Many recent surveys carried out by local and international organizations determine that despite the recent global financial crisis, tourism in Dubai has not been affected and the emirate continues to attract world tourists and tourists in its traditional way. His fervor can only be seen intensifying with Dubai flaunting more and more tourist attractions. The results of these surveys show an amazing growth in Dubai tourism: in 2007 it received 13% more visitors to Dubai than 2006, while for this year experts predict a 10% increase in the number of foreigners visiting. The middle east.
As Dubai remains a major tourist spot, short term property rental here is one of the most prosperous companies. For a long time there has been no slowdown in Dubai’s short-term vacation rental properties and prices and demand have only increased with each passing year. Whether it’s vacation apartments, villas, beaches, and resorts, everyone’s rental rates have increased in recent years. Even rates for other short-term rental properties, such as self-catering apartments and furnished apartments in Dubai for rent, have not escaped the uncontrollable rise in prices.
This continuing upward trend in Dubai’s tourism industry and, in turn, in its short-term property rental sector may have stunned visitors and cost their funds a lot, but it has definitely been lucrative for investors. High rental yields, excellent capital appreciation, and the ability to use the property as a second home are some of the factors that make investors fearlessly put their money into short-term rental properties.
In addition to tourists and tourists, many other people visit the city for reasons ranging from business to jobs and others. This segment of Dubai’s transitional population is also a major contributor to the growth of the city’s short-term real estate sector. The way Dubai has opened its doors to job seekers and travelers around the world, investing in your short-term rental property may be the most lucrative of all known real estate investments.