Short Term Rental in Dubai – Local Market, Global Opportunities

Short Term Rental in Dubai – Local Market, Global Opportunities
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As the saying goes, special situations bear special opportunities.

Property prices in Dubai have witnessed a decline during the past four years, making luxury Dubai property significantly cheaper than in peer cities. In figures: An investor buying a luxury property in Berlin will have to shell out 79,23% more per square metre than for a comparable real estate asset in Dubai (Knight Frank PIRI 100 Index 2017).

Good – Better – Short-Term Rental?

Good – Better – Short-Term Rental?
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In this article I would like to present you with an investment and management approach with which the proceeds from attractively situated apartments in Dubai can be boosted by approximately 20% – 45% under realistic assumptions vis-a-vis conventional letting.The strategy takes advantage of the fact that Dubai registers by far the largest per capita tourist expenditures in the world – 106% more than London coming in second – while occupying fourth rank in total international tourist arrivals with a strong upwards trend (Mastercard Global Destination Cities Index).