Sonder, the short-term rental company in major cities around the world, announced last week that it is winding down operations immediately. On Monday, November 10, the firm revealed plans to file for bankruptcy in the US to liquidate its assets and to initiate insolvency proceedings in other countries where it operates.
In Dubai, Sonder offered apartments in popular areas such as Downtown Dubai, Business Bay, JBR, and Dubai Marina, promoting them as premium, fully serviced short-term rentals. Property owners or developers in Dubai who worked with Sonder may now need to re-list their units on other platforms or switch to traditional leases. Attempts to book any of the Dubai properties through Sonder have been unsuccessful.
The company…