[ad_1]
Nasma Luxury Stays, a division of Al Tamimi Investments and specialists in executive living and holiday rentals, is set to start growing strongly in 2023, backed by growing demand for short-term property rentals in the UAE.
Nasma expanded its luxury real estate portfolio across the country with the successful expansion to Mina Al Arab in Ras Al Khaimah (RAK) by the end of 2022, a milestone in its continued strengthening of its foothold in the market. In 2022, the company has been managing top properties in Dubai and Abu Dhabi.
Portfolios have grown as more homeowners continue to ride the next wave of growth in the vacation home industry. Nasma will capitalize on this momentum to meet demand from tourists flocking to the UAE as tourism and hospitality revive.
new opportunity
“We are confident we will exceed our performance in 2022 as we intensify our efforts to expand our portfolio through mutually beneficial partnerships with landlords. Additionally, this is an opportunity for us to continue our tradition of serving Global and local tourists offer all the luxuries associated with a five-star hotel. We are delighted with what we have achieved in 2022, but we are even more excited this year given the consistently strong support from the UAE government and its wise leadership,” said Al Tamimi Investments Chief Executive Operations Officer Dani Tabbara said.
The vacation home market remains a major part of the local real estate industry. A recent report revealed that there are more than 10,766 active listings in Dubai, accounting for just 2% of the total number of households in the emirate. This figure is the highest compared to all other global hub cities. Additionally, Abu Dhabi and Dubai ranked 3rd and 4th respectively in the top 10 best places in the world to buy a holiday home in 2021.
End-to-End Property Management
Nasma was formed to provide an end-to-end property management solution for luxury property owners looking to rent out their properties to vacationers for short-term accommodation. To enhance their real estate value and profitability prospects, the company also provides other services such as interior design and property maintenance and damage restoration.
Part of its unique value proposition is its attractive profit-sharing model, where 80% of profits go to landlords, ensuring they enjoy better rental yields. This is the basis for its 12-month income forecast reports to property owners for more effective business strategies and higher property market values.
To date, Nasma manages luxury holiday homes such as villas and apartments in prime locations in Dubai, Abu Dhabi and RAK including Yas Island, Al Raha Beach, Dubai Marina, Downtown, Dubai International Financial Center (DIFC), City Walk, Blue Waters, Dubai Creek Harbour, Dubai Hills, Palm Jumeirah and Mina Al Arab to name a few. — trade arab news agency
[ad_2]
Source link