Making money from short-term rentals in Dubai

Is short-term rental in Dubai cost-effective?
 

Dubai is one of the fastest growing cities in the world, attracting both tourists and businessmen from all over the globe. This city offers not only luxury hotels, but also the increasingly popular short-term rentals. What makes this is where you can make more money than in other cities?
 

Dubai is one of the main business centers in the Middle East, as well as a popular tourist destination, famous for its ultra-modern buildings, luxury shopping malls and beaches. This means that demand for accommodations, especially in popular locations, is at an all-time high.
 

Dubai offers luxury properties that are ideal for short-term rentals. The standard of many apartments and houses in Dubai exceeds those offered in many other cities, which attracts customers looking for comfort and exclusivity. This makes it possible to set higher rental rates, especially in areas such as Dubai Marina, Downtown Dubai and Palm Jumeirah.
 

Two Continents is a Polish company with 7 years of experience in the real estate industry that provides comprehensive services. It helps with the process of obtaining a loan, finding an apartment and even finding clients for short and long-term rentals. With Two Continents' help, all these processes become much simpler.
 

What are the regulations for short-term rentals in Dubai?
 

Regulations for short-term rentals in Dubai are clearly defined and require compliance with several rules:
 

• DTCM license
   

Anyone wishing to rent property on a short-term basis must obtain a license from Dubai Tourism and Commerce Marketing (DTCM). Registration includes a fee and meeting quality standards such as cleanliness and security. The license must be renewed annually.
 

• Quality standards
   

The property must meet requirements for hygiene, safety (including fire systems) and professional guest service, such as through regular cleaning and prompt response to reports of problems.
 

• Tourism fee
   

There is a Tourism Dirham, or tourist fee charged for each night of stay. Its amount ranges from 7 to 20 AED, depending on the standard of the property. The owner must pay it for each guest.
 

How to make money from short-term rentals in Dubai?
 

In order to successfully make money from short-term rentals in Dubai, there are several steps to follow. The key to successful short-term rentals in Dubai is location. Choose properties in neighborhoods such as Downtown Dubai, Dubai Marina or Palm Jumeirah, which attract tourists and business people due to their proximity to tourist attractions and business centers.
 

Dubai short-term rentals require proper management. It's worth working with companies such as Two Continents, which handles bookings, cleaning and ongoing maintenance, which will help maintain high standards and positive feedback from guests.
 

Seasonality affects demand. During the winter months, rental prices may be higher, while during the summer it is worth introducing promotions to attract more customers.

Questions and answers (FAQ)
 

• Does short-term rental in Dubai require special permits?
   

Yes, short-term rentals in Dubai require a special permit from Dubai Tourism and Commerce Marketing (DTCM). Every property owner must register their property and obtain a license for short-term rentals. This process includes meeting certain quality standards, such as maintaining hygiene and safety. Renting without the proper license can result in financial penalties.
 

• How much can you earn from short-term rentals in Dubai?
   

Earnings from short-term rentals in Dubai can vary widely, depending on location, property standard and season. In popular neighborhoods such as Downtown Dubai and Dubai Marina, owners can earn from AED 10,000 to as much as AED 30,000 per month on luxury apartments. During the winter season, when tourism is at its peak, rental prices can be higher, significantly increasing profits. The key is to maintain a high standard and good reputation to attract guests and maximize income.
 

• What are the best locations for short-term rentals in Dubai?
   

The best locations for short-term rentals in Dubai are primarily Downtown Dubai, home to the Burj Khalifa and Dubai Mall, which attracts tourists year-round. Dubai Marina is another popular neighborhood, offering beautiful views of the marina and proximity to the beach, ideal for tourists and business travelers. Palm Jumeirah, with its luxury villas and apartments, attracts visitors looking for leisure. High demand for rentals is also at Jumeirah Beach Residence (JBR), due to its proximity to the beach, restaurants and entertainment.
 

Photo: Skyscrapers in Dubai / Photo: Simon Infanger, Unsplash.