Newly Established Real Estate Rental Company Seeking Loan in Dubai, UAE
Real estate rental business with high occupancy rates in Dubai seeks loans for expansion.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | USD 720 thousand |
| EBITDA Margin | 40 % |
| Industries | Real Estate Rental |
| Locations | Dubai |
| Local Time | 3:38 AM Asia / Yerevan |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
200 thousand
for
8.5%
annual interest,
2
years
(Native Currency: USD 200,000)
Reason: The initial investment in this business is very high, even though we can fund the growth by reinvest...
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Collateral Available: USD 0
Includes physical assets worth
USD
870 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Commercial License
(3.3 MB)
Business Overview
- The business operates in the real estate rental industry, specifically focusing on sub-letting 2-bedroom and 3-bedroom units to tourists, businessmen, and individuals seeking short-term and long-term accommodation in Dubai.
- Even though the company started its operation early this year it has a strong customer base, with an average of 60 clients staying in their apartments each month, resulting in a 92-96% occupancy rate per unit.
- With a prime location in downtown Dubai, the business boasts attractive properties, including two apartments with Burj Khalifa views on the 30th and 10th floors, as well as four additional properties in the same area.
- The company primarily secures bookings through popular online platforms such as Airbnb and Booking. com, accounting for 70% of our total bookings, with the remaining 30% sourced through other online channels.
- Pricing for the 2-bedroom units ranges from USD 140 per day off-season to USD 550 per day during peak seasons, while the 3-bedroom units are priced at USD 220 per day off-season and can reach up to USD 1,100 per day during peak times.
- We have tie-ups with housekeeping and maintenance companies to service our units and hence we have a lean operation.
- Despite the promoter being based in Armenia, the business is registered in Dubai and is managed by an employee located in the same region. The promoter brings 5 years of industry experience.
- We are a duly certified company with all certificates and licenses.
- Even though the company started its operation early this year it has a strong customer base, with an average of 60 clients staying in their apartments each month, resulting in a 92-96% occupancy rate per unit.
- With a prime location in downtown Dubai, the business boasts attractive properties, including two apartments with Burj Khalifa views on the 30th and 10th floors, as well as four additional properties in the same area.
- The company primarily secures bookings through popular online platforms such as Airbnb and Booking. com, accounting for 70% of our total bookings, with the remaining 30% sourced through other online channels.
- Pricing for the 2-bedroom units ranges from USD 140 per day off-season to USD 550 per day during peak seasons, while the 3-bedroom units are priced at USD 220 per day off-season and can reach up to USD 1,100 per day during peak times.
- We have tie-ups with housekeeping and maintenance companies to service our units and hence we have a lean operation.
- Despite the promoter being based in Armenia, the business is registered in Dubai and is managed by an employee located in the same region. The promoter brings 5 years of industry experience.
- We are a duly certified company with all certificates and licenses.
Products & Services Overview
We sub-let our 2-bedroom and 3-bedroom units to tourists and businessmen.
Assets Overview
Tangible assets: 4 Apartments in the JVC region in Dubai worth USD 870,000.- We have paid USD 175,000 as security deposit for renting our units.
Facilities Overview
We do not operate from any facility as our business is online based.
Capitalization Overview
- The business has no loans.- The business has 4 shareholders with 25% stake each.
Recent Activity
-
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
-
Earlier than 15 daysSenior Partner, Real Estate & Investment, Faridabad, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysAssociate, Human Resource Services, Dubai, Individual Investor / Buyer connected with the Business
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