According to experts, demand for short-term rentals in the UAE is growing due to competitive rates and increased options for visitors. Many property owners are switching from long-term to short-term rentals for higher returns, especially in prime areas like Downtown and Burj Khalifa.
Experts believe this surge is driven mainly by digital nomads and visitors from European and Asian countries. Data shows that short-term rental rates have remained stable in 2024, with a slight increase. However, rates in Dubai remain significantly higher than in other parts of the world, averaging around Dh500 per night.
Short-term rentals in the UAE can start from Dh200 per night and go up to Dh100,000 or more. Experts say demand is growing due to the UAE’s role as a global travel hub and government initiatives like visa reforms and new attractions.
Rental returns in popular areas such as Dubai Marina, Jumeirah Beach Residence (JBR), and Palm Jumeirah are strong, but the best returns on investment (ROI) come from locations like Jumeirah Lake Towers (JLT) and Jumeirah Village Circle (JVC). Studies show that short-term rentals offer an average of 20% higher returns compared to long-term leases.
Source : khaleejtimes.com
