I’d like to get an apartment in Dubai as an investment. But to get a feeling for this, I would prefer to start with a rented property.
However, not surprisingly, most landlords aren’t too fond of short-term rentals. But I’ve heard that some people have been able to do it.
How would you find a landlord who’d allow AirBnB-ing?
How can you find properties with a good ROI?
By doing your market research @Marvin121
Only you can estimate an ROI once you have researched comparable STRs to the ones you want to rent and done your research in terms charge out and occupancy rates and put a budget together for your start up and ongoing costs.
With a rental do you have the money to cover the rental charges whether or not you get STR income?
It is hard to find landlords willing to let you sub-let and some areas and buildings ban STRs completely.
Thanks for your reply @Helen3 .
Yes, I have of course done some research already. For example, I have talked to STR agencies. But none of them could help with finding rental properties suitable for STR.
Thus my question how others with experience in this market have done it. Especially in attractive areas like the Marina.
I would also of course be able to cover the rent irrespective of STR income.
This forum is mainly used by hosts who own their properties. If you want to run an arbitrage scheme speak to those in that sector.
Talking to management companies isn’t doing market research. This won’t help you identify your ROI, demand for the type of property you want, or help you find landlords willing to sublet for STRs.
And there is no ‘of course’ about you being able to cover rent if you don’t have booking. Many arbitrage operators went bust during Covid because they didn’t set aside money in their STR business to get them through the lean times.
Ok, so how would I do proper market research then? AirDNA?
I’m also open to buying, I’m just thinking renting would lower my risk.
“If you want to run an arbitrage scheme speak to those in that sector.” - this sounds like you have an idea where I would be able to find them? I would love to talk to them, I simply have no idea where to find them.
Let Google be your friend @Marvin121 lots of get rich quick arbitrage companies on the web promising you untold riches if you follow their book/training scheme etc.
in terms of market research - there are multiple sources you can use - listing companies to manually check pricing, tourism footfall reports, government location research reports, talk to estate agents, property investment reports etc etc
I am not talking about get rich quick schemes. I am simply looking for AirBnB hosts who have done this before, but not as owners.
Are you even based in Dubai?