Short Term Rentals – It’s the smartest move in the current market!

What would you say are the major 5 benefits of short term rentals? For investors/ landlords and occupants?

For landlords

• Increased rental income
• Opportunity to use the property themselves for a holiday home
• Flexibility to keep marketing the property for sale
• Not tied into long term contracts
• Reduced vacant periods

For occupants

• More cost effective than hotels
• Families can all stay together rather than in separate rooms
• No legal documents needed like a long term rental
• No utility bills to pay or furnishings to be done
• Property is controlled and well maintained constantly

How difficult is it to transform a property into a ‘holiday’ home, with regards to furniture etc.?

“It is very easy to transform your property, my tips are to keep the furnishings simple and neutral colours to appeal to the wider audience. Many companies like ourselves offer to do this on your behalf so it is hassle free, we are able to match different price categories and styles.”

In Dubai, a home owner can operate his/her property for short term leasing on their own (licensed operator); why would you recommend to hire an agency for the process?

“The amount of work that is put into managing a property so it is ready for guests is tremendous. Most landlords are busy with work themselves to worry about checking guests in the middle of the night and sourcing reputable companies for housekeeping/ maintenance. Holiday home companies have the right platforms and database to market the property in the correct licensed way too.”

How do you see the trend of short term rentals for the next 5 years?

“I see nothing but a huge incline, especially with expo 2020 next year. Short Term Leasing is the future.”