Short Term Rentals, a better deal for tourists and homeowners alike
Dubai’s residential supply market is rapidly increasing with an additional 47,502 apartments and villas expected to be handed over just in time for the much-anticipated Expo 2020. (based on figures from Dubai Pulse, the open-data platform initiative from smart Dubai office, and compiled by real estate portal Property Finder) .
Homeowners: What about Short Term rentals?
Numerous people have invested in an apartment in this popular tourist destination with plans to rent it out on a long-term basis, but declining rental rates and the fact that it takes an average of 6 to 8 weeks to complete a long-term lease has created a huge opportunity for Holiday Home operations. By furnishing your unit and listing it on sites such as Airbnb, VRBO, or booking.com you are able to generate much higher rental yields in comparison to long-term leases.
Why Staying at a Home appeal to tourists?
Dubai’s short-term rental market is starting to mature and demand for short term holiday homes is picking up as many travelers opt for staying in an apartment unit or villa that is tastefully designed and located in a prime district. Easy accessibility to beaches, malls and other specific interests makes vacation rental homes attractive to more & more travelers. What about space? Hotels have limitation in space and options for larger rooms suitable for families and small groups are only available by booking more suites or multiple rooms at a hefty price. In comparison, most residential units offer an abundance of space, with living room, dining table, fully equipped kitchen, wardrobe space, and in-unit laundry facilities etc.
The hotel market in the region certainly has a reputation for offering high quality customer service, and travelers looking for the convenience and comfort of a vacation rental still expect a host who is available anytime of the night or day for assistance, while still being afforded privacy and discretion.
You need to inspire guests and provide them with a compelling reason to return and stay at one of your units again, be it for the immaculate design, the thoughtfully curated amenities or for the friendly and genuine hospitality experience.
Short-Term Vacation Rental Management
Atlas Homestays provides homeowners with a complete turnkey solution to managing vacation rentals. As seasoned hotel professionals, we can guarantee a 5-star guest experience to guests who stay at Atlas Homestays.
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