According to an analyst, the market has increased dramatically after the Covid-19 pandemic.
The best of both worlds – a perfect escape to some much-needed relaxation without having the hassle and stress associated with owning your own property. Renters in UAE are earning up to 50% more than those who rent their homes, but it does not stop there! You will also have access or 250+ listings at any given time, which means you, can find exactly what suits all needs…
UAE residents make extra money by renting out properties as holiday resorts; earn up to 50%, and renters get 250 Listings.
A recent trend in the real estate market is homeowners renting out their houses as holiday homes. With the pandemic still ongoing, many people are looking for safe and isolated getaways. As a result, demand for holiday homes has skyrocketed, and perceptive homeowners are cashing in. According to Shilpa Mahtani, the COO and co-founder of bnbme Holiday Homes by Hoteliers, people can earn 10-50% more than traditional long-term rentals by renting out their houses as holiday homes.
In addition, once they start renting out their houses, homeowners can earn 25% more year on year. With positive reviews and marketing assistance from companies like bnbme, holiday home rental can be a lucrative endeavor. So if you are considering renting out your house, now may be the perfect time to join the cause.
The UAE has seen a boom in the demand for holiday homes, according to one real estate agent. In the first quarter of this year, business was up 2.8 times compared to the same period last year. The agent attributes this to the fact that people are now looking for alternatives to traditional hotels and resorts. Holiday homes offer more space and privacy, making them ideal for families or groups of friends. With the outbreak of COVID-19, many people are also looking for properties that are closer to home in case they need to self-isolate. The UAE is well positioned to meet this demand, with a wide range of holiday homes available to suit all budgets. So if you are thinking of investing in a holiday home, now could be a perfect time.
Since the outbreak of the Covid pandemic, people have become increasingly wary of staying in hotels. The close proximity to other guests and lack of space can make hotels feel like a breeding ground for infection. In contrast, holiday homes offer a sense of privacy and luxury that hotels cannot match. Guests can enjoy all the comforts of home, without having to worry about running into other people. Holiday homes also tend to be located in scenic areas, which allows guests to relax and enjoy the natural surroundings. For these reasons, it is no wonder that people have started to prefer staying in holiday homes to hotels.
People can boost the value of their homes by renting them out as vacation homes, according to Mahtani.
“We work with the owner to provide a comprehensive furnishing solution to bring their home close to the standards of our vacation homes,” she stated. “We modified the linens and furniture for it.” We also set up the television & internet packages. The property is then advertised both offline and online. We also handle it all from guest services to washing and cleaning, among other things. For the homeowner, it is a fully stress-free experience. Their property is considerably better kept, it provides some flexibility, and the owners are relieved of the burden of seeking tenants all year.”
Shilpa attributes the increase in demand for holiday houses and the booming tourism sector to the UAE’s handling of the Covid epidemic. “The United Arab Emirates has been fantastic,” she stated. “Several countries can learn a lot from the UAE, from how they handled the vaccine drive to how they opened up the country to tourism.” It is one of the few countries in which citizens feel fully protected.”