In a strategic move aimed at bolstering its foothold in the competitive real estate market, OYO, the leading global hospitality chain, has announced plans to expand its portfolio of expat housing in Abu Dhabi. This latest initiative, reported on November 15, 2020, by RP Realty Plus, signifies the company's commitment to catering to the growing demand for high-quality accommodation among the expatriate community in the capital city of the United Arab Emirates.
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OYO, a prominent global technology company in the hospitality industry, has revealed its intentions to expand its presence in Abu Dhabi by incorporating 2,000 apartments. This move comes in response to the increasing demand for expat housing in the city.
The company's housing solution, OYO Life, offers fully furnished and professionally managed long-term rental spaces tailored for professionals. According to an official statement from OYO, these apartments are prepared for immediate occupancy.
As part of its strategic plan, OYO has already included 750 apartments in prominent areas like Khalifa, Al Zeina, and Al Raha. This expansion aligns with OYO’s core commitment to providing comfortable accommodations in high-quality properties for its guests worldwide.
Residents residing in these units, which are mainly expatriates, will enjoy access to a diverse array of services such as laundry, food delivery, cleaning, transportation, grocery delivery, and discounted furnishings and home appliances.
Abu Dhabi’s flourishing startup ecosystem, combined with attractive incentives like the Golden Visa programme, has enticed more than 25 notable companies to establish their presence there. Among these companies are PolicyBazaar, DealShare, Momos, Raena, Hippo Video, Ultrahuman, India Gold, ClassPlus, Mensa, and Expand My Business.
These companies have already chosen OYO’s premium apartments as their preferred accommodation option for their employees in this dynamic and vibrant city.
The incorporation of 2000 apartments will greatly strengthen OYO’s current footprint in Abu Dhabi and allow the company to provide a wider selection of choices to expatriates in need of extended accommodations.
These apartments will be strategically positioned in essential locations, encompassing business hubs like Khalifa City, Al Zeina, Al Raha, Al Reem Island, Al Reef, and Al Mushrif, as well as renowned tourist attractions such as Sheikh Zayed Grand Mosque, the Emirates Palace, Etihad Towers, Louvre Abu Dhabi, Ferrari World, Warner Bros World, Yas Waterworld, and Sea World.
OYO places a strong emphasis on maintaining top-notch quality throughout this expansion. Each apartment will be thoughtfully designed, furnished, and equipped with modern amenities, ensuring a comfortable and hassle-free experience for all guests.
With a diverse array of accommodation options, OYO aims to cater to the varying needs and preferences of expatriates primarily employed in Abu Dhabi’s startup sector. Presently, OYO extends a wide range of 40+ integrated products and solutions to customers, serving over 170,000 hotels, homes, and listings in more than 35 countries, encompassing regions such as India, Europe, and Southeast Asia.
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