And with the market currently on the rise, did you know that short-term rentals are up by 30%? Are you considering investing in a property, because it can’t get better than a holiday home. Enjoy the flexibility of not being restricted to a twelve month contract and have the chance to an extra rental income - tax-free!
Let’s get right into it…
Being the centre of the city, home to the world’s tallest tower and biggest shopping mall - Downtown Dubai’s iconic neighbourhood is not just home to Dubai Mall and Burj Khalifa, its also home to exciting retail outlets and entertainment venues such as the Dubai Opera.
Downtown Dubai has an incredible range of skyscrapers with studios to three-bedrooms that have beautiful city views and of course, who wouldn’t want to wake up in front of the Burj Khalifa? Totally insta-worthy views!
So, if you’re looking into investing in Downtown Dubai - You could expect a return on investment of 5-6% on a regular rental income but with short-term rentals you have the flexibility of taking your property on and off the market at your convenience and have a chance to make a higher percent on return on investment. And demand for serviced apartments with world-class amenities is much higher!
As for the listings, you could expect a one-bedroom per night to be at AED 350 per night!
One of Dubai’s oldest party and play spots has to be Dubai Marina, it's not just home to beautiful sunsets and skyline views but also has a 2km boardwalk around the Marina with retail outlets, multiple restaurants, hotels and Dubai Marina Mall.
Dubai Marina is largely home to skyscrapers and has a lot of furnished apartments up in the sky ranging from studios to four bedrooms. And, if Dubai Marina is on your mind for holiday homes, its near by to multiple tourist attractions such as Jumeirah Beach Residence - where there are multiple retail and hospitality outlets. Its also minutes from the Bluewaters Island which is home to the biggest ferris wheel - Ain Dubai and multiple retail and hospitality outlets.
The expected return on investments for Dubai Marina ranges from 7-8% and as for listings you could expect rates to start at AED 250 for one night.
As one of the city’s upcoming spots, Dubai Creek Harbour sits opposite Dubai’s beautiful skyline and has stunning lagoon views too.
Dubai Creek Harbour has a strip of retail outlets and restaurants and is home to a range of skyscrapers. It is ten minutes from Dubai’s top tourist destinations such as Downtown Dubai, Dubai Hills Mall and Jumeirah Beach.
The expected return on investment in Creek Harbour ranges from 4-5% annually and can expect rates per night for a one-bed apartment to start at AED 220 onward.
JBR is possibly one of Dubai’s most hip and vibrant communities and is perfect for young adults looking to catch a fun time in the city. It sits right by the beach and is home to a wide range of hotels, spas, retail outlets, restaurants, bars and clubs.
JBR has a large walk by the water known as The Walk where residents even have their own cinema and mini-mall for some last minute shopping. JBR only has skyscrapers and has views overlooking the Arabian Gulf. There are many watersports and outdoor activities for travellers to enjoy here.
It's only a bridge walk across from Bluewaters Island where the AIn Dubai -The world’s largest ferris wheel sits and has easy access to public transport stations such as the tram, Dubai Metro and taxis.
The expected return on investment in JBR ranges from 6-7% with the price for one night at a one bedroom holiday starting at AED 300 on average.
Bluewaters Island is a must-visit destination for those seeking a luxurious vacation in Dubai, located near renowned tourist hotspots such as the Dubai Marina and JBR. Boasting the iconic Ain Dubai, a spectacular observation wheel akin to London Eye, and a range of opulent waterfront living options, this area is perfect for indulging in leisure and entertainment.
You could bask in the sun on sunbeds at the beach or revel in the night at Cove Beach. Satisfy your taste buds with the exquisite dining options that Bluewaters Island has to offer, featuring international cuisine from around the world. High-end retail options are also available in the area for those who love to shop. The well-equipped skyscrapers in Bluewaters Island provide ideal proximity to all these amazing offerings. This man-made island by Meraas is a comprehensive lifestyle destination, complete with hotels, beach clubs, leisure, and entertainment options.
On average, return on investments at this island range from 6-7% with a one-bedroom price for one night starting at AED 300.
If you’re convinced, talk to our in-house holiday homes experts on how you could list your property as a short-term rental and get rentin’!