How to safely make money on short term rentals
Dubai is a thriving market for short-term rentals. Large numbers of realtors offer exclusive apartments Dubai to travelers from across the globe. There are extremely luxurious to budget friendly properties available for short term stay Dubai.
If you are an owner of short term serviced apartments Dubai, you can expect high profits because this city is amongst the most regularly visited destinations around the globe. So in such a saturated and competitive market, how can you make the most from your apartments in Dubai for rent short stay?
To ensure steady money from short term apartments for rent in Dubai UAE, we are presenting a few tips that might help you in achieving this goal.
Consider the legality:
It is important to make sure that your Dubai holiday rental apartments are legal since rental and real estate laws vary considerably in every city in the UAE. Travelers like to invest into a property that is free from legal troubles.Therefore, we advise you to ensure your property is not in violation of the local housing laws.
Use Variety of Marketing Platforms:
Platforms like AirBnB and HomeAway are perfect for short rental Dubai. You can easily reach out to wide range of potential customers who are looking for apartments in Dubai for holiday rent and get your property booked within no time. The trick is to learn to use these platforms properly and abide by the rules and regulations set out by the website.
Think like an Entrepreneur:
If you are the owner of apartments to rent in Dubai for holidays, you are not merely playing the role of a host but that of a business-owner and/or entrepreneur. You are competing in a crowded local real estate market so you have got to behave like an entrepreneur. Dubai short term rental apartments are a precious commodity and to earn profits you must do everything in your capacity to market your property well. Apart from online and paper ads, try to spread word about your Dubai furnished apartments for rent short term. This could be done by creating website and using social media effectively.
Make Attractive Profile:
You cannot expect travelers and renters to immediately contact you and book apartment in Dubai because this would never happen. Even if you have joined a number of marketing platforms, you need to create an attractive listing for your property. Ensure that your property stands out among local vacation apartments in Dubai and hotels. Post most recent pictured in good quality because images will help in renting the property more than anything else. Explain about your property in detail but a thoroughly engrossing manner.
Assess your Liability:
It is important to have sufficient property insurance and/or casualty insurance because it improves the prospect of renting out short term apartments in Dubai. It would be helpful in garnering attention of the customers as they would feel safe and you too will be relaxed since in case they cause any damage, you won’t be facing much trouble in claiming for compensation.
Offer Reasonable Rent:
No matter how luxurious or exclusive your holiday apartments in Dubai happens to be, you have to realize that for short term stay, people want most reasonably priced units. They may never choose your property if it is too high priced. Even if you are offering excellent luxury rentals Dubai, you need to check out the ongoing market rate in order to play it safe and get your property rented out quickly.