Dubai Asset Administration has introduced a foray into the short-term rental market.
The proprietor and supervisor of one of many largest portfolios of rental residential communities within the United Arab Emirates, the corporate will launch the brand new enterprise by means of its partnership with a number one vacation dwelling operator HiGuests.
The Dubai-based start-up specialises in managing short-term property leases with the intention of providing added comfort to visitors and hosts alike.
Its self-contained developments embody Shorooq, Ghoroob, Al Khail Gate, Layan, Nuzul, Al Quoz lodging, Rahaba Residences, and rental properties in Remraam and Dubai Wharf.
Because the emirate gears as much as welcome over 17 million worldwide guests to Expo 2020 and targets 25 million guests by 2025, the demand for short-term leases is on the rise.
On the partnership, Dubai Asset Administration chief govt, Arif Mubarak, mentioned: “Dubai Asset Administration has established itself as one of many main corporations catering to the rental buyer in Dubai.
“The partnership with HiGuests permits us to boost our providing by means of assembly as we speak’s short-term rental clients’ wants – a handy keep in a up to date high-quality property.”
Dubai Asset Administration, an organization of Dubai Holding, specialises in growing, buying and managing a various portfolio of resident-focused communities for lease.
Established in 2016, HiGuests manages greater than 200 properties within the metropolis in prime areas, resembling Dubai Marina, Downtown Dubai, the Palm Jumeirah and the Dubai Worldwide Monetary Centre.