Risks and Opportunities; Dubai Real Estate brokers decided to start new property portals

In this episode, I answered the below questions and more • Firas, would you contribute to building a Real Estate PORTAL owned by Real Estate Agencies? If Yes, why? If No, Why? • Firas, why would the founding agency seek aggressively other agencies to join? • Firas, you always say that there is an opportunity in every challenge, where do you see the opportunity for all other real estate agencies, shall new broker portals oursursuccessfully? • Firas, are you saying that there is nothing good about having an agency owned property portal in the market? • Why list your properties on a real estate portal owned by many agencies but controlled by two or three real estate companies? • Would other estate agencies trust the confidentiality aspect of their data on a portal controlled by other estate agencies? If yes. Will this last in the future, and why? • Can this new agency/is owned portal compete with the big players? If yes, How? • If the specific venture capital company backing-up the funding of the new portal, alongside the funding agencies? • Can the founders of the new portal get it to work without the support of other real estate agencies? If NO, Why & How? What is their game plan? • What advantages and disadvantages does a new portal with little online presence offer to the real estate market? • Would the founding estate agencies behind the portal(s) exclusively list their properties on their new portal? If yes. When will they come off the well-established players?