MaisonPrive a virtual hotel brand has raised private investment of $4M as a part of its growth plan. The brand aims to target luxury apartments and villas, making it hassle-free for owners to generate revenue from them and meet the increasing demand for high-quality accommodation in the city of Dubai.
The investment secured by the brand is the first round of funding that was founded only a year ago by the Co-Founders and Managing Directors of MaisonPrive, Rami Shamaa, and Paul Mallee. MaisonPrive manages residential properties on behalf of the owners and rents them to official and leisure guests for short time frames. Guests get the flexibility of staying in a luxury property with complete access to hospitality services like concierge, fresh linen, etc., day in and day out. Owners can earn up to 30-40% of revenue without having to provide any service apart from their property.
The brand has many prestigious apartments and villas in Dubai under their service and is in the process to double this number by year-end.
According to co-founder Rami Shamaa, they are striving to meet the rising demand for high-quality accommodation as business and leisure tourism increases.