Unique Properties, one of Dubai\u2019s leading real estate agencies, has observed strong demand for short-term rentals in the UAE. There are 10,000 active rental listings in Dubai and their occupancy rates rose by 32% from December 2020 to December 2021; average daily rates have grown between 15% – 28% and monthly rates are rising to 94%.<\/p>\n
While the short-term rental market has long been booming globally, it has just started to grow in the UAE as holiday homes only became legal in 2016. Expo 2020 was a key contributor to the growth of Dubai\u2019s short-term rental market as international visitors could bypass long-term contract commitments, retain their freedom of mobility, and save costs during the exhibition.<\/p>\n
The UAE\u2019s recent announcement of masks no longer being required has further restored a sense of normality. Though the country\u2019s handling of the pandemic has already seen a strong influx of visitors throughout COVID-19, more travelers are poised to visit Dubai in the coming months and contribute to the growth of the city\u2019s short-term rental market.<\/p>\n
With the 2022 Qatar World Cup (QWC) quickly approaching, attendees from across the globe will look to Dubai as a preferred destination to situate themselves before, during, and even after the event. The emirates\u2019 proximity and easy access to Qatar, coupled with the fact that rents have risen 30% in Qatar compared to a year ago, will see Dubai benefit considerably.<\/p>\n
Arash Jalili, Founder and Chief Executive Officer of Unique Properties, UAE HQ, <\/strong>says: \u201cThe growth of Dubai\u2019s short-term rental market is far from over. Dubai still trails major markets like London which has double the number of vacant rental listings but the uptick in remote and work-from-home models, along with the fact that Dubai is one of the top five most visited cities in the world, will continue to see the city\u2019s short-term rental market flourish.\u201d<\/p>\n Unique Properties has become one of the most trusted real estate players in the UAE through its extensive market knowledge. The full-service award-winning real estate agency facilitates countless transactions across Dubai including residential off-plan and resale property sales, commercial, and rentals.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Unique Properties, one of Dubai\u2019s leading real estate agencies, has observed strong demand for short-term rentals in the UAE. There are 10,000 active rental listings in Dubai and their occupancy rates rose by 32% from December 2020 to December 2021; average daily rates have grown between 15% – 28% and monthly rates are rising to […]<\/p>\n","protected":false},"author":1,"featured_media":51404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/51403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=51403"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/51403\/revisions"}],"predecessor-version":[{"id":51405,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/51403\/revisions\/51405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/51404"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=51403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=51403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=51403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}