Deluxe Holiday Homes, a Dubai-based holiday accommodations provider, has announced its new branch in Riyadh, Saudi Arabia.

With this move, the company aims to address the increasing demand for holiday homes in the region.

With a portfolio of more than 650 properties in Dubai, Deluxe Holiday Homes plans to emulate its success in the UAE, with its entry in Riyadh.

This expansion underscores its commitment for growth in the Middle East and beyond.

The venture into Riyadh is part of Deluxe Holiday Homes’ strategy to capitalise on the burgeoning Saudi Arabian market.

Now it is actively seeking partnerships with local building owners, facility management companies, and developers, to leverage opportunities within the holiday homes sector.

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By GlobalData

Its latest expansion is expected to bring significant opportunities for stakeholders in the real estate and tourism sectors to engage with a proven business model.

Deluxe Holiday Homes founder and general manager Artyom Meltonyan said: “With the Saudi Arabian government’s substantial investment in mega projects to enhance the travel and tourism sector, we anticipate that Riyadh’s holiday home market will mirror the success of Dubai in the coming years.”

Since its establishment in 2015, Deluxe Holiday Homes has been managing a diverse range of properties.

Deluxe Holiday Homes provides a variety of fully serviced, luxuriously furnished apartments and villas in UAE.

Its Dubai portfolio includes strategically located properties, ranging from studios in Business Bay and Dubai South to one-bedroom apartments in Jumeirah Lake Towers and Dubai Marina.

It provides 24/7 support and services to developers, property owners, and guests, including flexible owner stays, comprehensive property care, and hassle-free management.

The company claimed that its expertise in multichannel marketing and established brand presence could give partnering property owners in Riyadh a competitive edge in the holiday home sector.

Through a collaboration, property management companies will be able to access a full-service management operational model, including online booking systems, professional guest handling, and maintenance practices, enhancing the quality of services provided to guests, added Deluxe Holiday Homes.