What Are The Benefits Of Owning A Holiday Home In Dubai?
Dubai is one of the best cities to grow financially, and now you can see everybody is investing in the short-term rental markets in Dubai. So what are the advantages this industry is offering you?
The Benefits Of Owning A Holiday Home In Dubai
The Advantages Of Dubai
Dubai stands out from cities like New York, London, Singapore, and Hong Kong, offering a unique blend of value and quality in holiday homes. Known for its endless sunshine, towering skyscrapers, and top-tier shopping experiences, Dubai is a tourist spot. Iconic attractions like the Burj Khalifa and Dubai Mall, along with bustling leisure spots and beautiful beaches, make it a prime spot for visitors. Investing in holiday homes in Dubai taps into the thriving market for short-term rentals and ensures you get more for your money.
Holiday Homes In Dubai Offer High Rental Income
Dubai has demand for short-term rentals, as the turnover is high, which presents an opportunity for holiday home investors to maximize rental yield. Tourists, willing to pay a premium for luxury holiday homes in particular, contribute to potential earnings of up to 50% more than long-term rental.
Strong Appreciation Potential
Real estate generally has a history of appreciating over time, with Dubai’s property values consistently rising. Given the demand for holiday homes in Dubai, and with the strategic location and quality of the holiday homes, short-term rentals can potentially be appreciated at even higher rates, resulting in a greater potential resale value.
What is Portfolio Diversification?
When you invest in Dubai holiday homes, you will have an added layer of diversification for your real estate portfolio. Generally, real estate investments in Dubai’s residential sector offer a mix of short-term and long-term rental accounts. By investing in holiday homes, property owners can reduce their risk and increase their potential for rental income.
Flexibility During Peak Seasons
You can earn more from a holiday home in Dubai. Dubai’s short-term rental market is seeing rental rates increase by 50% more during COP28 and throughout the festive season, paving the way for a solid start to 2024. Holiday homeowners have the flexibility to increase prices during peak seasons and capitalize on the demand, a feature not available with fixed-price long-term rentals.
Property Maintenance is less
Compared to long-term rentals, holiday homes require less maintenance as tenants occupy the property for shorter durations. Property management companies in Dubai will handle cleaning, maintenance, and repairs, minimizing owner expenses. So the hassle is on them and happiness is on the owners.
Hassle-free Property Management companies in Dubai
Those who invest in Dubai holiday homes also have more control over property management, such as the rental periods, pricing, and rental agreements. However, holiday homes are hassle-free as holiday home operators will handle the property maintenance and furnishing.
Platforms like Airbnb have made it much easier and more affordable for property owners to list and advertise their properties, with property management services like Like Home holiday homes covering everything from photography to guest screening.
The Increased Property Exposure
Holiday homes in Dubai can provide increased property exposure, as they are listed on popular rental platforms, such as Airbnb, Booking.com, and Property Finder. This can result in increased bookings and higher rental income.
Also, there are QR codes now to enter into holiday homes in Dubai so they can be scanned by the guests and visitors. This gives information about the holiday home operator to encourage investment in the short-term rental market.
Tax Benefits
In Dubai, you get some great tax benefits as a property investor. There’s no personal income tax or income gain tax, and the property transaction fees are low. Investing in holiday homes can bring in some nice returns, meaning more money for you and a higher ROI.
It is important to stay informed about the challenges associated with short-term rental investing. Investing in a holiday home in Dubai has its risks, just like any other investment. Although high rental yields and property appreciation are tempting, you should also think about the competition and market saturation in the area. However, with good research and planning, buying a holiday home in Dubai can still be a smart move overall.
Invest with Like Home Holiday Homes
Like Home, holiday homes offer homeowners the benefit of relaxing and earning more by providing them with all the market data and independent valuation documents they need to invest in Dubai holiday homes.
Like Home handles all the property management, admin work, and pretty much any hassle, so you don’t have to. Sign with Like Home and earn.
