Dubai-based short-term rental company Seraya has secured $1.8 million in seed funding, bringing its total capital to $2.15 million. The funding round was led by a Saudi family office and German investor DLL, with additional support from angel investors, combining equity and debt. Established in October 2024, Seraya employs a vertically integrated model by signing long-term leases, renovating and furnishing properties, and managing guest experiences directly. This strategy has led to immediate profitability, an occupancy rate exceeding 92%, and a perfect guest rating of 5.0. Operating in Downtown Dubai, Business Bay, and the Marina, Seraya plans to expand to 50 units by the end of 2025, including new locations in Palm Jumeirah, Dubai Creek, and select villa communities. The company prides itself on quick turnarounds, preparing apartments within 10 days of acquisition, and locally manufacturing furniture with wellness features like in-unit saunas and water filtration systems. The short-term rental market in Dubai has grown significantly, with units increasing from 20,000 in 2024 to over 30,000 in 2025, fueled by demand from tourists, remote workers, and wellness travelers. Seraya aims to leverage its Dubai base for further regional expansion.
How is a Dubai-based rental operator expanding its reach?
