The Dubai real estate market is poised for an interesting year in 2019. With the government investing a record amount in the economy for the next three years, and third quarter real estate transactions in 2018 reporting both year-on-year and month-on-month increases, it’s an exciting time to be participating in Dubai real estate.
RESIDENTIAL REAL ESTATE SHOWS PROMISE
Residential sales drove the increase in numbers for Dubai’s recent third quarter results. There are a variety of residential properties for sale in Dubai, and this is ideal for those looking to take advantage of opportunities in this area. The prices have also slightly dipped to provide ample opportunity for buyers. Residential buyers have good options in type, location, and amenities amongst properties.
SHORT-TERM RENTALS GIVE PROMPT RETURNS
One of the best ways to profit from a residential real estate purchase is to use the property for either occasional or full-time short-term vacation rentals. Online sites such as Airbnb and Booking.com provide lucrative opportunities for property owners to charge higher rates than traditional rentals while maintaining full control over their property.
A new home buyer can generate cash returns on a property as soon as it is set-up for vacation rentals. Payments are promptly deposited to the homeowner’s account at the end of a stay, and the potential is only limited by the ability to quickly have the home ready to let out again.
For those who live in their homes part time, short-term rentals generate income whenever a property is available for rental, even if it is just one week or one weekend a month. Home owners find that short-term rentals can subsidise, or even pay for a vacation; generating income while the home owner takes advantage of travel opportunities.
INCOME GENERATING PROPERTY
When you list your home or investment property as a short-term vacation rental, you are capitalising on the potential within the property as your investment appreciates.
Using a residential property for short-term holiday lets is a smart and secure way to generate income while growing your investment portfolio. If you would like to learn how to take advantage of this opportunity with minimal effort on your part, please contact us today.