Why turn your property into a holiday home?
The question that AirDXB is built around: why turn your property into a holiday home? For us, it is straight-forward: in a market like Dubai, it is a great revenue stream for homeowners. What we find great about Dubai, is that there is a diverse demographic of homeowners too – from investors with full portfolios, to first-time buyers looking to supplement their existing salary. Thinking about entering the short-let market? Check out the key reasons we think you should below.
Increased income
As stated above, an investment property can add money to your wallet with the short-let market in particular providing a significant source of passive income, especially during peak tourist seasons. Dubai is particularly lucrative, given its top spot on most, if not all, “best holiday destinations” lists. This income can be used to offset the costs of owning the property or to supplement other forms of income.
Better returns
Properties that are used as holiday homes are generally rented out at higher rates compared to traditional long-term rentals, which can result in higher returns on investment. Of course, this can ebb and flow, but looking from a wider perspective, this tends to be the case. Short-let homeowners can utilize peak seasons to maximize profits, and with Dubai playing host to some of the largest global events in the world, the opportunities are there.
Flexibility
For us, this is key. With a holiday rental property, owners can choose to rent it out for specific times of the year and use it for their own personal use for the rest of the year. You aren’t tied into any tenancy agreements and won’t have any limitations. AirDXB is completely flexible for you too – have family coming over for a week, a month, a year? No problem. We don’t hold you to strict commitments (the property is yours, after all).
Diversify your investment
Property is an investment and one you expect will give a good yield in the future. But why sit and wait for it to make you money in years to come? Owning a holiday rental property can be a long-term investment that can appreciate in value over time, whilst making you money monthly, especially if it is well-maintained and located in a desirable tourist destination.
You can “forget” about it
(if you use a management company like AirDXB!)
Utilizing a property/host management company means that you don’t need to get involved in the day-to-day. We provide an end-to-end service, from property listing through to guest relations, maintenance, concierge and housekeeping. Our homeowners enjoy a 95% occupancy rate, greatly higher than the 43% market average, which is one of the reasons why we have AirBnB ‘Superhost’ status.
Speak to our Director, Gregory Lewis, to find out more.