In Modern age where everything works with a click of a button, it is possible to get things done without physically being there. This is true when you are a landlord.
Things to consider before managing your own property:
Even if it is possible to manage your own property and cut-out the middle agents does come with its own perks, there’s still a lot of responsibilities to remember. For starters, as a landlord be ready to keep a track of any maintenance issues involved.
Local Rules and Regulations
Being a Landlord in Dubai requires following to several local rules and regulations such as registering as a holiday home operator with the Dubai Tourism and Commerce Marketing (DTCM). The DTCM also needs a small tourism fee when the property is let out.
Before renting your apartment as a holiday home, the Landlord must ensure that the apartment is fully furnished with access to Wifi and DEWA connection. The DTCM provides a holiday home.
Once these requirements are met, the DTCM provides license to landlord, the landlord is free to rent their property on a short-term basis. The request is usually reviewed within 24 hours and is granted for a year with costs ranging from AED 1,000 to 2,000.
Lastly, once your home is ready to be let out – you must ensure that the home gets the visibility and reach required to maintain a full calendar. This includes advertising your property on booking sites, consistently managing your bookings and revenue.
Perks of working with Desert city stays Holiday Homes
Dubai’s rich real estate market is well suited for Holiday Homes. Chances are hiring an expert, will relieve you of the constant stress while also ensuring you haven’t missed out on important details.
Desert city stays in Dubai, offer a complete approach to holiday home management services which involves all the tools required to make your life, as a landlord abroad, easier. Our in-house team covers all your property needs including marketing, acquiring permits, maintenance, furnishing and setting up utilities. As a leading Airbnb and Vacation rental management service in Dubai, some of our features include:
Our Landlord portal allows owners to review the state of their property, upcoming and current bookings and any revenues and information about bills. This is, especially, if you happen to own a couple of properties in Dubai, it becomes easier to keep a track of it.
360 selling support
Apart from setting the property up, we also ensure that each property gets the extensive marketing required to reach both the expatriate and tourist markets. Our marketing efforts include professional property shoots, viewing of property, registering your property on booking sites such as Airbnb, and Booking.com as well as local portals such as Bayut and Propertyfinder. Additionally, all listing and revenue management is also handled by our in-house team.