Discover The Latest Trends in Dubai’s Short-Let Market with AirDXB’s Q3 2024 Report
Welcome to the Dubai Short-Let Market Review for Q3 2024 by AirDXB, your trusted source for market insights.
Why Invest in Dubai’s Short-Let Market?
Investing in short-let properties in Dubai is a strategic decision, driven by Dubai’s booming tourism sector. Dubai is not just a leisure destination; it is rapidly becoming a global hub for corporate travel, medical tourism, and professional gaming. This diversification is creating a robust demand for short-let properties.
Key Highlights from the Report
- Wynn Al Marjan Island: The first venue to receive a gaming license, with a $3.9 billion resort set to open in early 2027.
- Las Vegas-Inspired Sphere: A new entertainment marvel coming to Dubai.
- NASA in Meydan: Exciting developments as NASA lands in Dubai.
- Medical Tourism: Competing with global hotspots like Turkey, Dubai leverages its world-class infrastructure and strategic location to attract medical tourists.
Supply and Demand of Short-Let
The supply of active short-let listings is decreasing, while demand is surging, driven by a significant increase in tourism. This trend highlights the lucrative potential for investors in the short-let market.
Real Estate Market Trends
The Dubai real estate market showed remarkable resilience and growth in Q3 2024. Property prices continued their upward trend, and transaction volumes remained strong, with 50,423transactions recorded in Q3. The total transaction value reached AED 141.9billion, underscoring substantial investment interest.
Download the Full Report
For a comprehensive analysis and detailedinsights, download the full Dubai Short-Let Market Report Q3 2024. Stay ahead of the curve and make informed investment decisions with AirDXB.
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