The road ahead

Silkhaus has identified a $13 (Dh47.75) billion total addressable market (TAM) across MENA, South Asia and Southeast Asia to unlock opportunities for asset owners and is likely to grow to $18 (Dh66.11) billion by 2026.

For property investors, STRS offer flexibility in maximising returns on their investments in a red-hot market, without being locked into long-term tenancy contracts. While demand for STRS has been aggregated by online platforms, the supply of STRS still remains hyper-fragmented and largely offline in nature.

“The vision is to empower an individual to operate high-quality STRS globally, and to institutionalise this asset class for real estate owners and professionalise experience for end-users. We’re flexible regarding duration of stay, personalised experience from an enduser perspective and also agnostic of price points,” Bhojani added.