Staff Report,
Dubai, UAE
Stella Stays, a global proptech company, has signed contracts for two new buildings in Riyadh, Saudi Arabia, with the properties located in the vicinity of King Fahad Road. Set to open later this year, the two new branded residences are the company’s third and fourth towers in Riyadh since its entry in the city in June 2022.
The residences are comprised of 162 apartments. Each unit is equipped with smart home features that allow residents to control lighting, temperature, and security systems remotely. Additionally, Stella Stays’ proprietary mobile app provides residents with access to a range of services, including concierge assistance, maintenance requests, and community events.
Mohannad Zikra, CEO and founder of Stella Stays, said, “Our journey since launching in Riyadh has been marked by significant achievements and learning. As we embark on the next chapter with our two new buildings, our mission remains steadfast: to innovate, excel, and satisfy our customers. This expansion is a strategic step towards our goal of becoming a globally recognized leader in branded residences.”
He further added, “At Stella Stays, our mission goes beyond simply providing accommodation; we strive to create immersive living environments that cater to the evolving needs of our residents. Our branded residences are designed to offer a seamless blend of simplicity, technology, and convenience, setting a new standard for modern living.”
Proptech ventures like Stella Stays are set to transform the real estate landscape of Saudi Arabia with the integration of technology. They will attract more investors and home buyers into the country, thereby elevating its position as a property hotspot in the region.
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