Dubai is reputed to host thousands of tourists and business professionals every year. It is not a mystery that the Emirate is known for its short-term rental apartment because of tourist attractions. That said, the owners or landlords can multiply their rental income by offering their apartment or villa for a short-term lease. Dubai has become a centre of attraction for business visitors and tourists. That said, these visitors require short-term rentals or hotel apartments daily, weekly, or monthly.
Here we have compiled some factors and advice for both landlords and potential hotel apartment tenants when choosing short-term rentals in Dubai. Letโs go through the details.
WHAT ARE SHORT-TERM RENTALS IN DUBAI
Home seekers have a plethora of options to choose from in Dubai. From owning a property to renting one and long-term to short-term rentals in the UAE, people are spoiled for choices.
Short-term rentals include holiday homes, hotels, and hotel apartments. What distinguishes these holiday homes and hotel apartments from regular lease properties is that most short-term rentals are fully-furnished and include exclusive amenities and facilities for the visitors. Amenities may include the following:
- Furniture
- House cleaning service
- DEWA connection
- TV cable
- WiFi connection
- Laundry facilities
- Housekeeping
- Gym and Swimming pools
- Valet parking
Tourists or business visitors have an option to choose short-term rentals in Dubai on a daily, weekly, or monthly basis. Although Dubai Economy and Tourism (DET) governs holiday homes and hotel apartments, the tenants must register in the Ejari system to avoid any consequences. Furthermore, only commercial villas are considered holiday homes. Residential villas and gated communities are not categorised as holiday homes.
WHAT SHOULD PROPERTY OWNERS KNOW ABOUT HOLIDAY RENTALS IN DUBAI?
Property owners or landlords require a permit from DET to give out their properties as holiday homes. Besides, tenants need to register on the DET website when they choose short-term rentals in Dubai. The owner must submit the following documents to register their property as a holiday home.
- Title deed or sales purchase agreement copy or payment completion certificate
- Passport copy or Emirates ID
- Trade licence copy if it is a company
- Property management letter
- Recent DEWA bill
- Tenancy contract
After you submit the documents, make corresponding payments according to the property unit type. DET will then review the application and approve it. Besides, the permit’s validity is a minimum of 3 months and a maximum of 12 months. The permit fee is irrespective of the permit validity period.
FACTORS TO CONSIDER FOR CHOOSING SHORT-TERM PROPERTY RENTALS IN DUBAI
Tourists and business executives prefer to choose short-term rentals in Dubai. Furnished apartments with top-notch home services and availability on a daily and monthly basis attract people who visit Dubai for a shorter time frame.
Letโs go through the pros and cons of choosing daily or monthly short-term rental apartments in Dubai.
PROS
Here are a few advantages of monthly or daily short-term rentals in Dubai:
- No overhead or utility bill payments, as the owner includes these payments in your rent.
- Consumers can get a fully furnished apartment or villa
- Basic facilities, including electricity, water, and internet connection, are readily available
- You can rent a house with friends in Dubai to divide the rent of these short-term rentals..
- People can move to other places and choose hotel apartments or holiday homes nearby tourist destinations or business meet-ups.
- In-house maintenance and housekeeping services.
CONS
With many benefits, some drawbacks come alongside when you choose short-term rentals in Dubai:
- Tenants need to pay Tourism Dirham in Dubai (a tax levied on guests): AED 10 and AED 15 are charged for standard and Deluxe rooms, respectively.
- Consumers need to pay value-added tax alongside the rent.
- Higher rents because short-term rentals are mostly furnished properties with exquisite services.
This was all about choosing short-term rentals in Dubai. Short-term rentals have been quite popular because Dubai is a tourist destination and most landlords and property owners offer short-term leases. Besides, if you own or buy an apartment in Dubai, you can register it as a holiday home and earn high returns by offering it for a short-term lease.
Stay tuned to the UAEโs leading real estate blog and learn more about different types of properties and their benefits and drawbacks.
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