You’ve got a residential property ready for renting to guests. It has all the basics—beds, TVs, table, and chairs—and it’s in an excellent area of Dubai. You have it listed on Airbnb, Homestay, and all the important short-term rental online platforms. But it’s hardly ever booked. And the guests who do stay don’t complain, but they’re not leaving five-star guest reviews. What’s going on?
The Dubai World Cup 2018 is one of the world’s richest horse races with a USD 30 million pot (USD 10 million to overall winner) for nine high-class races. It’s always the final event in the horse racing season and Dubai’s biggest sporting event of the year. Not just for fans of horse racing, this star-studded affair is a social event where fashionistas and the rich and famous mingle amongst 50,000 visitors for the day’s events.
Art lovers from around the world are beginning to arrive in Dubai for Art Dubai 2018. Since its founding in 2007, Art Dubai has become the place to view not only Middle East and North African art, but art from over 40 different countries. Emerging artists, innovative art spaces, galleries, and household names in art will all gather together to celebrate contemporary and modern art. 2018 will be the most globally diverse Art Dubai to date.
When you think about Dubai, the term ‘green’ probably doesn’t come to mind. But with Dubai’s changing policies and new investments into renewables, ‘green’ is becoming part of Dubai’s legacy. The city is taking significant steps towards becoming one of the most sustainable cities in the world. Just over a decade ago, Dubai was a city with one of the largest ecological impacts worldwide. For a city that also used to rely primarily on oil revenues, the transition to green sustainability is more than impressive.
The short-term rental market in Dubai is growing, thanks in part to the success of Airbnb. With the February 2018 launch of Airbnb’s new premium level Airbnb Plus, the opportunities to target discerning guests (and generate higher revenue) will soon be available to hosts worldwide.
The UAE is leading the region in developing gender equality policies and encouraging women in their quest to build businesses. Alongside this effort, in 2017 the Dubai Business Women Council (DBWC) signed an agreement to promote gender equality with the UN Global Compact—a corporate sustainability initiative. Within the region, women are becoming increasingly involved in starting their own businesses and in taking on more corporate roles. But how can this impact the Airbnb market in Dubai?
Dubai’s location has helped it a become traveler’s paradise. Easy access to the Persian Gulf coast and the Arabian desert make this spectacular city an ultimate destination for adventure, history, experiences, culture, and shopping. Every tourist can find enough activities to make their visit special enough to want to stay longer and come back again as soon as possible.
Expo 2020 will be one of the most significant events in Dubai’s modern history. The first event of this magnitude to take place anywhere in the middle east, it represents the UAE’s new identity as a worldwide travel destination. The theme for Expo 2020 is Connecting Minds, Creating the Future. It will be an exposition of innovation, ingenuity, and collective human potential such as the world has never seen before.
In the past 30 years, the art scene in the UAE has become an important stop for both tourists and artists alike. UAE now attracts art enthusiasts and experts from around the world who bring their passion for art and their willingness to purchase. Recent cultural developments designed to attract art and culture-loving tourists align with the UAE’s long-term plans to provide economic diversification and new job and investment opportunities.
Airbnb is a $30 billion company that has become a worldwide success. But can it work in places like Dubai? Although Airbnb has been in existence since 2007, its presence in Dubai is relatively new. Dubai property owners are considering their options, and many are enlisting an Airbnb Management company to capitalize on the income potential in their homes and apartments.