rent property
Renting out a property on Airbnb is a simple process that benefits both the landlord and tenant. Although it is illegal to rent out a part of your home in the UAE, it has proved to be a lucrative venture. All you have to do to rent out your property on Airbnb is to register as the home owner and submit a copy of your Emirates ID. Once you have registered, you will be contacted for more information.
How to rent out a UAE property on Airbnb
Before you start renting your property, make sure to check out the utilities and the contract details. In most cases, you will need to pay the agent a commission of up to 5% of the rent value. Moreover, the contract is usually for a year, and if the tenant wants to leave the property before the contract ends, he or she must pay two months’ rent and give two months’ notice. The rental process is quick, and you can move into your new place within a week or so. Remember, however, that you’ll need to apply for utilities, and it may take up to 24 hours to turn on the power.
Airbnb has spread to over 34,000 cities worldwide. In the UAE, it has over 2,000 listings. Over the last year, listings on the platform have increased by nearly ninety percent. This has made Airbnb one of the most popular forms of accommodation in the UAE. It has become a viable alternative to hotel apartments and budget hotels.
rent property on airbnb in the uae countries
Despite the high cost of living in the UAE, renting a property can be affordable. If you look carefully, you’ll find a beautiful home within your budget. You’ll also be able to enjoy some great luxuries for a reasonable price.
How to earn money renting out your uae home on airbnb
In addition to registering with the Dubai Department of Tourism and Commerce Marketing, you’ll also have to follow certain regulations if you want to rent out your property on Airbnb. You must register your rental unit online with the Dubai Department of Economy and Tourism (DTE). Furthermore, you have to pay 6% of your rental income to the Abu Dhabi Tourism Development Authority (ADTA) to help keep the standards high.
Rent property on Airbnb in the UAE
Dubai is one of the most popular locations to rent out property on Airbnb. In a recent study, CIA Landlords found that landlords who rent their property on Airbnb earn an average of $1150 per night. This translates to $339,450 in a year. This means that if you rent out your property on AirBnB, you’ll break even within four months.
The demand for short-term rentals is rising in the United Arab Emirates. Travel preferences have changed, as have remote work options. The FIFA World Cup is also expected to increase visitor numbers.
