Short-term rental is gaining momentum

The growth of short-term rentals in Dubai is a noticeable trend, shaped by an increasing number of tourists and businessmen visiting the metropolis. Transitioning to short-term rentals can be a profitable decision and can offer investors not only higher profits, but also flexibility in asset management. 

Why is this happening? 

Dubai remains one of the main hubs for tourism and business in the world, with its attractiveness to foreign visitors constantly growing. Major events, functions, and exhibitions, such as Expo 2020, increase the flow of tourists, including those looking for alternatives to hotels. Globally, the development of the emirates, infrastructure, and various economic sectors stimulate demand for short-term accommodation. 

Advantages of short-term rentals. 

Short-term rentals provide the opportunity for higher profits compared to long-term rentals. While long-term rentals offer stable income, short-term rentals can provide 20-25% more income over the year, assuming a minimum occupancy rate of 80%. 

Current trends show that rental rates in Dubai have significantly increased - from 20% to 60% depending on the district. This creates favorable conditions for owners and allows them to adjust prices based on market conditions and take advantage of demand during peak periods. 

Choosing properties for short-term rental. 

Premium real estate in key areas of Dubai, such as Dubai Marina, Business Bay, Downtown, and Palm Jumeirah, are considered the most liquid for short-term rentals. These districts attract tourists with their developed infrastructure, prestigious lifestyle, and excellent transport links. 

Luxury apartments and villas with private pools and beach access are particularly popular among families and groups of people seeking a more secluded vacation. 

Contact the experts at Kalinka, and we will help you choose highly liquid real estate for rent, resale with capital growth, or personal residence in the UAE.