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September 2022 Dubai Real Estate Market Snapshot

In this week's episode of Taking Care of Business, Operations Director Paul Kelly and General Manager Marc Walters explain the new changes that have taken effect across the Dubai Real Estate Market. One of these being that owners can now only list their properties for sale with a maximum of 3 brokers, however, Paul and Marc explain the substantial benefits of going even further, and listing with just one.

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New Changes to the Dubai Real Estate Market

In this episode of Taking Care of Business, CEO Lewis Allsopp and COO Carl Allsopp share 14 business lessons that the pair have learned from 14 years since founding Allsopp & Allsopp back in 2008. They also discuss personal lessons that have shaped the two of them, and Allsopp & Allsopp as a company over the years.

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14 Business Lessons for 14 Years in Business.

Overseas and intrigued about investing in Dubai? We've got you. Here's how you can do so.
To find out more, reach out to: Lee Weston on +971 58 577 8542 or click here to send a Whatsapp message: <a href="https://wa.link/fomxd9">https://wa.link/fomxd9</a> Amy Dixon on +971 58 545 7183 or click here to send a Whatsapp message: <a href="https://wa.link/zbl7v5">https://wa.link/zbl7v5</a>

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Thinking of buying in Dubai even though you're not a resident? We've got the answers you need 

Stay in Opera Grand, Downtown and enjoy breathtaking sunsets and full Boulevard street view from your apartment.


The apartment has elegant furnishings and decor, a fully equipped kitchen, and a large living area to relax in. You will have direct access to Dubai Mall, the Burj Khalifa, and the Dubai Fountains, as well as a variety of exceptional dining and leisure experiences.


For more info, contact us on +971 4 429 4444


View the listing on our website:<https://www.allsoppandallsopp.com/dubai/property/short-lettings/dubai-401446>

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Stay in absolute luxury right in the heart of Downtown Dubai, for under $84 a night.

Enjoy the Dubai lifestyle while admiring the full sea views from all rooms & live right at the beach!


This space in JBR has everything to make you feel at home – Wi-Fi, Smart TV with Netflix and YouTube, a washing machine, 2 king-size beds, a well-equipped kitchen, and tableware.


For more info, contact us on +971 4 429 4444



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A stunning sea view for under $80 a night! Check out this 2-bed JBR Dubai holiday home.

In this week’s episode of Taking Care of Business, CEO Lewis Allsopp and COO Carl Allsopp start off by celebrating Allsopp & Allsopp’s 14 year anniversary which happened this week! They then take a look into data from The Dubai Land Department and Allsopp & Allsopp for August, to give you the most comprehensive report on the current market conditions.



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What happened this August in the Dubai Real Estate Market? 

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Looking for mortgage rates? [Click Here](dubai/mortgages)
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 August 2022 Dubai Real Estate Market Snapshot

The World Cup is just around the corner and the planning needs to commence for all you football fans!
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Accommodation in Qatar for the world cup has already filled up. Many fans are turning to Dubai to book their accommodation. Short-term rentals in Dubai for the world cup period are expected to fill up as November approaches. 


Allsopp & Allsopp Holiday Homes are now taking short-term rental bookings for the Qatar World Cup period to make sure fans not only get to experience the best of football, but the best of Dubai too. Click the link below to enquire:


[Book Now](dubai/short-term-lettings-property-enquiry?pid=dubai-352289)

Qatar Airways, Kuwait Airways, Saudia, Oman Air, and flydubai announced on Thursday that they will be offering shuttle services for FIFA World Cup 2022 ticket holders from their respective countries.


These flights, which will massively increase available seats for fans, will arrive into Doha International Airport, in Qatar, and will operate in a similar manner as if they were domestic flights – rather than international.


From Dubai there will be 60 daily match day shuttle flights which means football fans can extend their trip and enjoy all Dubai has to offer at the same time! 


As well as looking for Fifa World Cup Dubai hotels, below are some Dubai holiday homes available in top locations for fans to enjoy tourist attractions, restaurants, bars and the all important football buzz they are seeking!


#### Downtown Dubai


#### Downtown:


Nestled in the heart of Downtown Dubai, this property has got everything you need for a perfect stay! Enjoy the balcony views, overlooking the pool and plan your day ahead whilst checking those all important scores!


.[https://www.allsoppandallsopp.com/dubai/property/short-lettings/dubai-369885](dubai/property/short-lettings/dubai-369885)


#### Dubai Marina:


#### Sunrise Bay 1907 (2BR):


This 2-bed property is situated on the beachfront just a 10-minute walk from Dubai Marina, overlooking an amazing view of the Palm Jumeirah. Everything from supermarkets to bars showing the Qatar 22 matches are available within walking distance.


The apartment is fully furnished and equipped to give you a more than comfortable stay, including incredible amenities such as a gym and pool.


[https://www.allsoppandallsopp.com/dubai/property/short-lettings/dubai-382238](dubai/property/short-lettings/dubai-382238)


#### Palm Jumeirah:


This 2 bedroom apartment gives you access to a magnificent beach, beautiful outdoor swimming pool and fully equipped gym and kids play area if the whole family is coming to enjoy the trip!


.[https://www.allsoppandallsopp.com/dubai/property/short-lettings/dubai-360771](dubai/property/short-lettings/dubai-360771)



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Stay in Dubai for Qatar World Cup 22

Holiday homes have become a firm favourite for visitors in Dubai. Below is a list of reasons why holiday homes can out-weigh a hotel stay. 


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#### It's more affordable


The price of a holiday home can be reasonably cheaper considering you will get a whole house with multiple bedrooms if you are going on vacation with your family. You will find yourself not paying hotel premiums. 


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#### You'll have more space


Holiday homes consist of whole apartments and villas rather than just a room. This way, you have the advantage of having your very own living and dining space making your vacation feel less compressed. 


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#### You'll get all the comforts of a home


Most holiday homes have a fully equipped kitchen and a washing machine and dryer. This way you can live like you would at home without having to pay extra for hotel services such as room service and laundry. 


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#### It's a better option for groups and families


Instead of having separate hotel rooms with a possibility of having them on different floors. A Holiday home can be a better option for friends travelling together as well as families. You will have a home with communal areas for you all to enjoy time together without having others around. You have the privacy to enjoy your holiday without  distractions. 


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#### You'll get to experience the community as a local


Holiday homes are located in different communities of Dubai, some of which are in exclusive luxury communities. This will give you the opportunity to experience the lifestyle of a local that you will not get from a hotel. 



#### So much more than just a room with a view


Holiday homes give you access to a world of one-of-a-kind opportunities. Have you ever dreamed of staying in a Scandinavian villa overlooking a beach? An ocean front bungalow in a city that has a back view of the Dubai Frame? A loft in the shadow of Burj Khalifa? Holiday homes have so much to offer and unique locations with different surroundings which are often not available in a hotel.



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Advantages of booking a Holiday Home instead of a hotel

The Holiday Homes market in Dubai has grown significantly over the last couple of years and many believed that Expo 2020 was a driving force behind the growth. With Expo 2020 now nearing an end, we may see a change in the holiday home market. 


During the Expo, Allsopp & Allsopp saw holiday home  lets bookings of up to a couple of weeks being the average booking time, however, bookings going forward have increased to an average of 30 days. We have seen many new expats moving into the city using holiday homes as their first point of call when looking for somewhere to live. 


It seems that this trend is becoming a staple in the holiday home  market which is excellent news for property owners who have leased out their property on a short-term basis. Of course, tourism will always be a factor when it comes to holiday homes but I see residents of the city taking advantage of the flexibility more. Allsopp & Allsopp saw a 24% increase in bookings from December, one of the most popular months for tourism in the city, to February 2022.  


Allsopp & Allsopp have seen an increase in investors buying properties specifically for holiday home use. They are enticed by the potential 20-30% increase in revenue when compared to an annual lease and are seeing an increasing market for this type of property. As well as the high return on investment, holiday homes offer owners the flexibility that annually let properties don’t. Owners can block time for themselves to use the property and don’t need to give a one year notice period to tenants.


Expo has brought millions of people to Dubai, many of whom who have been working on and at the event. I predict that a number of these people could be looking into a life in Dubai on a more permanent basis - a lot like tourists who fall in love with the city. Holiday homes is the next and most sensible step for these people. The properties offer enough flexibility to allow a test drive of Dubai life. 


Our holiday homes team have noticed that some people will book a holiday home in one community for 30 days and then go onto book a different community for a further 30 days. So, not only are they using the properties to test drive the city, but are using them to test drive different communities before selecting the right place for them before they make a more long-term commitment. This can be said for both tenants and buyers. Buyers, in some cases, are selling their property and using holiday homes as an option whilst looking for a new property to buy.


Key communities across Dubai are still a firm favourite for guests, however, communities such as Jumeirah Village Circle, Dubai Creek and Jumeirah Lake Towers are becoming increasingly popular with new expats. Expats are choosing locations that are close to metro stations, close to their new offices and further away from prime tourist destinations to avoid a premium price. 



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Holiday Homes are becoming a staple step when moving to Dubai

#### Advantages of booking a Short - Term Let instead of a hotel


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Are you planning to go on a vacation? Do you already have a place to stay? Here’s a list to guide you to choose whether to book a hotel or rent a vacation villa.


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1. It's more affordable


Price will be reasonably cheaper considering you will get a whole house with the most likelihood of getting the same amenities of a hotel, if not, more.


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2. You'll have more space


Our properties consist of whole apartments and villas. Which has the advantage of having its very own living and dining space.


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3. You'll get all the comforts of a home


Most of our vacation homes have a fully equipped kitchen, some have even a washer and dryer which give you the benefits of a home without spending some extra fees that hotels charge.


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4. It's a better option for groups and families


Instead of having separate hotel rooms with a possibility of having them on different floors. A Holiday home can be a better option for friends travelling together as well as families.


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5. You'll get to experience the community as a local


Our holiday homes are located in different communities of Dubai, some of which are in exclusive luxury communities. This will give you the opportunity to experience the lifestyle of a local that you will not get in any other hotel. 


![](https://strapiallsopp.s3.eu-west-1.amazonaws.com/notfound_518c82eeb7.png)


6. So much more than just a room with a view


Want a truly unique stay or vacation? Short-term lets give you access to a world of one-of-a-kind opportunities. Have you ever dreamed of staying in a Scandinavian villa overlooking a beach? An ocean front bungalow in a city that has a back view of the Dubai Frame? A loft in the shadow of Burj Khalifa? Well, stop dreaming and start doing. All of these once-in-a-lifetime experiences, and many, many more are just a few clicks away.



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STL vs Hotel

October is here, Autumn is upon us (if we can call it Autumn in the sandpit), and with the burning heat of the summer soon to be a distant memory, it is a great time to get out and explore what the city has to offer.


Aside from the obvious appeal of the white sand beaches and extravagant hotel pools that cover the city, there is an array of events and attractions taking place this October. Enjoying the outdoors will be unavoidable.


So here are our top recommendations:


#### Expo 2020!


Unless you have been living under a rock, you will know that the highly anticipated Expo 2020 kicked off with a bang on Friday 1st October. Running for 182 days, the Dubai Expo 2020 leads the way in bringing the world together to showcase culture and innovation. With tickets starting at just AED 95, this once in a lifetime event is not to be missed!


![October in Dubai Blog 02](images/dubai/News/October_in_Dubai_Blog-02.jpg)


#### Cinema on the Sand - Zero Gravity


A trip to the cinema, Dubai style! With fortnightly screenings from the 3rd October, Zero Gravity is now offering you the chance to watch classics the whole family will love. Get yourself comfy for Grease and the Greatest Showman, while enjoying the serene setting of the Dubai Shoreline. With tickets at AED 75, we suggest booking ASAP!


![October in Dubai Blog 04](images/dubai/News/October_in_Dubai_Blog-04.jpg)


#### Al Quadra Cycle Track


If you’re an early riser - this ones for you! Just beyond Arabian Ranches, you will find the start of the Al Quadra cycle track. The 50km track will take you around two hours to complete with the opportunity to view, arguably, the best unobstructed sunrise in Dubai! To make the most of this spectacular sunrise we recommend setting off at 5am - promise it’s worth it! Bike rentals start at AED 100, and are available for adults and children alike.


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#### Dubai Half Marathon


Put your fitness to the test this October, by signing up for the Dubai Half Marathon. The 21km route is strategically placed to pass some of Downtown Dubai’s most iconic buildings, making this a challenge worth training for. The event is being held on the 15th of October and is open to everyone. What are you waiting for? Sign up now!


![October in Dubai Blog 03](images/dubai/News/October_in_Dubai_Blog-03.jpg)


#### Dubai Safari Park


The Dubai Safari park has reopened this month for the winter season, and is better than ever! The redevelopment of the park sees the opening of the Leopard exhibition, and the start of many new animal shows. In true Dubai style, the park is home to the world's largest drive-through lion exhibition, which is sure to be a thrilling experience for the whole family. Open daily from 9am-5pm, put the Dubai Safari Park on your to do list this October!


![October in Dubai Blog 01](images/dubai/News/October_in_Dubai_Blog-01.jpg)



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October in Dubai

Hear Paul Kelly, Operations Director talk to The Business Breakfast this morning about Short-term lettings, and their inquiries rise by 107%.


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Short-term lettings enquiries rise by 107%

Short-term lettings have been on the rise for a number of years but in recent weeks Allsopp & Allsopp Real Estate have seen this increase significantly.


The brokerage reported a 107% rise in booking enquiries for short-term lets in the two weeks following the UAE being added to the UK’s Amber list compared to the two weeks prior to the announcement.


Lewis Allsopp, CEO of Allsopp & Allsopp says “We are seeing a lot of UK nationals enquiring for a maximum of two month stays in our short-term lettings units. This is mainly because they are unsure as to which area they would like to be when committing for a long term basis or while they wait for their Visa and Emirates ID to complete the long term process.


Short-term lettings is growing ever popular within the expat community, especially with those who are looking into life as an expat in Dubai. The enquiries we are receiving are for trial runs in a ‘home’ environment and people coming over for interviews and looking for jobs.”


The leading Dubai real estate brokerage is known for its expertise in the residential real estate market and opened a short-term lettings department in February 2021 after receiving more enquiries for short-term letting options from clients.


Allsopp explains “The covid-19 pandemic flipped a lot of people's lives upside down and some residents of the UAE were unfortunately left in wonderment of their future jobs and lives in the city. Short-term lettings was a great option for these residents whilst they navigated their way through uncertain times. People were less reluctant to commit to an annual lease during turbulent times and were far more interested in renting on a month by month basis whilst they made big decisions.


The pandemic also left tourists less inclined to book into hotels and rather stay in a private apartment or villa with their families for their vacation to keep themselves safe and have more control of their exposure to others. This has seen short-term lettings' popularity snowball and continue to do so.”


The short-term lettings market is becoming renowned for it’s rental yield and more property owners are leaning towards renting their properties out short-term rather than annually to get the most out of their investment.


Allsopp says “Property owners are becoming more educated in short-term lettings and once they can see past the initial costs to set-up their property with furniture and licensing, they can see that they have the potential to earn up to 20-30% more on their investment. Allsopp & Allsopp short-term lettings department have seen an increase in landlords signing-up by 75% from the two weeks before the UAE’s addition to the UK’s Amber list when compared to the two weeks after.


In my opinion, many property owners were awaiting the Amber light before setting up their property for short-term lease. I must point out that some of these properties that have been signed up are not immediately available but will be becoming available in the latter months of the year when tourism in the emirate is at its peak.”



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Short-term lettings becomes the go-to for new expats

Dubai residents looking to rent properties short-term (less than a 6 month contract) are on the rise! But what are the benefits of renting a property this way?


#### 1. Flexibility


If you are looking for somewhere to live whilst you sell your home and wait for your new home to be ready, a short-term rental is an ideal solution! Or maybe you are just testing Dubai but you want to have a feeling of actually living here and not living in a hotel - this is perfect! A short-term let can be a great solution for those who have just moved to Dubai. There is no rush or pressure to sign an annual lease on a property or shell out all of your savings on furniture until you feel like you know where you want to be and for how long. 


#### 2.Fully Furnished.


A Dubai short-term rental is usually completely ready to live in and fully furnished. This means tenants don’t need to worry about buying furnishings until they find a home they would like to commit to more long-term. As well as furnishings, a short-term let will have all white goods which makes life easy! You can save money on food deliveries and get cooking like you normally would. 


If you are temporarily moving into a short-term let property and have your own furniture ready for a move into your own home, you can easily store this and not have the stress of packing and unpacking twice! You can go to your short-term rental with no stress. 


#### 3. It has EVERYTHING


A short-term let property will have everything you would expect to find in your own home! There will be cooking utensils, tea towels, linen, curtains, towels, bedding and everything in between. You won’t be finding yourself rushing to the shops for an iron, you can move in with your suitcase and live like normal from the get-go!


#### 4. No long commitments


A Dubai short-term rental requires very little notice to end the tenancy. You no longer have to plan your exit months in advance like you do with a long-term rental contract. With this, if your situation changes quickly, you can move at the drop of a hat and don’t have any removal company costs to pay! Short-term letting is ideal for residents or people looking to move that are expecting circumstances to change or who are less inclined to make annual commitments and sign contracts which ties them in for a long period of time. 


#### 5. Monthly payments!


Lots of residents are looking for short-term lets as they get to pay monthly for their rent! This is ideal for those who do not have cash ready to put down on a property which requires perhaps one - four rental cheques within the year.



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Why tenants would consider letting on a short-term basis

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Things to do on The Palm Jumeirah

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Places to visit in Downtown Dubai

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Things to do in Jumeirah Lake Towers

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Things to do in Dubai Marina

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Things to do in Jumeirah Beach Residence

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Things to do in Dubai International Financial Centre

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Things to do in Business Bay

Dubai real estate leaders, Allsopp & Allsopp continue their business expansion with the launch of their short-term lettings department headed up by Maria Sale-Layug, who brings 15 years of experience after working in the industry since 2006. 


The real estate experts aim to bring a full concierge service to their guests and an extensive property management service to property owners streamlining the short-term lettings process for all parties involved.


Lewis Allsopp, CEO of Allsopp & Allsopp says “As a business, we are always looking for ways to grow and reach a different clientele. Short-term lettings was the next step for us and if we are being honest, is a market we could have stepped into a couple of years ago. However, we’ve had a lot of growth in this time with stepping into the commercial market and creating and launching our own real estate technology, The Platform by Allsopp & Allsopp. 


When we launch a new department we want to have all our ducks in a row before we go live. With short-term lets, we wanted to find the right person to head up the team and we have certainly found this in Maria. As well as 15 years of experience in the market, Maria has worked alongside the DTCM in the past to help bring about some of the rules and regulations in the industry. We have the business accolade and the market dominance in the Dubai real estate market but Maria brings an extensive knowledge and passion specifically for short-term lettings and we’re excited to see her excel in this role.’


Short-term lettings have recovered well post the Covid-19 lockdown in Dubai with enquiries coming from both guests and landlords as they navigate their way through the changes they have faced. 


Maria explains “Short-term lettings is an industry that is recovering well due to the anxiousness of travellers. People who are travelling for business and with their families are looking to stay in private accommodation - they are opting against hotel stays to avoid overcrowding. Short-term lets give guests the opportunity to cook their own food and keep their social bubble small whilst still feeling as though they have had a holiday and a break from their usual surroundings. 


Many landlords have enquired about short-term lets due to a change in circumstance and a repel from long-term commitments. 


Maria continues “Short term lettings first and foremost offer a higher ROI for Landlords and secondly, it offers much more flexibility over the property. If a Landlord feels they might want to sell at some point, they don’t have to give the mandatory one year notice to a sitting tenant. If it’s a second property, landlords can earn an income but still have the property for their own use at periods throughout the year, or even retain the option to move back into it themselves, should the need arise at any point. 


With rental prices low, investors are educating themselves on the short-term lettings market as they see more profit can be made and it gives them time to think about future plans they may have for the property whilst receiving an income from it. The option is always there for a landlord to revert back to the long term lettings market at any time, if they want to. “


The real estate leaders are looking to invest in the short-term industry to enhance guest and landlord experience by means of technology. 


Allsopp explains “The real estate industry as a whole needs to modernise and adapt to the world we live in. If 2020 has taught us anything, it’s that people want to be able to do everything from the comfort of their home easily and efficiently. The Platform by Allsopp & Allsopp, launched in 2019 is only the first step into the Proptech world for Allsopp & Allsopp. We have plans and ambitions to take Proptech further and implement tech to serve the short-term lettings industry in Dubai.”



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Allsopp & Allsopp Expand into the Leisure Industry with the Launch of a Short-Term Lettings Department

With the summer in full swing and Covid-19 restricting our travel plans, we’ve come up with some fun family outings for the weekend.


Please note: If you decide to take a trip to Abu Dhabi, a Covid-19 test will need to be shown in order to cross the border.


**La Pearl**


![Exciting Attractions Opening in the UAE 1](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Exciting_Attractions_Opening_in_the_UAE_1_c8eb9a3a7c.jpg)  
La Pearl, Dubai’s legendary live performance is welcoming guests back for its breathtaking aquatic show.


Enjoy the show’s newly tweaked edition which features an energy like never before and a breathtaking thrill. There will be two shows daily, at 6pm and 9pm.


Thanks to Dubai Summer Surprises, you can now enjoy some major savings on ticket prices. Prices start from just Dhs119 for Bronze seating, including free popcorn and a soda and an incredible staycation offer with 2 tickets and a 1 night stay in Al Habtoor Palace with prices starting at AED 438


**Clymb**


![Exciting Attractions Opening in the UAE 2](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Exciting_Attractions_Opening_in_the_UAE_2_31551d9035.jpg)  
Tackle the Himalyian Climb Wall or maybe take a whirl in the Skydive Chamber - this magnificent adventure hub is opening its doors again on the 29th July in Abu Dhabi just in time for Eid and we’re excited!


You can get in a good workout on the climbing walls and get competitive with friends. The walls can be physically challenging but you can have a go on the beginner section before tackling the more difficult climbs. It’s great fun and don’t worry - there is a safety brief and all safety equipment is provided.


**Ferrari World**


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Adrenalin junkies can take a trip to Abu Dhabi this Eid as Ferrari World opens its doors again on July 29th.


Enjoy a number of rides which will be open but be aware that some rides including the world’s fastest roller coaster; the Formula Rossa will be closed for the time being and masks must be worn at all times.


With lots of kids rides and adults too - Ferrari World is a day out not to be missed. The amusement park has something for everyone and if you like cars it’s an extra bonus!


**Warner Bros. World**


![Exciting Attractions Opening in the UAE 4](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Exciting_Attractions_Opening_in_the_UAE_4_b5bd6f86da.jpg)  
Also opening on the 29th July, is the incredible Warner Bros. World Abu Dhabi. Take the kids and have an amazing day exploring all the different lands and transport yourself to another realm for a day.


Enjoy the rides through Bedrock, wander around the Warner Bros Plaza, take a ride on Superman 360 in Metropolis and indulge with an abundance of food outlets to choose from throughout the park.


**Jumble**


![Exciting Attractions Opening in the UAE 5](https://strapiallsopp.s3.eu-west-1.amazonaws.com/Exciting_Attractions_Opening_in_the_UAE_5_eba1a0e02e.jpg)  
Opening with a huge 35% discount, this mind stimulating adventure park on Sheikh Zayed Road, Al Barsha 1 is the place to go this Eid if you’re up for a challenge with friends! You need a minimum of 3 people to play and keeping to the social distancing rules, you can have a maximum of 5 team members.


Jumble is great fun and you are free to explore as you please. There are no restrictions or time limitations to the challenges. You can take on a physical challenge and then head over to another room to be mentally stimulated - the choice is yours.



Keeping you up to date with everything that is happening in the Dubai property market.

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