Mabaat Real Estate Company

Founded in 2019 in Jeddah, Saudi Arabia, Mabaat Real Estate Company specializes in luxury short-term rental accommodations.Mabaat specializes in providing luxury rental accommodations for holidaymakers in Saudi Arabia, focusing on a diverse array of properties that cater to various customer preferences and needs. Their core offerings include well-furnished villas and apartments in prime locations such as Jeddah and Riyadh, featuring amenities that ensure comfort and quality for guests. Each property is designed to meet the expectations of both leisure and business travelers, providing a home-like atmosphere with essential services. Mabaat's client base consists primarily of holiday travelers, both domestic and international, seeking short-term rental options for vacations or business trips.Mabaat generates revenue through direct transactions between the company and its customers, primarily structured around nightly rental fees for their properties. Guests can choose from various accommodation options, with pricing determined by factors such as property type, location, and seasonality. For instance, premium listings such as the “Mabaat - Narjis 3BR Apt” may command higher nightly rates compared to standard offerings, reflecting the market demand and property features. The company operates on a direct-to-consumer model, allowing customers to book properties through the Mabaat website or mobile application. Mabaat plans to continue developing new products tailored to customer needs and may explore expansion into other regions within Saudi Arabia to increase its market presence.

1. Seed

   Aug 18, 2021

   Amount

   $2.4M

   Investors

   Locked