Why Should You List Your Property as a Vacation Rental in Dubai?
Do you think that becoming a holiday rental property owner is really what it's been made out to be? In cities such as Dubai, it's yes!
It is believed that the Dubai holiday home market has increased rapidly after the devastation of the pandemic. A growing number of investors are considering buying a home and utilizing it as an investment property in Dubai to make a profit.
Indeed, research has revealed that realtors in UAE residents can earn an additional 50% by renting their homes out as holiday residences instead of renting them out for a regular period. "Depending on the area in which the property is located, owners can earn between 10 and 50% more than a conventional long-term lease.
The main benefit is that, once they start renting their properties, homeowners earn up to an additional 25% year after year and can also become holiday hoteliers.
The Benefits Of Investing in a Holiday Rental Investment
- Prices can be increased depending on the season and the demand
- Homes for the holidays generate higher ROI
- A vacation rental could be a great way to offset the cost of retirement
- The Holiday Homes market is becoming more popular and is being regulated in Dubai
Dubai is the World's 4 City For Holiday Homes
A new report in Khaleej Times states that Dubai was ranked the fourth most desirable destination for homes to rent, while Abu Dhabi ranked three third. The report also revealed that the price of living in Abu Dhabi and Dubai for four families is lower than in other cities famous for holiday homes, such as Rome, New York, Lisbon, and Marbella.
Additionally, travelers are flying in or out of Dubai due to recent landmark developments to experience the city's many leisure opportunities and high-end amenities.
Staycations In High Demand
Because of the restrictions on travel during the peak of COVID-19, the city's residents have become tourists in their cities and choose to make up for travel by booking staycations in Dubai. The increase in demand for staycations has increased the development of Dubai's holiday homes market.
People are now staying in vacation homes instead of hotels for various reasons. This is particularly true since it has become the Covid pandemic. Many appreciate the space and comfort the holiday home offers instead of spending time in cramped hotel rooms.
Problems with vacation rentals in Dubai
As with any investment, you will face a few challenges when managing your holiday home. There are a few of them:
- Holiday rentals for homes are expensive to operate, particularly with the seasonal maintenance
- Economic declines impact vacation rentals
- Rules and regulations may be changed
- There is a lot of competition in the market
- It's often difficult to verify guests - often, you'll encounter people who could be better.
It's good that these issues are easily solved with the help of an experienced vacation rental manager! Many companies have been serving guests and customers for seven years. Property owners trust their ability to offer Dubai's top vacation rental management services that guarantee the highest quality of property care and return on investment!
