Shared 19 April, 2024
Spanish firm lands in the Middle East. Lodgerin arrives in the United Arab Emirates with a portfolio of over 1,000 rentable units located in Dubai, and plans to open a new location in Abu Dhabi after reaching an agreement with property investors.
The Spanish marketplace for medium-stay home rentals offers digital services to owners and tenants and will market over a thousand rental units in high-value areas in this new market.
The company’s entry into a new market like the United Arab Emirates “represents a crucial milestone in our global expansion,” explains Óscar Rubio, CEO and founder of Lodgerin.
In Dubai, the cost of living is the second highest in the Middle East. “A menu at a fast food restaurant will cost you about 34 dirhams, which is equivalent to €3.10; renting a studio in a normal area of the city will cost you about 5000 dirhams, which is about €460 per month; and a monthly transport pass will cost you 345 dirhams, or almost €32,” details the company’s website.
Lodgerin: real estate portfolio and business model
Founded in 2019, Lodgerin currently has over 60,000 users and more than 12,000 rentable units. The proptech has a presence in Spain, Portugal, and Italy, in cities such as Madrid, Barcelona, Seville, Valencia, Lisbon, Porto, Milan, Rome, and Florence. Throughout 2024, it plans to expand to more European countries.
Lodgerin, a marketplace for medium-term housing rentals – from one to twelve months – offers digital management services to individual owners with real estate investments to simplify and streamline all processes related to their housing catalog, as well as to real estate funds that do not have digitized asset management.
The Spanish brand allows local landlords to maximize their economic profit and save time in property management through a single platform, and resolves any issues tenants may have during their stay. Mainly, the firm targets students, young professionals, expatriates, and digital nomads from around the world.
Lodgerin’s partnerships in European real estate
Last March, the proptech announced an exclusive agreement with BEM Estate Management to market more than 400 accommodations in Spain throughout 2024.
Both companies already work together thanks to a prior agreement whereby Lodgerin markets BEM EM’s accommodations in Portugal through its marketplace. This move was a further step in their partnership, sealing an exclusive collaboration to boost the expansion of the Portuguese company thanks to the proptech’s know-how in medium-stay accommodations.
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