By Gavin Gibbon
Hostmaker targeting properties in Business Bay, DIFC and Dubai Marina
London-based home rentals management company Hostmaker has opened its Middle East hub in Dubai.
Founder and CEO Nakul Sharma told Arabian Business that Hostmaker, which has been named number 20 among the top 100 UK start-ups and one of Forbes’ five fastest-growing British businesses to watch, may also look at further expansion throughout the region.
He said: “There’s so many exciting destinations around the Middle East. Whether it’s other parts of the UAE or Saudi, Egypt, Jordan, we think that there’s opportunities across the region and we want to take it one step at a time.
“Dubai will be the hub where we start first and then we will certainly be open to also speaking to partners and learning about the region from them and we will certainly want to grow in the region.”
Since starting the company in 2014 in London, Sharma has grown it into a 300+ employee, $28 million-backed business operating in London, Paris, Rome, Barcelona, Madrid, Lisbon, Florence, Cannes and Bangkok.
“We’ve been planning for our launch in the Middle East for a few months now and I’m excited about the timing as we’re right at the start of the high season this year and ahead of Expo 2020 next year. We think it’s a great time for us to make our presence felt in the region,” said Sharma.
Hostmaker is a tech-driven hospitality management company, which aims to remove the hassle homeowners face when managing short-, medium- and long-term rentals. It also includes property listings across multiple platforms including Airbnb, TripAdvisor and Booking.com
Sharma said they were targeting properties in Dubai’s Business Bay, DIFC and Dubai Marina, and revealed he is particularly excited about the impact Expo 2020 Dubai will have.
He said: “The Expo is going to be huge for the region. Dubai has been building towards it for the last few years. Hotel occupancies for the last few years have held strong and will be further boosted with the Expo. This is where we see that, people who will be coming for longer periods of stay, especially those who are planning, preparing and participating in the Expo, not just those who are coming for a short period of time, those will be the audiences that will actually find our Homestay solution very attractive because staying in a home is much more comfortable and relaxed than being cooped up in a hotel.”For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.