Maison Privee Shortlisted For Global Serviced Apartment Awards 2019
Company Boosts Senior Team
Dubai, United Arab Emirates - The Dubai-based hospitality technology firm and leading vacation rentals provider in the luxury hospitality sector, Maison Privee, brings an innovative approach to luxury accommodation experiences. The concept combines the service and convenience of a premium hotel with the privacy and comfort of home. Co-founded two years ago by Paul Mallee and Rami Shamaa, Maison Privee offers authentic luxury stays in outstanding locations with stunning views of Dubai’s skyline.
Since its Series A funding announcement at $4 million less than 12 months ago, the company has seen an exponential growth in the number of guests; increasing from just over 1,000 guests in the first year to over 10,000 guests in the second year of operation. Due to the substantial growth in the short-term rental market, Maison Privee has seen constant growth in its assets under management, with a portfolio valued in excess of $300 million expected by the end of the year.
“One of our key strengths at Maison Privee is sustaining momentum; growing our portfolio constantly and steadily while maintaining the unique quality of our services. Dubai is a huge tourism hub where we continue to see significant opportunities” said Paul Mallee, Co-Founder and Managing Director.
This outstanding growth and innovative approach has ensured selection as a finalist at the global Serviced Apartment Awards 2019, taking place in London later this month and organized by International Hospitality Media (IHM). For this highly coveted award, Maison Privee is the only nominee from the Middle East to be shortlisted in the Best Short Term Rentals Operator category, alongside leading international companies such as Bridgestreet.
“We have always pursued excellence in our endeavor to create an exclusive and discerning luxury offering and we are delighted to be recognized at a global level” said Rami Shamaa, Co-Founder and Managing Director.
Joining the team on this journey, Ryan Kasper has recently been appointed as Head of Property Acquisition, where he will be responsible for furthering Maison Privee’s portfolio expansion. A senior property professional with a decade of GCC experience managing some of the most exclusive properties in Dubai, Ryan was previously the Director of Luxury Rentals at Luxhabitat.
Reacting to his appointment Kasper commented, “I am delighted to embark on this new journey and to lead the development of the Maison Privee portfolio. There is a growing recognition of the potential to generate greater returns through short term rentals as an alternative to traditional yearly leasing, particularly in an otherwise difficult market. I look forward to bringing my expertise in luxury property to this new and exciting space.”
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About Maison Privee
Due to the growth in demand for short-term vacation rentals in Dubai, Maison Privee was founded in March 2017 as a virtual hotel brand offering high standards of accommodation and service focused on corporate visitors and discerning tourists.In April 2018, the company closed its Series A funding round at USD $4 million and are now rapidly expanding their portfolio of properties throughout Dubai.
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