News highlights from the region
Real estate developer and asset management company, Sultan bin Ali Al Owais, has revealed a short term rental division to cater to the demand during the Dubai Expo 2020.
The company specifically develops properties to rent, and owns and manages a portfolio of over 2,000 properties across the UAE.
The new division is being launched with 250 short term rental units and all properties are located within accessibility to the Expo 2020 site.
“Coming from a heritage of real estate development where we build for the purpose of renting out, our principal audience is predominantly made up of expats looking for long term rentals. However with the expected influx of people coming into the UAE based on the country’s economic and leisure offerings and this number will only go higher considering the Expo 2020,” said Haleema Al Owais (pictured).
“We have been in the process of developing and acquiring assets with the vision of short term rentals for the past two years and are confident about the company’s new direction.”