Demand for short-term lets is growing fast
http://www.bnbme.me/whatwedo# https://www.thenational.ae/uae/demand-for-short-term-lets-in-dubai-growing-10-times-faster-than-for-hotels-1.909900 Demand for short-term lets in Dubai is significantly outstripping that for hotels, a new report has found, as holidaymakers look for better deals and home comforts during their stay. In a city famed for its dazzling hotels, travellers are increasingly searching for private apartments and villas. A report by market analysts Air DNA recorded growth of almost 70 per cent in short-term rentals between June 2018 to June 2019. Demand for hotels during the same period grew by a more modest 7 per cent, according to the report. Vacation homes nationwide have generated $136.7 million during the same 12-month period as demand continued to grow - though that remains small compared to a Dubai hotel market worth billions of dollars. “The quality of apartments has improved as have the services on offer,” said Vinayak Mahtani, chief executive ...
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