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Dubai Startup Silkhaus Aims For A “Smooth As Silk” Experience

Technology now plays a key role in the Dubai rentals market, helping real estate investors and travelers alike to create unique hospitality experiences.

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2 years ago

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dubai startup silkhaus aims for a smooth as silk experience

Dubai-based Silkhaus is a PropTech startup that describes itself as a “technology-first hospitality brand”. The company aims to offer immersive nomadic experiences by “providing business and leisure travelers with a home away from home” and, as the name suggests, convert tedious planning into an experience that’s as smooth as silk.

For readers unfamiliar with the term, PropTech is the application of technology in the real estate sector. It encompasses everything from property management and Airbnb-style bookings to construction and analytics, with features usually accessed through a mobile app.

The global PropTech market value is projected to grow from $18.2 to $86.5 billion by 2032 — a compound annual rate of about 17% — and is primarily driven by nomadic professionals who are happy to relocate for career purposes.

As for Silkhaus, the startup was conceived by strategy consultant Aahan Bhojani, who noticed several issues with his own corporate travel experiences. He now strives to ensure others won’t experience the same frustrations.

silkhaus founder and ceo aahan bhojani

“I realized there was something broken about the long-stay travel experience, and finding suitable long-term accommodation options on online travel aggregators was like pulling a needle out of a haystack […] aside from investors purchasing real estate, we have seen a growing interest in the resident population seeking to reside in the UAE. The need for a ‘landing pad’ to accommodate incoming audiences has never been stronger,” says Aahan Bhojani, founder and CEO of Silkhaus.

Also Read: Hotel Cloud Kitchen Startup Matbakhi Launches In Saudi Arabia

Despite a gradually worsening global market, Silkhaus was still able to raise $7.75 million in a seed funding round last month, and is well placed to boost its portfolio of investors and continue with a medium-term expansion strategy.

Over the last few years, big data and cloud technology have transformed consumer experiences in the property sector, positively affecting property owners, tenants, landlords, and brokers alike. Startups like Silkhaus look set to continue this trend, with plans in the works to expand to cities across the Middle East and eventually into South and South-East Asia.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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