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Showing posts from November, 2018

Leasing your property as a holiday home rental

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With Dubai aiming to welcome 20 million visitors by the Year 2020, more real estate developments are being built. Investors are taking advantage and start buying  Dubai properties  to turn to an income-generating asset. Most of the residential  real estate in UAE  is leased out for a long-term period but nowadays, short-term letting or holiday home rental is gaining popularity. As Dubai continues to attract high tourism demand, the number of vacation homes will likely to significantly increase in the coming years, says Airbnb, the biggest portal of holiday homes. Dubai’s Department of Tourism and Commerce Marketing (DTCM) classifies a holiday home as ‘a furnished accommodation which is rented as a whole unit on a daily, weekly, monthly or annual basis without the issuance of an Ejari regulated tenancy agreement’. So if you are a property owner who often travels abroad or considers Dubai as the second home, turning your property into a holiday home can be ...

Moving to Dubai Advice | Apartments for Rent in Dubai

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Apartments and Villas for Rent in Dubai, UAE One of the friendliest and livable cities in the Middle East, Dubai is one of the world’s top cities for expats. As of 2017 report, more than 91 percent of the populations of nearly three million are expatriates, who are business owners or working for a company. The numbers are expected to increase now that Dubai Government has offered a 5-year residence visa for expat retirees over the age of 55 years under certain terms and conditions. So before you pack your belongings and kiss your birth country goodbye, temporarily or permanently, it would be best to plan ahead. Most expats started with leasing, and then eventually bought properties in the freehold areas in Dubai after living here for some time. Dubai offers all types of housing, from the most affordable to the most luxurious. The views add value to the unit which means you will be paying more if you want unobstructed and panoramic views. Check out Marina, Jumeirah Beach Resid...