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Maison Privee signs $100m villa portfolio on Palm Jumeirah
Reading Time: 2 minutesDubai: Technology firm and vacation rental provider for the luxury hospitality sector, Maison Privee, has signed a deal to manage a portfolio of luxury signature villas on Palm Jumeirah, Dubai, valued at over US$100m. The deal maintains the company’s rapid expansion, having acquired the portfolio through a preferred partner relationship with the region’s top luxury […]
IBC Group aiming to purchase 10,000 properties in Dubai
Reading Time: 2 minutesDubai: The IBC Group has announced its intention to purchase 10,000 luxury properties in Dubai, which it will furnish and manage as holiday homes / vacation rentals. In the same announcement, the group revealed it had contracted Berkshire Hathaway HomeServices Gulf Properties (BHHS) on an exclusive basis to play an advisory brokerage role to assist […]
HiGuests announces funding and expansion progress in Barcelona
Reading Time: < 1 minuteDubai: Property management startup HiGuests has announced it has secured $1.1 million in its latest investment round, with participation by Spanish real estate firm Forcadell. The company, which was founded in 2016 by Spanish entrepreneurs Miquel Manzanas and Oriol Plana, operates and manages properties on behalf of their owners on a short-term rental basis. Through […]
Kennedy Towers marks property portfolio value milestone
Reading Time: 2 minutesDubai: Kennedy Towers, Dubai’s largest vacation rental management company, has announced its property portfolio has exceeded AED (Arab Emirate dirham) one billion in value (216.25m in pound sterling). The tech-focused operator revealed that the median net yield returned to investors on the portfolio is 8.75 per cent, which outperforms the equivalent long-term rental yield for residential […]
SaffronStays reveals Dubai expansion plans for 2020
Reading Time: < 1 minuteIndia: Indian vacation rental platform SaffronStays has revealed its plans for expansion into Dubai over the next 12 months. Arabian Business reported that the company “hopes to have 600 properties on its platform by 2020 as part of an international expansion that will include Dubai”. SaffronStays founder Devendra Parulekar told Times of India: “For the […]
Bayt by Azizi home concept launched in Dubai
Reading Time: 2 minutesUAE: Azizi Developments, one of the leading private developers in the UAE, has launched a short-term rental home concept, entitled “Bayt by Azizi” in Dubai Sports City. The home concept is designed to help investors gain higher returns by having their owned apartments managed and serviced for them. The residential property, which features 431 apartments […]
Indian startup OYO prepares to launch OYO Homes in Dubai
Reading Time: 2 minutesIndia: Indian hospitality startup OYO will launch OYO Homes in Dubai, which will offer apartments on a short-term rental basis. The UAE is the first international market in which the OYO Homes platform will be launched, and customers will be able to check into apartments on a daily, weekly or monthly basis. Manu Midha, Middle […]
Airbnb bookings set to surge in the UAE for New Year’s Eve celebrations
Reading Time: 2 minutesUAE: The number of people staying in rental accommodation listed on Airbnb in the UAE is set to more than double during New Year’s Eve. The short-term rental platform said it was currently seeing a 108 per cent rise in bookings during the New Year period, as travellers head to the Emirates to make the […]
Dubai startup Frank Porter expected to triple growth rate by the end of 2018
Reading Time: 2 minutesDubai: Dubai-based property management company Frank Porter is set to triple its growth rate by the end of 2018, a year after its launch. The Dubai-based start-up manages private properties available for short term rent on home-sharing channels such as Airbnb, Booking.com, TripAdvisor, Expedia and HomeAway. Frank Porter founder Anna Skigin said the firm had […]
Landlords in Dubai turning to short-term rental homes for income
Reading Time: 3 minutesDubai: Dubai’s property landlords are increasingly opting to take in travellers staying for five days or more via sourcing platforms offering short-term rental options. In doing so, it benefits the wider market for short-term stays as brand new apartments and villas are being used, rather than sitting empty before a full-year tenant shows up. Vinayak […]