Invest in Dubai

20% higher returns: Why UAE homeowners are listing properties for short-term rentals

20% higher returns: Why UAE homeowners are listing properties for short-term rentals

Short-term rentals are emerging as a major second income for UAE residents as they are high in demand and offer much higher returns. Industry executives say that many first-time property owners are listing their properties for short-term rentals to earn a second income. Similar to other sectors, the short-term rental market also took a hit during the coronavirus pandemic in 2020 but recovered sharply...

UAE: Short of cash? These banks offer ‘rent in advance’ to tenants

For UAE residents, rents are one of the biggest costs that they bear every month. For some of the residents, it accounts for the highest expense of their monthly or yearly budgets. Rents have been consistently on the rise across the UAE over the past three years due to the massive influx of foreign workers into the country as the economy expanded at a strong pace. In the last quarter of 2023,...

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