HiGuests, a property management startup based in Dubai announced last week that it had closed an investment round worth $1.1 million (EUR 1 million). Forcadell, a major player in Spanish real estate, made the investment. It’s unclear right now whether the $1.1 million is entirely new funding or if it includes some of the funds HiGuests has previously disclosed.
Miquel Manzanas and Oriol Plana, two Spanish businessmen, founded HiGuests in Dubai in 2016 to manage properties for short-term rentals on behalf of their owners. HiGuests handles every step of the process, from setting up profiles for the properties on booking websites like Airbnb, Booking.com, HomeAway, Stayz, and Expedia to helping guests after they check in. Additionally, the startup has its own booking platform that allows visitors to reserve rooms it oversees.
According to the statement, HiGuests now manages more than 300 properties in Dubai, Goa, Mumbai, and Barcelona thanks to the most recent funding. HiGuests has introduced mid-term and short-term rentals in Barcelona. Short-term rentals are those that last less than a month, while mid-term rentals are those that last between a month and a year.
According to the statement, HiGuests now manages more than 300 properties in Dubai, Goa, Mumbai, and Barcelona thanks to the most recent funding. HiGuests has introduced mid-term and short-term rentals in Barcelona. Short-term rentals are those that last less than a month, while mid-term rentals are those that last between a month and a year.
In addition, HiGuests has created a variety of mobile applications for hosts and visitors, as well as a property management system that gives property owners daily access to information about their properties’ performance. On its properties, the startup employs smart locks that users can unlock using a smartphone.
Dubai-based VentureSouq and a few other investors recently contributed $6 million to GuestsReady, a similar London-based startup with a sizable presence in Dubai. Another comparable Dubai-based startup that specializes solely in luxury real estate, MaisonPrive, also raised $4 million last year.
