With the drop in the Dubai housing market, many investors have experienced short-falls in their property values, resulting in values that are lower than their initial purchase price.Some have sold these properties at substantial loss, but many are sitting through the downturn by renting their properties until the values are back on the rise.Some have decided on long-term rental, but many have decided that short-term rental is the better option, as it offers a larger margin of profit.In addition, the decline in long-term rentals has also forced many property owners to turn to the short-term rental market.The availability of these properties is in abundance, and with them comes the fierce competition to fulfill the demand in this market. Those interested in a short-term rental are in the perfect position to receive the best deals on these type of properties, from studio and one bedroom apartments to luxury villas on the beautiful Palm Jumeirah, all are offered at premium discounted prices.
Even with the economic downturn, Dubai is still considered one of the top tourist cities in the world, offering some of the most famous attractions, such as the famous Palm Jumeirah.This man-made island in the shape of a palm tree is now being call the 8th Wonder of the World.The newest attraction to hit the Dubai stage is the Burj Khalifa.Standing over 828 metres high, it is recognized as the world’s tallest building.In addition, Dubai touts some of the greatest shopping malls on the globe, as well as the Ski Dubai, indoor ski resort in the heart of the desert, and the Ice Café made of pure ice located in the nearby Times Square.A great compliment to the ski resort, especially during the summer months where them become really “cool” places to hang out.All of these attractions and more make Dubai the most innovative of cities and puts Dubai squarely on the map as one of the biggest tourist attractions in the world.
If you are a Dubai home-owner who has decided to wait out the downturn, this is a good time to consider off-setting your investment by renting out your accommodation. Offering a furnished apartment is known to bring a 10 – 20% higher return than an unfurnished one, and through our sister company, dubai-furnishing.com, we can assist in furnishing your property at a very reasonable cost, positioning it to become a marketable property in the short-term rental area.The short-term rental market has become a popular alternative to hotels in Dubai, there exists both supply and demand, making it a win-win for all.As a more cost effective alternative in Dubai accommodations, it has especially become popular in the corporate market, where companies are looking for the most cost effective means to support their executives during their extended business stays in Dubai.We provide the experience and expertise in providing quality furnishing, marketing, and management of these properties, eliminating the burdens associated with in preparing and managing such a property.
Holiday letting offers more flexibility to visitors, giving more private, less expensive options than their 5 star hotel counterparts, thus making it a very attractive alternative. Maximize your investment by contacting:-
