Sign in
Sign up
From penthouses in the city center to real estate by the sea on Palm Jumeirah — luxury housing for a short time is popular — and dictates the appropriate rental rates. However, the situation is changing as inexpensive locations for short rentals appear that attract travelers.
Landlords offering short-term rentals in Dubai on this Eid Al-Adha holiday have several reasons to rejoice at how the situation is developing.
Although rental rates are 30% higher on average, they will be pleased that these objects are rented for a week or even more, and not for 2-4 days on average, as it was before. This further reduces the amount of downtime of vacant apartments for a short period of time.
The growth in demand for short-term rentals in the run-up to and during Eid Al-Adha was inevitable. But what is surprising is that rates have risen sharply, even despite the fact that much more objects have been brought to the short-term rental market this time. And this is despite the fact that the market for long-term 12-month rentals is now experiencing an increase in rents by 15-25% year-on-year.
