Rental riches - How do short-term rentals hold the key to 30 percent higher returns in Dubai?

Holiday homes such as Airbnbs in Dubai are rapidly becoming a hot alternative to traditional annual rentals, especially with the city's booming tourism industry.

Yup, you read that right.

With the market currently performing at its best (in fact, it’s currently at a three-year high) and tourism spending hitting the AED 110 billion mark, there has never been a better time to cash in on your own slice of success through short-term rentals.

If that wasn’t convincing enough - Dubai Airport has also been ranked the busiest airport in the world, welcoming nearly 87 million tourists a year.

So, whether you’re a buyer or investor, looking to boost your returns or just make some extra cash on the side - big or small, short-term rentals could be your answer.

In 2022, the return on investment (ROI) for short-term rentals in Dubai shot up from 10-12% to almost 30% by the end of 2023! Holiday homes are a great place to start if you're interested in making some passive income through short-term rentals.

Holiday homes’ occupancy rates are currently at their busiest - and set to get even busier!

How busy can it get?

Take a holiday home of ours in Palm Jumeirah, Tiara Residences for example - a two-bedroom waterfront apartment which generated AED 204,749 in revenue in just six months.

With an initial annual rent projection of AED 210,000 - it generated close to the annual figure in just six months!

The best part? We secured our client a 93% occupancy rate.

How can you get started?

We’re here to make things as simple as possible for you.

Simply get in touch with us by clicking here and our team will chat you through what the process of listing your property as a holiday home will look like.

We’ll then arrange a valuation with our team, who will pull up an annual rent projection on what we predict you could expect to earn month-on-month.

Once the formalities and inspections are all completed, you’ll be ready to get your holiday home on the market! How easy was that?

Plus, when you list your property with Allsopp & Allsopp Holiday Homes, you can rest assured that your property will be taken care of from every aspect. From bookings and guest relations to maintenance issues, we’ve got it all covered ensuring your property is always well looked after!

But what if you’re planning to sell your property?

Fear not, with holiday homes regardless of where they are listed, there are no requirements to provide a 12-month written notice to your tenant as you have full control over your contract! You could extend or end the contract on your terms at your convenience, hassle-free.

If it's the flexibility you’re looking for, then sit back and relax as you have the freedom to rent your property for as long as you desire, without being stuck in a year-long contract.

Convinced?

If you’re considering getting your property on the market as an Airbnb, get a free proposal from our in-house team!

And if you’re looking to invest, then take a look at some of our live listings!