- Premium rates: Short-term rentals often command higher nightly rates compared to the pro-rated monthly rates of long-term leases.
- Seasonal demand: Dubai’s tourism peaks can lead to significantly higher rental income during high-demand seasons.
- Dynamic pricing: Investors can adjust rental prices according to market demand, events, and seasons, maximising revenue potential.
- Property usage: Owners retain the ability to use their property personally between bookings.
- Frequent turnover: Shorter stays mean less risk of dealing with problematic tenants, as guests typically stay for shorter periods and under stricter terms.
- Easier eviction: It’s easier to manage issues as contracts are shorter and less binding compared to long-term leases.
- Regular maintenance: Frequent cleaning and inspections between guest stays ensure the property remains in good condition.
- Immediate repairs: Issues are often addressed promptly to maintain guest satisfaction, preventing larger problems from developing.
- Global platforms: Listing on international platforms like Airbnb, Booking.com, and VRBO increases visibility and attracts a global audience.
- Positive reviews: Good guest reviews can quickly build a property’s reputation and demand.
- Adaptability: Investors can more quickly respond to market changes and adjust rental strategies compared to being locked into long-term leases.
- Event-based pricing: Ability to capitalise on major events and exhibitions in Dubai, such as the Dubai Shopping Festival, Expo events, and international conferences.
- Supportive policies: Dubai has a relatively supportive regulatory environment for short-term rentals, with a streamlined licensing process through the Dubai Tourism and Commerce Marketing (DTCM).
- Perceived value: Regular updates and maintenance to attract guests can keep the property in top condition, potentially increasing its market value.
