#Saudi Arabia #Knowledge Economic City #Maison Privee #Madinah

Strategic Partnership Revolutionizes Hospitality in Madinah

In a significant move that promises to reshape the hospitality landscape in Madinah, Knowledge Economic City (KEC) has entered into a landmark joint venture with Maison Privee Holiday Homes Rental L.L.C. This collaboration aims to establish a new company focused on short-term residential rental management, which will elevate the experience for visitors, pilgrims, and business travelers alike.

Introduction of Premium Services

The new entity will provide a robust STR management platform, catering to guests seeking luxury short-stay experiences. Featuring fully furnished residential units, this venture will encompass all aspects of guest service, from seamless online booking processes to multilingual support. The platform will extend through multiple channels, ensuring guests receive top-notch service during their stay.

Comprehensive Guest Experience

Among the amenities offered will be housekeeping, concierge services, catering, wellness programs, and transportation coordination. Additionally, the venture plans to facilitate travel arrangements and event support, thereby ensuring a memorable experience tailored to individual needs.

Innovations in Residential Management

Amin Shaker, Chairman of KEC, expressed enthusiasm for the partnership, stating that this collaboration will introduce a groundbreaking residential model for Madinah. The combination of holiday-home rentals with flexible ownership options is poised to maximize asset value, benefiting property owners and investors alike. The residents will also enjoy the dual advantage of personal use of these properties while capitalizing on rental income potential.

Al Alyaa: The Flagship Project

The first project emerging from this joint venture will be Al Alyaa, KEC’s flagship community designed with a human-centric approach. This integrated, gated complex spans 226,000 square meters and includes 1,490 residential units amid 70,000 square meters of landscaped gardens and walkways. Furthermore, it encompasses retail and hospitality spaces along with an array of lifestyle amenities. The STR platform is envisioned to drive apartment sales while optimizing returns for buyers through an interconnected hospitality and property management model.

Introducing Maison Privee to Saudi Arabia

The Managing Director of Maison Privee, Paul Mallee, reflected on the significance of entering the Saudi Arabian market, highlighting the collaboration’s potential to create a centralized STR management infrastructure on an unprecedented scale in the region. The business model is designed to provide investors a dynamic, technology-driven avenue to maximize returns, addressing the growing demand for both short- and long-term accommodations in Madinah. With the flexibility to transition between short-term rentals and long-term leases, investors maintain complete control over their assets.

About Knowledge Economic City

Knowledge Economic City is publicly traded and operates under the Economic Cities and Special Zones Authority (ECZA). With a comprehensive master plan covering 6.8 million square meters, KEC is dedicated to developing integrated destinations that merge residential, commercial, cultural, and leisure elements, revolutionizing Madinah into a premier global lifestyle hub. Positioned strategically near the Prophet’s Mosque and major transportation hubs, KEC is aligned with Saudi Vision 2030 and is proactive in enhancing the Pilgrim Experience, Quality of Life, Housing, and Human Capability Development.

About Maison Privee

Founded in 2017, Maison Privee is a leading name in luxury short-term rentals based in Dubai. With a clear focus on democratizing premium hospitality, the company has built a profitable enterprise, managing significant assets and hosting a vast number of guests annually. Their commitment has seen them grow substantially in the region, earning accolades for its service excellence and operational integrity.

Conclusion

The collaboration between Knowledge Economic City and Maison Privee represents a promising step towards enhancing the hospitality sector in Madinah. As they embark on this journey, both entities aim to redefine the standards of service and accommodations, ultimately enriching the experiences of those who visit this sacred city. The future looks bright as Madinah opens its doors to innovative hospitality solutions, setting a new benchmark in the region.