Dubai is one of the most popular tourist destinations in the world, and while there are plenty of luxury hotels for guests to pick from, travellers also have countless choices if they’d prefer to stay in an Airbnb. According to a survey by Inkifi, Dubai was one of the top 10 cities with the most Airbnb listings in 2022.
There are lots of reasons that Dubai ranks within the best Airbnb markets, so if you’re considering becoming a host in the desirable UAE city, here are three of the key benefits of choosing this destination.
Dubai is the most profitable Airbnb city in the world
A survey conducted by UK-based landlord insurance company CIA Landlords found that Dubai was the most profitable Airbnb city in the world in 2022, provided owners purchased properties near Burj Khalifa (the world’s tallest building). According to CIA Landlords, they can earn an average of £930 per night and therefore break even on their investment in just four months.
“The average price to buy an apartment in the city is £112,624, meaning just 121 nights need to be sold for this cost to be earned back,” the company explains. “However, this is only a profitable location for landlords who have a property near Burj Khalifa, as those further away rent for just £181 per night.”
We’ve written more about the financial benefits of becoming a Dubai Airbnb host and can also help you maximise your profits with our listing support services, ensuring your property is always competitively priced.
Dubai offers high-quality Airbnbs
The quality of Dubai real estate means your Airbnb is sure to impress guests in search of a unique, luxurious experience. For example, Dubai Marina Airbnbs are highly sought after and the premium location means it’s common for the properties to include amenities such as gyms, swimming pools, and easy access to top shops and restaurants.
“These are all major selling points for visitors and factors which would allow owners to demand a rental premium from travellers,” Ivana Gazivoda Vucinic, head of consulting, valuations and advisory operations at Chestertons Mena, explained to the Khaleej Times.
You can find out more here about the luxury Airbnb amenities to incorporate where possible. Here at Frank Porter, we also offer an interior design service that can help ensure your Airbnb has the high-quality Dubai aesthetic they’re looking for and expecting.
Dubai is a leader in the tourism sector
Dubai’s tourism sector quickly bounced back after the Covid-19 lockdowns and exceeded both global and regional barometers of recovery, with visitors to the city in 2022 reaching 86% of pre-pandemic levels. It was also crowned the number one global destination in the Tripadvisor Travellers’ Choice Awards 2023 for the second successive year, making Dubai only the second city in history to achieve this.
It boasts one of the highest average hotel occupancy rates in the world, standing at 73% in 2022. However, tourists have also embraced the flexibility Airbnb offers and taken the opportunity to stay in different kinds of properties. According to a report by AirDNA, the average Airbnb occupancy rate is an impressive 60%.
The appeal of Dubai is set to keep growing as Dubai’s top politicians continue to work towards cementing it as one of the world’s top three cities for travel and business. Therefore, if you’re looking for a short-term rental opportunity, Dubai’s Airbnb scene could be the place to watch.