UK software company Lavanda is working with a Middle East developer to export the concept of Airbnb-style short lets to the region.
Lavanda and developer Aldar have set up Cloud Living, a short-term leasing platform that provides individuals and families with flexible stay options in Gomes with Aldar’s estates in Abu Dhabi.
Listings range from studios to three bed furnished flats with flexible leases from one night to yearly agreements.
The platform will operate under a new regulatory framework that has been developed after collaboration and consultations between the Department of Culture and Tourism - Abu Dhabi and key stakeholders from the private sector, including Aldar and Lavanda.
“We’re thrilled to collaborate with Aldar and the Department of Culture and Tourism – Abu Dhabi on this hugely important initiative for the region” says Lavanda chief executive Frederik Lerche-Lerchenborg.
"As demand for greater flexibility and digital-first customer experiences continues to sweep the industry and shape its future, so does Lavanda’s technology become increasingly critical to the effective management of institutional real estate.”
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