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Silkhaus is Driving Growth in the Region’s Hospitality Sector
Silkhaus, a fast-growing short-term rental platform, is expanding into Saudi Arabia, bringing innovative solutions for property owners and offering premium stays for guests. The short-term rental market in the GCC is seeing unprecedented growth, and Silkhaus is leading the charge.
Bookings Surge as International Demand Grows
Since its launch, the company has experienced triple-digit annual growth in gross booking values. Guests from over 120 countries have chosen Silkhaus properties, with the UK, USA, and Russia leading international demand.
The GCC market also plays a crucial role, making up one-third of bookings, with UAE and KSA as top contributors. This growth reflects Silkhaus’ ability to deliver high-quality rental experiences while maximizing returns for property owners.
Top Locations for Short-Term Rentals
Silkhaus properties in Dubai continue to perform strongly. Popular areas like Dubai Production City, Al Barsha, and Dubai Creek Harbor boast over 90% yearly occupancy rates. Emaar Beachfront, known for its luxury appeal, sees nightly rates up to 50% higher than the city average.
In Abu Dhabi, short-term rental rates match those in Dubai. High-demand locations like Yas Island, Al Raha, and Saadiyat Island offer exceptional returns for property owners.
Strengthening Leadership for Future Expansion
The UAE-based PropTech is bolstering its leadership team to support its next growth phase. Ankit Shah, previously CFO, has been promoted to Co-Founder and Board Member. Additionally, Abdul Wahab Al Halabi (Managing Director at Embassy Capital), Nitin Reen (Partner at Nuwa Capital), and Hassan Alfarsi (Oraseya Capital) have joined the board.
New senior leadership appointments will be announced soon, reinforcing Silkhaus’ commitment to scaling across the GCC.
Investor Confidence in Silkhaus’ Vision
Nitin Reen, Partner at Nuwa Capital, expressed strong confidence in the company’s model:
“Aahan and his team have a bold vision for short-term rentals in the Middle East. Their success in the UAE proves the potential of their model, and we’re excited to help them scale into KSA.”
Hassan Alfarsi, Board Member at Oraseya Capital, added:
“Silkhaus is redefining the short-term rental space. Its expansion into KSA aligns perfectly with the region’s economic growth and tourism boom. We are proud to support this journey.”
Leading the GCC’s Short-Term Rental Market
Founded in 2021, Silkhaus has quickly become the top short-term rental operator in the GCC. The platform empowers property owners to maximize earnings, delivering 20–40% higher returns than traditional long-term rentals.
With its tech-driven approach, strategic expansion into KSA, and strong investor backing, Silkhaus is reshaping how guests experience short-term stays across the region.
