Hotdesk and Menassat partner to boost Daily and Monthly Rental Offices across Saudi Arabia

Dubai based on-demand workspace booking platform Hotdesk and Saudi Arabia based real estate platform ????? ???????? - .Menassat Realty Co have announced their cooperation to list offices to be operated and rented on a daily and monthly basis through the Hotdesk global application, representing a promising investment opportunity for landlords and office owners to be rented and benefit from the large customer base of Hotdesk around the world.

Mr ???? ???? ?????? Khaled Almobid , CEO of Menassat, expects equipped office rentals to be a promising investment opportunity, especially for the owners of said offices or office tenants that are partially vacant and wish to benefit from renting them for a longer period.?

Menassat Real Estate Company, the leading company in office rental and with branches all over the Kingdom of Saudi Arabia, has won several local and international awards.

Mohamed Khaled , Founder & CEO of Hotdesk, emphasizes the growing demand for flexible workspace solutions in Saudi Arabia. "The Kingdom's emergence as a global investment hub, coupled with its ongoing transformation initiatives, has fueled a surge in business activity," says Khaled. "From regional headquarters to startups, the need for on-demand office spaces is skyrocketing. However, limited office availability and a lack of established co-working centers leave this demand largely unmet.? Our partnership with Menassat is designed to bridge this gap by offering landlords a one-stop solution to convert their vacant spaces into thriving co-working destinations."

The partnership underscores the critical need for increased office space availability in Saudi Arabia.? Recent data from real estate consultancy CBRE reveals a significant rise in office rents across the Kingdom.? Prime office rents in Riyadh, the capital city, have surged by over 20% year-on-year, with occupancy rates exceeding 99% for Grade A and Grade B properties. These statistics paint a clear picture: demand for office space significantly outstrips supply

By providing landlords with the tools and resources to enter the co-working market, Hotdesk and Manassat aim to unlock a new wave of office space solutions in Saudi Arabia. This partnership will not only benefit landlords but also cater to the growing needs of businesses seeking flexible, on-demand workspace options.

Hotdesk’s on-demand coworking marketplace currently spans 1,500+ workspace in 50+ countries and 200+ cities, allowing users to easily book desks, meeting rooms, and offices by the hour, day, month, or year. Additionally, Hotdesk provides SaaS for businesses to optimize their real estate, and a coworking space management platform that empowers coworking spaces to streamline their day-to-day operations. Hotdesk is headquartered in Dubai and was founded in 2020 by Mohamed Khaled. Currently, Hotdesk operates in 200+ cities with over 50 employees.?

For more information, visit www.hotdesk.com.