Dubai Holiday Rental
Property investors have made great premiums on their properties and are now considering putting the properties in the market to support the tourist boom hitting the UAE. Dubai has a lot to offer and is investing serious money into making it a destination 2nd to none. Offering year-round sunshine, superb beaches and 5-7 star accommodation, Dubai is THE place to come for a holiday anytime of the year and property owners can benefit from a year-long rental season be it long or short term rental.
By 2010 Dubai will have the tallest skyscraper in the world, the largest manmade island on earth, Dubai-Land (giving Disney a run for their money) as well as the largest shopping malls in the globe. It already boasts a Snow-Ski resort in the desert, and an Ice café made of pure ice in nearby Time Square to complement the ski resort, making Dubai the most innovative of Cities and putting Dubai squarely on the map as one of the biggest tourist attractions in the world.
Government figures show Dubai now has 7 million overnight guests per year and should achieve 15 million tourists per year by around 2015. Due to the current shortage of hotel beds and the subsequent consequence of high hotel rates, Villa and Apartment holidays are becoming a serious option for many tourists from around the world.
If you are a Dubai home-owner this is a good time to consider maximizing your investment by renting out your accommodation. Whilst some property developers are limiting rental options to a minimum of 6 months, many others are not restricting rental periods. To support the growth of tourism DTCM have initialed the process of licensing the Holiday Rental Companies classifying and regulating holiday lets under hotel licenses. Many short term holiday rentals companies in Dubai have acquired a large numbers of properties as a consequence and are showing typical yields for their landlords of 13-15% versus an average yield of 5-7% on long term rentals.
Short term letting has been most in demand by the corporate market as most of the executives who come to Dubai struggle to find hotel accommodation due to Dubai having the highest room occupancy in the world making it hard to find hotel accommodation in the right area!
Holiday letting offers more flexibility to visitors, giving more private, less expensive options than their 5 star hotel counterparts. Maximize your investment by contacting:-
www.dubaishortstay.com
