speaks to the strength of our underlying business”.

In addition to strong revenue growth, Lamudi Pakistan announced a 104 percent increase in website visitors in the period to May 2016.

Lamudi Pakistan is unique in that it offers a full range of properties to buy or rent, from affordable studios to large-scale commercial buildings. Some months ago they introduced the Lamudi Real Estate App, which has made searching for property a much more convenient undertaking.

Having received $31.4 million in funding earlier this year, Lamudi has its sights on taking the top spot in the competitive Pakistan real estate market. With rapidly increasing website visitors, multiplying paid clients, and strong revenue growth Lamudi Pakistan is fast becoming the choice for online property portals in Pakistan.

ABOUT LAMUDI

Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 13 countries in Asia, the Middle East and Latin America, with close to a million real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.