The rental market in Dubai undergoes significant changes under the influence of the growing popularity of short -term lease. According to the latest data, the demand for short -term lease increased by 30% compared to the same period last year. The industry experts note that this trend has a revolutionary effect on the real estate market of the region, providing experienced property owners with the opportunity to make high profit, and visitors are attractive placement options.
The growth of demand is due to an increase in tourist flow and the desire of people to have more flexible living conditions. Miles Rotwell, Managing Director of Edwards and Towers, leading brokerage real estate and research company in Dubai, notes that short -term rental has become incredibly popular. Investors who choose this path receive income 20% higher than with traditional long -term lease, which, in turn, provides a stable income with an annual yield of about 7%.
Thus, short -term rental is becoming an increasingly attractive segment of the Dubai Real Estate market, offering both investors and tourists profitable and convenient decisions.
The growth of demand is due to an increase in tourist flow and the desire of people to have more flexible living conditions. Miles Rotwell, Managing Director of Edwards and Towers, leading brokerage real estate and research company in Dubai, notes that short -term rental has become incredibly popular. Investors who choose this path receive income 20% higher than with traditional long -term lease, which, in turn, provides a stable income with an annual yield of about 7%.
Thus, short -term rental is becoming an increasingly attractive segment of the Dubai Real Estate market, offering both investors and tourists profitable and convenient decisions.
The search for the perfect option of short -term lease requires a thorough approach, emphasizes Sheriff Slaiman, Director for income in Property Finder. According to their study, families, in particular, are looking for housing in communities with developed infrastructure, a rich entertainment component and convenient transport accessibility. Such demand creates attractive opportunities for investors who want to get maximum profitability from their real estate objects. The growth of the popularity of short -term rental is a promising development in the UAE real estate sector, which, according to experts, will continue to develop.
In addition to the growth of demand, certain areas of Dubai become more and more in demand for short -term rental. According to Anthony Joseph Abu Jude, the founder of Primestay, Business Bay, Arjan, Jumeirah Village Circle, Downtown Dubai, Palm Jumeirah and Damac Hills are particularly popular. These areas offer residents a unique experience that combines prestigious amenities, a fashionable atmosphere and proximity to key attractions of the city. Thus, a combination of developed infrastructure and attractive location makes these areas ideal for short -term rental.
“In recent years, Dubai has become a luxurious travel place, and visitors are ready to pay more for high -class accommodation. A significant trend is that families and groups prefer larger holiday houses compared to several hotel rooms, increasing the demand for villas for relaxation and spacious apartments for short -term rental. At the beginning of 2023, in 2024, the growing demand of Dubai for short -term lease provides tenants with profitable opportunities for high performance and attractive lease return. The bright tourist scene of Dubai provides a high demand for short-term rental, offering tenants and investors a steady and profitable flow of income, ”says Anthony.
As winter approaches, the city gathers a surge from visitors with a variety of tastes and preferences. The preservation of the finger in the pulse of these needs is crucial for investors who seek to maximize the value of property in this segment.
“The short -term Dubai rental market is experiencing rapid growth when new operators go on stage. Nevertheless, the market remains fragmented, and the five best companies make up less than 10 percent of offers. Over the next two or two years, I expect a wave of consolidation, when some operators will increase to more than 100 units, while others can leave the market. We can also expect more stringent state rules to ensure compliance with licensing and leading principles. In addition, technological achievements, such as tools controlled by artificial intelligence and the functions of an intellectual house, will improve both guest experience and operational efficiency. Finally, as the remote work becomes more widespread, we foresee the growing demand from digital nomads looking for flexible, short-term housing, ”says Nina Klishevich, general director of Blueground, operator of the largest curatorial network of furniture rents in the world.
Bearing strong potential profit, short -term rental offers should be well suited for both regulatory and consumer requirements. Key points for investors who will keep in mind when the service of the segment includes:
Clarity and compliance with regulatory standards: Make sure that you have clarity in all involved regulatory processes, with an accent on health and safety, quality protocols and measures of consumer protection.
Technological integration: Find new ways to make your living space of the hyper convenient and connected to your potential tenant, deploying Smart Home devices that can improve the experience of guests and help post the optimization of their activities.
Clarity and compliance with regulatory standards: Make sure that you have clarity in all involved regulatory processes, with an accent on health and safety, quality protocols and measures of consumer protection.
Technological integration: Find new ways to make your living space of the hyper convenient and connected to your potential tenant, deploying Smart Home devices that can improve the experience of guests and help post the optimization of their activities.
Initiatives for sustainable development: promoting environmentally friendly practices in the short -term lease, such as the use of energy -efficient devices and stable building materials, corresponds to wider environmental goals and attracts environmentally friendly travelers.
Trusted platforms: Use trusted real estate search platforms to demonstrate your short -term lease for the global audience.
