Dubai short term rentals surge ...United Arab Emirates

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Dubai short term rentals surge
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 45
Short-term rentals in Dubai are reshaping the rental market, with a 30% increase in demand compared to last year. Industry experts note that the trend is revolutionising the region’s real estate scene, offering remarkable returns for property owners, and accommodation options to visitors. “Over the past year, we have seen short-term rentals in Dubai surge, with a 30% increase in bookings due to rising tourism and a demand for flexible living options. This has led to investor returns up to 20% higher than traditional leases. In comparison, long-term rentals offer steady income, maintaining an average annual yield of 7%,” says Myles Rothwell, Managing Director at Edwards and Towers. Cherif Sle

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