08/27/2019
Meet Mark Kennedy, the millionaire who built his fortune on rental homes in Dubai
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His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, once said, “Opportunities are made. They do not just lie around waiting for someone to grab them.”

For 31-year-old Mark Kennedy, cofounder and CEO of Kennedy Towers, Dubai’s largest short-term rental management company, the opportunity to seize the day came in 2015 when the Dubai government started giving out licences to short-term and holiday home operators. It didn’t matter that he was 27 then, in the middle of pursuing an executive MBA and had limited real estate experience. What he did have was a sound knowledge of marketing and technology and family members with extensive real estate expertise, whom he could partner with. Together, they had the determination to make the most of the opportunity they saw in Dubai’s rental market. Today, Kennedy Towers is valued at Dh70 million and manages assets of more than a billion dirhams.


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