Seriously? Long-term rental in Dubai is 60% more profitable than daily?

02 Feb 2024

Don't rush to throw tomatoes. We have collected fresh data from Colife, where it's black and white – long-term rental is 60% more profitable than short-term. It turns out that short-term rental for up to 2 months is only profitable during peak seasons. However, over the course of a year, leasing properties for 6-11 months proves to be more profitable due to the absence of downtime.

How to find tenants?

Most tourists come to Dubai for a couple of weeks, a month, or the winter season. Therefore, finding a tenant for a long term is not that easy. If you are a property owner looking to rent it out – write to an expert in the chat, and we will advise you on your budget, compile a selection of options, and organize viewings.

Why is long-term better?

According to Colfie, apartments rented out for short-term stays remain empty 60-70% of the time. They are not needed in the summer. Meanwhile, all the property rented out for a year brings in money both in 50-degree heat and during the winter season. Also, to maximize profit, it's important to choose a competent management company that will handle all payments, maintain property integrity, and ensure tenant comfort.

How to rent for more?

To raise the rental price – organize homestaging, which will bring more life to your apartment and make the selling photos even more appealing. Not sure about the renovation – then it's worth ordering finishing work. It's easier to rent out a furnished apartment – we will help you quickly order a complete set of furniture.

Tenants are willing to pay more for apartments where they feel most comfortable. Stylish decor with paintings, cozy textiles such as blankets, pillows, curtains, as well as candles and plants in pots increase the chances of renting out at a higher price.

If you have an apartment that you want to rent out for long-term – call +971 (4) 450-2640 and get a consultation.

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