Short term rentals in Dubai are available for tenants to book your property for a period of one night or up to 180 days. Tenants are looking for shorter-term commitment and in the process, your property is losing out on yearly rentals.
In Dubai, we have 20,700 units registered under short term rentals out of which 15,000 are active. These homes are mostly concentrated in touristic places like Dubai Marina, Jumeirah Beach Residence, Palm Jumeirah, and Downtown, Business Bay, City Walk, and DIFC. Due to the rise in the vacancy period in a 3-year cycle, landlords have to cut down on rent. With over 300% increase in the number of homes by 2020, leasing out homes for a shorter-term seems inevitable and highly profitable.
- It promises a higher yearly yield, shorter period of vacancy and freedom of use.
- Short stay contracts require no Ejari registration (tenancy contract registration) of the said contracts. Therefore the landlord has full control of the prices.
- It is fiscally sound and encouraged.
- In Dubai, a 25-40% increase in earnings through short term rentals has been reported.
- Hassle-free property management wherein the operator takes care of furnishings, maintenance, and marketing of the property.
- With a higher influx of tourists and business travelers, short term rentals are gaining higher popularity
Enter: Primestay, Provident Estate’s subsidiary holiday home rental company. We take your property, prep it up, our property management takes care of the finer details, and with a final -professional photoshoot, we enlist your property on various online holiday home websites including AirBnB, Booking.com, Expedia, OyoHomes, BnBME, and the likes as well as 27 different portals.
Our team takes care of the contracting, booking, maintenance, check-in & check-out, interior management, as well as tenant screening, and provide them with 24/7 concierge service.
With us taking care of your holiday home, you can be rest-assured that you will always get the best returns from your property investment as well as keeping it in perfect condition due to our quarterly MEP check.
Are you excited to earn the best ROI ever? let’s have a quick chat!