# Mabaat Real Estate Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mabaat-real-estate-company

- Industry: Consumer Services
- Headquarters: Jeddah, Saudi Arabia
- Website: www.mabaat.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Aug 18, 2021)
- Investors on record: 2

## About

Mabaat Real Estate Company offers luxury rental accommodations in Saudi Arabia, specializing in high-quality properties that cater to both leisure and business travelers looking for comfortable, short-term stays.Founded in 2019 in Jeddah, Saudi Arabia, Mabaat Real Estate Company specializes in luxury short-term rental accommodations. The firm has successfully completed one funding deal, raising SAR 9 million in Seed funding on August 18, 2021, led by Derayah Ventures and participated by Seedra Ventures. The company's founders include Daniel Sabanekh, Majed Aqeel, and Talal Al-Sorayai, with Samer Choumar serving as the CEO.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. The company's operations target major urban markets within Saudi Arabia, facilitating a seamless booking experience through their user-friendly platform and mobile application.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. This transactional framework ensures a streamlined booking process while fostering customer loyalty through exclusive offers available via their app.In August 2021, Mabaat Real Estate Company raised SAR 9 million in Seed funding to enhance its marketing strategy, specifically targeting regional travelers seeking short-term rental accommodations in Saudi Arabia. The funding will also be used to improve the company’s technology infrastructure and expand its workforce to meet growing demand. 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.

## Funding rounds

- Seed, Aug 18, 2021, $2.4M — Derayah Ventures, Seedra Ventures

## Investors

- Derayah Ventures (https://capitalatlas.ai/funds/derayah-ventures) — Seed
- Seedra Ventures (https://capitalatlas.ai/funds/seedra-ventures) — Seed