What kind of returns can I expect during Expo or major events in Dubai?
During major events in Dubai, such as Expo 2020 (extended into 2024) and other large-scale international conferences, the short-term rental market sees a significant surge in demand and rental income. Here’s what you can typically expect in terms of returns:
Higher Rental Rates: Investors have reported returns up to 20% higher than traditional long-term leases during peak event periods. This is driven by high tourist influx and demand for flexible accommodations, especially in key areas like Downtown Dubai, Palm Jumeirah, and Business Bay, which are close to major event venues.
Occupancy Rates and Premium Pricing: Major events attract both business and leisure travelers, pushing occupancy rates close to 100% in prime locations. This high demand allows landlords to charge premium rates, often doubling or even tripling their typical daily rates, especially for well-located and furnished properties.
Demand for Larger Units: Families and groups attending events often seek larger short-term rentals like villas and multi-bedroom apartments, further driving up rental income for those with properties catering to this demographic. Properties that offer luxury experiences or unique amenities tend to perform exceptionally well.
Dubai, property owners can expect substantial returns, particularly if their properties are located in high-demand areas and are well-marketed. Staying informed on event calendars and adjusting pricing dynamically can maximize your rental yields during these periods.
