Realtor sets up ‘Short Term Rental’ division for Expo 2020

DUBAI: Seasoned Real Estate Developers and Asset Management Company, Sultan Bin Ali Al Owais has announced the establishment of a ‘Short Term Rental’ division to cater to the anticipated demand during the Dubai Expo 2020.

The company that specifically develops properties to rent, and owns and manages a portfolio of over 2000 properties across the UAE is known for its emphasis on its long-term rental ethos and retention of residential tenants exceeding 20 years. The move to expand to short term rentals comes in line with the world’s most anticipated event; the Dubai Expo.

The new division is being launched with 250 short term rental units and all properties are located within accessibility and proximity 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. To elaborate on that further, every market and metropolis has a appetite for different kinds and classes of projects, and if the mix of developments between, luxury/high-end, mid market and affordable housing is in sync with the population it is designed to cater, the UAE demand will always have the potential to match its supply if not exceed it,” said Haleema Al Owais, CEO of the company.