AIRBNB or SHORT-TERM Rental increasing in Dubai
Airbnb or the short-term rental market, is the new game changer in Dubai’s thriving real estate market. Dubai has registered a remarkable increase in Airbnb or short-term rental listings over the last three years.
Downtown Dubai remains a top choice for short-term rentals in Dubai, with Business Bay also being a sought-after area due to its close proximity to Downtown. Other popular areas for short-term rentals include Dubai Marina, Jumeirah Beach, Jumeirah Lake Towers, and residential properties in the Bluewaters zone.
The number of active short-term rental listings in Dubai increased to slightly fewer than 25,000 active Airbnb listings currently. One of the driving reasons behind this growth and the demand is the flexibility that short-term lettings offer. Travelers may choose from a wide range of properties in different locations and at different price points, making it easier for them to customize their stay to their specific needs, and preferences. Short-term rentals provide them with the flexibility to adjust their stay duration according to the duration of these events, ensuring they have a comfortable and convenient base during their visit. Moreover, these accommodations often come with a range of amenities and services, including housekeeping, concierge services, and access to facilities such as pools and gyms, providing guests with a premium experience during their stay.
Dubai receives nearly 16 million visitors per year. In the year 2023, it exceeds over17,15 million as Dubai Mall is the most visited place on earth according to recent data.
With the market for short-term rentals continuing to grow, platforms like Airbnb making it easier than ever for real estate owners to start renting out their homes, Increase in Airbnb and short-term rentals in Dubai continues to grow and evolve, As Dubai remains a key destination for Tourists, guests, new expats, business people and so on.
