Rent Property on Airbnb
There are many benefits to renting out a property on Airbnb, including higher rental returns and flexibility. If you’ve ever stayed in a vacation rental or rented out your apartment, you know that this can be an attractive option. However, in order to rent out your property and get your money’s worth, you need a strategy. Airbnb’s website can help you get started.
How to rent out a UAE property on Airbnb
First and foremost, you’ll need to register your property with the Dubai Department of Tourism and Commerce Marketing, or DTCM, which is responsible for enforcing the local laws. You’ll also need to adhere to local regulations, such as fire safety.
When it comes to taxes, the government takes a cut of your rental income. Depending on your location, you might have to pay an additional fee. The DCTM fee is around Dh370 and the tourism tax is usually Dh10-15 per bedroom. To protect yourself, you should use a property management company that has a physical office and DTCM license.
Rent Property on Airbnb and Get Your Money’s Worth
For example, in the Sports City district, a two-bed apartment can rent for Dh450-650 per night, while an equivalent apartment in City Walk fetches Dh850, depending on the location. These numbers are similar in other parts of Dubai. This means that if you rent out your property on Airbnb in the UAE, you’ll get a substantial extra income. It’s an excellent option for investors and vacationers.
How to earn money renting out your uae home on airbnb
While there are some benefits to renting property on Airbnb, it’s important to keep in mind the potential for scams and illegal subletting. Illegal subletting can lead to you having a higher number of people living in your property than you should, or it could result in you losing your insurance or even being evicted. Another downside of renting your property on Airbnb is the fact that tourists can drive up rent prices for locals. However, this can also mean that you can charge tourists more for short-term stays.
Rent property on Airbnb in the UAE
The average Airbnb host in Dubai earns an average of $2,400 a year. But this can vary dramatically, depending on the size of the property, the location, and other factors. The number of visitors to the city, seasonality, and occupancy levels can all affect earnings. Currently, most listings are located in Downtown, Dubai Marina, and Palm Jumeirah. However, growth has also been seen in Tecom and Business Bay.
