Lemon Spaces

What Lemon Spaces does

Lemon Spaces is an Egyptian furnished apartment rental platform founded in 2018 and headquartered at 16 Mohamed Thakeb St., Zamalek, Cairo. The company operates a direct-to-consumer platform at lemonspaces.com and a mobile application that aggregates a portfolio of professionally designed, fully furnished apartments across 84 Egyptian neighborhoods, with coverage spanning key Cairo districts (Heliopolis, Zamalek, Downtown, New Cairo, Garden City, Maadi) as well as leisure destinations (North Coast, El Gouna). Lemon Spaces serves individual travelers, tourists, expatriates, and business visitors seeking short-term stays and extended accommodations of one month or more, while on the supply side it serves individual property owners and real estate developers (including a strategic partnership with Al Ismaelia Development for Downtown Cairo) by providing full-service property management.

The company's underlying technology stack centers on an online booking platform with 360° virtual walk-throughs, contactless self check-in, 24/7 online guest assistance, automated property management operations, and noise detection sensors installed in units for community management. Authentication is handled via third-party social login providers (Facebook, Google, LinkedIn) and payments are processed by a third-party payment processor. The platform supports both guest-facing self-serve booking and a partner-facing portal that handles property owner application forms, inspections, agreements, and ongoing operations management. The company maintains a presence on Facebook, Instagram, and LinkedIn for brand visibility and partner recruitment.

Lemon Spaces operates a hybrid two-sided business model. On the demand side, revenue is generated from short-term rentals, extended stay reservations (one month or more), and subscription/membership agreements, supplemented by fee-based on-site services including cleaning, babysitting, local tours, parking, and special events. On the supply side, the company either leases properties directly from owners at negotiated rates (capturing the spread between owner lease payments and guest rental rates) or provides full-service property management including furnishing, decoration, maintenance, cleaning, guaranteed reservations, automatic rental payments, and damage liability insurance, marketed without commission or hidden fees. Pricing is quote-based, not publicly disclosed, with discounts available for stays of one month and above. The company claims 2,000+ spaces in its portfolio and operates with 51–100 employees.

Name

Lemon Spaces

Legal name

Lemon Spaces

Website

https://lemonspaces.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Lemon Spaces is an Egyptian furnished apartment rental platform serving travelers, expats, and business visitors with 2,000+ professionally designed spaces across 84 neighborhoods in Cairo, North Coast, and El Gouna, while also providing full-service property management to owners and developers.

Ownership category

akta.pro rank

Product category

Serviced Apartments and Short-Term Rental Management

NAICS

Rental and Leasing Services (532), Consumer Goods Rental (5322)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Owner Services, Reporting & Portfolio Administration (THAMAKAI)

akta.pro secondary industries

Standard Turnover Cleaning (Cleaning + Reset) (HSAEAEAA), Turnover Cleaning for Luxury/High-End Properties (HSAEAEAH)

Keywords

• Furnished apartment rentals
• Serviced apartments
• Short-term rental management
• Vacation rental properties
• Extended stay accommodations

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Short-term Rentals (STA/Hotel Reservations): Revenue from booking furnished apartments for short-term stays. Guests pay for reservations at specific Properties for personal and non-commercial purposes.
2. Extended Stay Reservations: Revenue from longer-term accommodations under Extended Stay Agreements with specific terms and conditions.
3. Subscription/Membership Reservations: Revenue from membership agreements that provide recurring access to Properties under specific terms.
4. Property Lease from Owners: Lemon Spaces leases properties from owners at negotiated rates and rents them to guests, earning the margin between owner lease payments and guest rental rates.
5. On-Site Services: Additional fee-based services such as cleaning, babysitting, local tours, parking, and special events offered to guests during their stay.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Lemon Spaces acquires, leases, furnishes, and manages residential properties in Egypt and rents them as fully furnished, professionally designed serviced apartments to travelers for short-term, extended, and subscription-style stays. It also offers a full-service property management solution to property owners covering maintenance, cleaning, furnishing, guest vetting, and automated rental payments.

Product overview

Lemon Spaces is a furnished apartment rental platform operating primarily in Egypt, covering areas including Heliopolis, Zamalek, Downtown Cairo, New Cairo, Garden City, North Coast, El Gouna, and Maadi. The core offering is a portfolio of fully furnished, professionally designed rental spaces with contactless check-in, 24/7 online support, virtual walk-through capabilities, and ongoing space care. The product portfolio spans short-term STA/Hotel Reservations, Extended Stay Reservations for longer-term stays (one month+), and a Property Management service for landlords that covers maintenance, cleaning, furnishing, guaranteed reservations, and automatic rental payments.

Differentiator

Problem solved

Functional benefit

Products and services

• Furnished Apartment Rentals Short-term and extended rental of fully furnished, professionally designed apartments across Egyptian neighborhoods (Heliopolis, Zamalek, Downtown, New Cairo, Garden City, North Coast, El Gouna, Maadi), equipped with kitchen and bathroom essentials, bed linens, high-speed WiFi, and first-entry amenities. Target users are individual travelers, tourists, expats, and business visitors seeking home-like stays with hospitality services.
• Property Management for Landlords Full-service property management offering for landlords and real estate developers in Egypt, including guaranteed reservations, fully managed maintenance, professional cleaning, furnishing and decoration, automatic rental payments, damage liability insurance, and vetted guest placement — with no commission or hidden fees.
• Extended Stay Reservations Longer-term accommodation reservations (1 month and above) under Extended Stay Agreements for business executives, expatriates, and other guests needing reliable, well-maintained furnished apartments in strategic Egyptian locations.
• On-Site Guest Services Additional fee-based on-site services offered to guests during their stay, including cleaning, babysitting, local tours, parking, and special events — extending the core furnished apartment rental with concierge-style hospitality offerings.
• Nile Panorama Apartment A premium furnished apartment rental unit on the 24th floor with a direct panorama view of the Nile on the Corniche, offered as part of the Lemon Spaces furnished apartment rental portfolio.

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Al Ismaelia for Real EstatecoreStrategic or Co-development Partner · 1 January 2021Partnership announced in January 2021 to capitalize on exemplary locations, authenticity of city center's architecture & culture, and surrounding iconic places to visit in Downtown Cairo. Al Ismaelia Development, focused on reviving Downtown Cairo while maintaining its history, partnered with Lemon Spaces to offer a Downtown living experience to guests.
• United Nations (UN)minorOthersUN logo appears in the About Us page partners section alongside other corporate partner logos.
• Samcrete DevelopmentsminorOthersReal estate developer partner shown in About Us page partners section.
• Vodafone EgyptminorOthersTelecommunications partner shown in About Us page partners section.
• Sixt EgyptminorOthersCar rental partner shown in About Us page partners section.
• Beanos CafeminorOthersCafe located next to Iconia Zamalek property, mentioned in customer testimonial as a nearby amenity.

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Houst: Airbnb management and co-hosting service for short-let property owners. Comparable in full-service property management for furnished short-stay apartments, including guest vetting, cleaning, and revenue management.
• GuestReady: Short-term rental management and co-hosting company operating in MENA and Europe. Closely comparable to Lemon Spaces' property management offering for owners, including listing optimization, guest communication, cleaning, and dynamic pricing.

Regional players

• Luxury Living: Dubai-based vacation rental and property management operator for premium furnished units. Comparable in full-service furnished apartment management and high-end guest targeting, though focused on UAE rather than Egypt.
• Deluxe Holiday Homes: UAE-based short-term rental operator focused on premium furnished apartments. Comparable in business model (professionally designed, fully managed furnished units) and target guest (high-end travelers and corporate housing), though operating in a different geography.

Emerging players

• Lavanda: Tech-driven extended-stay and corporate housing platform. Comparable to Lemon Spaces' Extended Stay and Subscription/Membership Reservations segment targeting business travelers and expats requiring 1-month-plus furnished stays.

Broad incumbents

• Booking.com: Major online travel agency with a large vacation rental and alternative accommodation inventory in Egypt. Directly comparable in the short-term furnished apartment category Lemon Spaces serves, though Booking.com's portfolio is much broader.
• Vrbo: Expedia-owned vacation rental marketplace focusing on whole-home stays. Comparable to Lemon Spaces in the alternative-accommodation booking model and target traveler segment (families and groups seeking furnished apartments).
• Airbnb: Global short-term rental platform with growing presence in Egypt. Comparable because Lemon Spaces competes for the same Egyptian traveler demand and property owner supply, although Airbnb operates a global marketplace rather than a managed-inventory model.

Others

• Guesty: Property management software platform for short-term rental operators. Adjacent peer because it powers operations for many vacation rental managers like Lemon Spaces, and competes in the same owners' tech stack purchasing decisions.
• Smoobu: Vacation rental software and channel manager for short-term rental hosts. Adjacent peer as a potential technology enabler or competitor to Lemon Spaces' in-house automated property management platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/lemonspaces
• LinkedInlinkedin.com/company/lemonspaces
• Instagraminstagram.com/lemonspaces

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lemon Spaces