The Dubai-based proptech startup that is disrupting the global residential real estate sector with its innovative business model will be adding about 2,500 apartments regionally this year of which 50 percent is going to be in Saudi Arabia.
The Saudi Downtown Co., a master and lead developer owned by the Public Investment Fund, with 12 projects located in 11 regions across the Kingdom, for instance, is witnessing a lot of growth.
Stella Stays has rapidly grown its portfolio. It is keen to continue its expansion across major cities in the Middle East and North Africa region, Europe, and North America.
Stella Stays will be looking at some of the emerging markets that have huge growth opportunities. Particularly countries like India, Indonesia, and Vietnam.
Stella Stays is also looking at partnering up with real estate investment trust funds. They have often faced difficulties in finding the right real estate investments.
Stella Stays has digitized the whole guest journey. It has done much the same thing with home rentals that Uber did with ride-hailing. A lot of its guests and residents come to its app or website, see all the different apartments that they have across the different cities, and choose the one they want.