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Appetite for short-term rentals in Dubai to return post-pandemic!


Dubai: Until about January 20, it was going swimmingly well for landlords in Dubai.

They had the luxury of choosing between going long-term – give their homes on annual rents, as they had been doing for years. Or they could do short-term – put it up as a holiday home to be leased out for days or weeks. Only the landlords had to make up their minds about which way to go.

And then on January 29 came an unwanted visitor in the form of the first reported cases of the coronavirus in the UAE… and then it all went belly up for short-stay landlords. Bookings were cancelled at the last minute, funds had to be returned, and the properties left without occupancy since.

Source: Gulf News 

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