Dubai set for summer real estate rental boom

Dubai set for summer real estate rental boomدبي تستعد لازدهار تأجير العقارات في الصيف

According to accommodation management firm Frank Porter, Dubai short-term rentals could thrive in the summer.

A range of tourism initiatives in Dubai and rising prices in European resorts make the UAE an attractive option for business and leisure travellers.

Short-time period accommodation is ready to enjoy a hectic summer time thanks to the UAE’s assorted entertainment services, compelling summer season calendar of occasions, government tourism incentives, and the addition of even greater flight routes across Abu Dhabi, Dubai and Ras Al Khaimah.

Dubai real estate short-term rentals

Hot on the heels of a record-breaking 2023, during which Dubai welcomed 17.15m international overnight visitors, more tourists than ever before, the 2024 tourism numbers continue this positive trend.

A record digit of visitors has come to Dubai this year, with an almost 20% year-on-year boost in overnight visitors during the first few months of 2024. This direction is expected to resume into the summer months

Dubai an attractive summer destination

With summer fast approaching, this traditionally quieter season in the UAE will likely stay buoyant.

Famous summer destinations across Europe may look less attractive to visitors this year due to changes in pricing. However, this will attract even more travellers to think of Dubai, Abu Dhabi, and fast-developing neighbouring Emirates, such as Ras Al Khaimah, as beautiful vacation options, even throughout the Summer months.

UAE’s developing offering brings additional pull

Furthermore, the UAE’s developing offering brings additional pull, growing all-season draw and diversifying its proposition.

With large malls, which offer shopping, entertainment, and dining under one roof, 800-plus hotels with temperature-controlled pools, indoor theme parks, water activities, and an incredible host of world-class restaurants, there is more to accomplish than ever before, even when temperatures glide.

Dubai Government’s initiatives to boost tourism

In addition, the Dubai Government has noteworthy ambitions of advancing the tourism sector’s assistance to GPD to get AED450bn ($122.5bn) by 2031, and its annual summer campaigns are essential to achieving those goals.

Summer will see the UAE’s tourism boards launch campaigns to further incentivize international tourists, such as “kids go free” deals, dining offers, and city-wide retail festivals, offering even more reasons to visit.

Also Read: Dubai real estate transactions up 45% to $8.7bn, study reveals popular areas and off-plan investment boom

Short-term lets an appealing alternative for summer travellers

The quick-time period allows the market to offer an appealing alternative for those summer-season travellers.

Not only is a short-term let property often more affordable (though UAE hotel prices do tend to drop in the summer), but it can also provide a more personalized, exclusive, and comfortable stay.

In summer, travellers book longer trips to fill the long school holidays and make the most of calmer months in the corporate world.

Those peeking for 3 or 4 weeks out or more often take a business-and-leisure method to their trip, operating for a portion to allow them to stay away from the office extended.

For the short term, let’s present a perfect option for those taking this mixed approach to their travels thanks to a more “home-from-home” feel with distinct living, dining, sleeping, and working areas.

Record-breaking season for short-term lets expected

Anna Skigin, CEO of Frank Porter, said: “Each year, the UAE builds its all-season offering, and with popularity and visitor numbers at an all-time high, we look forward to summer 2024 being a record-breaking season for short-term lets.

The country does not stop during summer; the ever-increasing and diverse offerings, from theme parks and museums to hotels with their swimming, spa, and dining experiences, offer endless things to do during a summer visit.

“During the busiest season for family travel, a summer short-term let helps families settle in for a longer break and enjoy a home away from home.

The breadth of short-term let properties now available in UAE means all travellers will find something that suits them, whether that be a studio in DIFC for a solo traveller’s ‘leisure’ trip or a large apartment in a prime spot such as Dubai Marina or Palm Jumeirah where a family can enjoy being in shooting distance of all the city’s attractions while enjoying a homely accommodation.

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