If we do a campaign and ask people around the world which country is the best place to visit for tourism. More than 50% of people will name Dubai, and if you add a luxury clause, then more than 70% of people will select Dubai. Dubai is synonymous with luxury, and if you love summer vibes and prefer living high, then you will definitely choose Dubai. This has increased the demand for short term rentals Dubai.
Tourists who visit Dubai often rent apartments or houses for the short term, and the number of tourists is growing each year. This booming market had a very positive impact on the short-let properties. This article will have a detailed review of why tourism is increasing and how it will impact the rental situation in the future.
Why Dubai is a Magnet for Tourists?
Dubai is a tourism magnet, and it is acknowledged around the world. However, a question arises, how did Dubai become that magnet, and which aspects of Dubai influenced the people to come here in the first place:
Dubai’s Allure: From Skyscrapers to Desert Safaris
Dubai has been branded as a tourism destination. The government has developed the city in such a unique way that it offers all kinds of tourist destinations to the audiences. On one side they have huge skyscrapers with breathtaking views. On the other side, we have the desert and beaches that take us closer to nature. The harsh deserts attract hundreds of people every month that enjoy the desert safari and amazing nights in the heart of deserts.
The city has so much to offer that a person cannot fully experience in one visit, so the person who visits the city once, tends to visit it again and again. These high numbers of tourists then look for holiday homes in Dubai for the perfect experience. Dubai is the perfect place for the tourists with its amazing skyscrapers, deserts, cultural destination, shopping malls and much more.
Events and Expos: Fueling the Tourism Surge
Dubai’s tourism attractions aren’t the only things that work as the tourist magnet, Dubai has become much more than that. The Dubai government has its eye set on turning this place into a business hub. They are developing Dubai as a business hub, providing new opportunities for investors to develop businesses in the city. Dubai’s taxation policy is one of the major motivations for investors to select Dubai. Dubai has a very relaxed taxation policy and offers that attract a huge number of investors into the country. Dubai also hosts a huge number of business events and expos, which also pulls in a large number of tourists to the city, which boosts the demand for short term rentals Dubai.
Dubai is easily accessible for people from all over the world and also boasts a lot of facilities. So, business expos and events are mainly held in Dubai for this purpose. Expo 2020 was an amazing event that boosted tourism a lot. The people who visit Dubai to join these events also look for apartments for rent in Dubai monthly. This increases the city’s real estate market, providing a boost to the economy.
How the Tourism Boom is Changing the Short Term Rentals Dubai Landscape?
Tourism is increasing, but how does this increase in the number of tourists impact short term rentals Dubai? This will be discussed in details below:
Growth of Short Term Rentals in Dubai
It is evident that tourism in Dubai is booming but how is it impacting the local rental market? Well there are two types of rental markets in Dubai, Short term rentals Dubai and Long-term rentals Dubai. So, when we talk about tourism, it directly impacts the short-let properties in Dubai. The short-term apartments or other properties are rented for a very short period which can be from a day to month.
Tourists demand properties for just a month and they demand a comfortable place which is near tourists areas. Especially in the holiday season the demand soars to a very different level, the market becomes competitive and only those owners are able to rent which have a great marketing strategy in place.
Landlords have to go through a lot of hassle to approach the clients and put their properties out in the market. A huge number of landlords hire property management companies that offer all kinds of services from renting properties out to maintenance. These owners are the ones who are able to maximize their investments and earn good returns on their short term rentals Dubai.
Popular Areas for Short Term Rentals in Dubai
Dubai is a big place with a number of places which have a high number of tourists while other places do not have that many people visiting there. So, if you are thinking about investing in Dubai, you must consider these things before you do it. Some areas in Dubai have a lot of tourists and these tourists look for a place to rent nearby. Dubai Downtown, Palm Jumeirah, Dubai Marina and Al-Jaddaf Waterfront. These are some places which are high in demand and place around these areas are in high demand.
Apartments for rent in Dubai that are around these areas can be put up for rent very quickly. However, for owners that don’t have strong marketing, it can be difficult. So, if you want to sell your business, you must use professional help to grow exponentially.
Advantages of Short Term Rentals Dubai Over Hotels
There are hotel apartments for rent in Dubai but people prefer short term rentals because they are more flexible. They also have a huge price difference, so let’s see which other differences are perent between short term rentals Dubai and hotels:
Flexibility and Cost-Effectiveness
Tourists prefer flats or apartments over hotel rooms because the hotel rooms tend to be more expensive. In apartments or flats, you don’t have to pay for extra services, you can choose what you want to add in the rental payments. However, in hotel rooms there are lots of hidden charges that customers have to pay. Sometimes these charges aren’t conveyed to the clients, so it can become a little hectic.
There is also flexibility for tourists if they rent an apartment, there isnt a specificity about the number of people that can live in the apartment. So, you can easily adjust a couple of more people in but such a facility is not available with the hotel rooms. So, this is the reason why people prefer short term rental apartments over hotel apartments for rent in Dubai.
Home Away from Home: More Space, Privacy, and Amenities
Hotel rooms cannot have kitchens, living space and other spaces that are often available at home. A holiday home Dubai feels like a home away from your own home. You can live freely by utilizing a lot of space and take a home-like feel. In hotel rooms there are a lot of privacy concerns which are easily addressed by booking a flat for rent in Dubai.
Renting Short Term Rentals with the Help of Professionals
Renting out your apartments or flats is a difficult task, you have to put in several resources to put them out in the market. The costs of listing the rental places and then marketing can be very high which reduces the profit margin. So, if you want to reduce these costs and stay out of the hassle of doing so much, hire professionals.
There are several companies that provide that service to their clients. However, sometimes these companies don’t deliver what they offer. So, it is important to hire the company that delivers and keeps everything transparent. ZIngo Smart Stay, a name people trust and have been providing services in the company for years. If you want the best services, you must hire Zingo Smart Stay.
There is a question people always ask, why Zingo Smart Stay? So, the main reason behind this is that the company has a very high occupancy rate. Zingo Smart Stay has an occupancy rate of 90 to 95% on normal days. In season, they have a 100% occupancy rate which is a big thing. They have strong marketing and amazing offers and this is the reason why they are able to attain such high occupancy rates for short term rentals Dubai.
The main reason behind such a high occupancy rate is their co-occupancy policy. The company allows several people to rent a single apartment but they utilize the space in such a way that no one feels uncomfortable. They also provide quality services and offer trip planning and any other services a client might need. Cheap room for rent in Dubai for 1 day is available with us. So, if you are a tourist visiting UAE or a landlord who wants to rent out his property, Zingo Smart Stay solves all of your problems in an instant.
Conclusion
Dubai is an amazing place if you are thinking about enjoying amazing landscapes with adventure and fun. So, if you are a person who wants to enjoy fun and luxury then you will head to Dubai. There are hundreds of hotels available in the city but a big number of tourists prefer short term rental apartments. Tourism is booming, and so is the demand for short term rentals Dubai. However, Landlords that aren’t able to market properly aren’t gaining much return. So, it is essential to hire professionals if you want to maximize your return on your property. Zingo Smart Stay is your perfect partner, if you are a landlord trying to rent out your apartment.
Connect with Zingo Smart Stay and change the game for yourself and feel the difference in your property’s performance.
