Maison Privee signs $100 million villa portfolio on Palm Jumeirah

George Sell George Sell Uploaded 15 August 2019

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UAE: Dubai-based rentals provider Maison Privee has signed a deal to manage a portfolio of luxury villas on Palm Jumeirah.

The US$100 million portfolio was secured through a preferred partner relationship with real estate firm Gulf Sotheby’s International Realty and its clientele. This partnership consolidates Maison Privee's position as the largest short-term rental operator on the Palm.

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".

"Our focus is on growing our portfolio of luxury and unique properties whilst ensuring that our guest experience continues to ‘wow’ at every touch point," said Paul Mallee.

Since its $4 million Series A funding announcement a year ago, Maison Privee has invested heavily in building its team and infrastructure to support accelerated growth in its portfolio and its ability to serve its guests.

“Implementation of a very strong hotel-like corporate structure, IT stack and unique operating model has been fundamental to positioning us for such growth,” said Rami Shamaa. “With the right structures in place, Maison Privee has the ability to expand its portfolio both in Dubai and internationally and is actively exploring expansion through acquisition or partnership."

Maison Privee is shortlisted at the Gulf Capital SME Awards 2019 for the Disruption of the Year category and the Customer Focus of the Year category, while its co-founders are finalists for Entrepreneur of the Year. "This hat-trick shortlisting is a testament to the hard work and dedication of the entire Maison Privee team," said Mallee.

Paul Mallee is a speaker at next month's Serviced Apartment Summit MEA. Click here to find out more and book tickets.

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