Aldar has announced the launch of Cloud Living following the implementation of the Department of Culture and Tourism – Abu Dhabi’s new holiday home regulations and licensing platform.
Developed in partnership with UK tech pioneer Lavanda, the short-term leasing website is the first of its kind in Abu Dhabi and provides individuals and families with exclusive and flexible stay options.
Aldar said it is providing flexible leasing options with the convenience of single billing, where all short leases will include utilities and management fees with no hidden costs.
The leases offered by Cloud Living accommodation stays are for as short as one night and listings on offer range from studios to three-bedroom apartments, furnished or unfurnished in The Bridges and ARC Tower, both located on Al Reem Island.
Following an initial pilot phase, Cloud Living has already been rated as a “super host” on Airbnb for its properties available at The Bridges.
Aldar said it is accessing a global market worth $116 billion, as estimated in industry specialist Skift’s 2020 Short-Term Rental Market report.
Maan Al Awlaqi, executive director – strategy and transformation at Aldar Properties, said: “The launch of Cloud Living is testament to our commitment to develop new products and solutions that satisfy our customers’ desires. It also meets the needs of Abu Dhabi’s rapidly evolving real estate market and contributes to the rise of the global gig economy which is set to reach $347 billion by the end of 2021.
“We understand that convenience and flexibility are vital when choosing a home or booking a vacation, and that is exactly what Cloud Living offers. Whether you are a digital nomad who can work from anywhere, a family that is relocating, or a tourist, this platform has been designed to provide flexible stay options without long-term commitments.”