Real Estate sector players win awards

By Michael Kanaabi

Leading local real estate online platform Lamudi.co.ug recently rewarded the top real estate dealers, agents and developers in the country who are transacting business online especially through its platform.

The awards were given out during the local real estate platform’s first anniversary for its operations in Uganda at MacKinnon Suites recently.

Among the awards given out were the award for best Estate Developer that went to Zion Estates, Best Estate Broker was won by Lubega Albeda, Tateru Properties took home the award for best large agency and 7 Hills property Agency took the accolade for best medium size estate agency.

While handing over the awards to the various winners, Richard Mukasa who chairs the disciplinary committee of the Association of Real Estate Agents in Uganda advised all players in the property business to take advantage of the opportunities that Lamudi online platform offers the industry to grow their businesses.

Lamudi is the fastest growing online property portal in Uganda introduced to the country just a year ago, it has managed to acquire up to 12,000 properties listed on the site with a growth rate of 88% between January and October this year.  

Officiating at the function Shakib Nsubuga, Country Manager of Lamudi Uganda said, “We are delighted with our latest milestone which is becoming the biggest online real estate marketplace in Uganda. It indicates the trend that people are starting to embrace the online service. We have a newly designed website which optimizes user experience with capabilities to host high quality images and more space for descriptions of the listings on the portal so users should find the website much better now.”

Lamudi also launched both Android and iOS apps during 2014, which have been downloaded close to a 100,000 times since June. You can use these apps to carry out any transaction or access any of the offers and services on Lamudi like you would on their website the firm’s country manager Shakib Nsubga adds.

Recording the highest traffic among all real estate sites in the country, a google analytics report shows their traffic grew from 10,000 hits in May 2014 to 35000 hits by the end of November 2014 and could have reached the 40,000 hits mark by the end of December if growth trends remain constant.

Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 600,000 real estate listings across its global network. In April, Lamudi received $7 million more in investment cash to expand its operations in Asia. The company is now the leading property portal in Bangladesh, Myanmar and many other markets it operates in around the globe including Uganda.