Friday, June 7, 2019

Dubai Asset Management in partnership with "Hi Geets"

Dubai Asset Management sweeps short-term rental market in partnership with Hi Geets

Dubai Asset Management, a subsidiary of Dubai Holding, has revealed that it has invaded the short-term rental market in partnership with Hi Geets in the UAE capital, Dubai, which specializes in leasing residential units and properties in a short period of time.

The UAE capital has witnessed a significant rise in the holiday rental market due to the regulatory environment and increased need for more flexibility and housing units, especially as Dubai continues to attract international talent with its keenness to strengthen its position as a leading tourist city.

Dubai holiday homes account for 2% of the total number of residential units in Dubai, and this is the highest percentage of its kind among the major cities in the world. Dubai is witnessing a continuous increase in demand in the short-term rental market as a result of the Expo 2020 Which brings the city to receive many visitors participating in the exhibition, which is the number of visitors nearly 17 million visitors add to the city plan to host 25 million visitors with the advent of 2025

Projects of Dubai Asset Management Company

Dubai Asset Management Company is a part of Dubai Holding Company in the UAE and evaluates several real estate projects in Dubai such as Al Khail Gate, Rehab Residences, Lian, Nazil, Shrouq, Al Ghuwab, Al Quoz Residences and Residential Units for rent in Dubai, Wharf and Remaram.

Hi Geets Projects in Dubai:

Hi Geets is one of the leading leasing companies in Dubai for 3 years and currently operates more than 200 residential units in key locations in Dubai including Palm, Dubai Marina, Jumeirah, Downtown Dubai and Dubai International Financial Center.

The company also offers short-term residential units in some cities around the world, such as Mumbai, India and Barcelona. The company has achieved a 30% rate of revenue over traditional rents as a result of its technology-based operating model and the company's great experience in revenue management and dynamic daily pricing policy.

Company Hi Geets has registered about 600 housing units in the "Dubai's Wharf" project and established residential units more than 2,000 guests from different nationalities such as the United States, Europe, China and the GCC countries and thus exceeded the occupancy rate of about 70%.

The company's online platform has provided innovative services for guests and visitors of the company similar to what they expect from five-star hotels.

The revival of the short term rental market in Dubai

The short-term rental market has rebounded in Dubai as it is one of the world's leading tourist cities attracting more than 10 million visitors a year because it has many modern architectural features such as Burj Dubai and a number of shopping areas And entertainment in the city.

The increase in the number of visitors, both business and leisure, has led to an increase in the demand for short-term housing units, as a result of the emergence of a number of real estate companies and real estate agencies renting their residential units to visitors, whether on a daily, weekly or monthly basis.

Dubai has a number of short-term rental units, starting with comfortable studios, apartments and luxury beachfront villas.