In 2023, a record 17 million tourists visited Dubai, so there is a high demand for short-term rental in the city🔥
Short-term rental refers to renting out a property on a daily or monthly basis.
📌The characteristic of this type of rental is that the liquidity of the property depends heavily on its location, so it is advisable to invest in more expensive properties in touristic or nearby areas.
➕Benefits of short-term rental with professionals for the landlord:
- Professionals handle the rental process, so you don't have to spend time looking for guests, overseeing the check-in process, keeping track of cleanliness, and so on.
- Short-term rentals offer flexibility to adjust prices based on season, demand, and rental duration, leading to potentiallv higher returns compared to long-term rentals. You can even achieve around a 10% annual return on investment.
- Properties without a long-term contract are easier to resell, as not all buyers are willing to purchase property with tenants.
- Periodic access to the property during tenant turnover and regular maintenance. This way, the landlord has the opportunity to receive interim reports on the condition of the apartment.
- The owner and their family have the opportunity to stay in their apartment during downtime.
- Short-term rental properties are rented out faster, allowing the landlord to start making a profit from the first month.
❗️Conclusion: renting out a property for short-term stays is suitable for those who are focused on maximizing income or do not want to be tied to a long-term contract in order to have the option to come and live there themselves. ____________
💵 Want to earn a stable income without extra worries?
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