The hospitality industry has clearly been affected by the Pandemic. The hotel industry is clearly struggling, and many local residents of the UAE are now booking short term rentals in Dubai instead. One of the biggest benefits of short term rentals is the price. For instance, one bedroom hotel suites can cost several times the price of a three-bedroom apartment. If you compare these two prices, you’ll quickly realize that short-term rentals are much more cost-effective than hotels.

Long-term rentals are more expensive

Generally, long-term rentals in Dubai cost more than short-term rentals, but the long-term rental market in Dubai is growing. The short-term rental market is thriving in the UAE, and is expected to grow in the coming years. Increasingly, leisure and business travellers are choosing private accommodations over shared rooms to enjoy privacy, cook their own food, and keep their social bubble small. This can help to reduce rental costs, but owners who are unable to stay in their rental property long-term may prefer long-term rentals.

Whether you want to rent a short-term rental or a long-term rental in Dubai is up to you. If you are looking short term rental dubai for a short-term rental, serviced apartments are a good option. But the cost of these apartments can be prohibitive if you don’t need the full furniture and amenities of a furnished apartment. However, if you’re looking to stay in Dubai for several years, a long-term rental may be the best choice.

They are less flexible

While long-term rental contracts are more flexible, short-term rentals are less flexible. The landlord is required to rent out the entire unit or building, and tenants cannot rent out just part of their apartment or building. Short-term rentals are a good option for people who want to rent a place for a few months, or for those who need additional income during a seasonal lull. They also offer lower prices for tenants, and landlords are able to get more flexibility with their rental.

However, the benefits of short-term rentals outweigh these drawbacks. The landlord may not be willing to extend the lease, which means that you may have to move soon after you have moved out. This is an exhausting and stressful process and is a major drawback of short-term rentals in Dubai. A property owner should always consult a lawyer before signing a lease contract. A lawyer can offer specific legal advice on the matter.

They are more expensive

While short term rentals in Dubai tend to be more expensive than long-term leases, the initial costs are lower and the monthly payments are more predictable. Some landlords may require a single rent check instead of multiple ones, which can result in higher costs. Then there are utilities and cleaning charges. Moreover, short-term rentals may come with parking spaces and cleaning services. Although short-term rentals are more expensive than long-term leases, some people still prefer them because they do not want to make large initial investments.

Another reason that short-term rentals in Dubai are more expensive is that the properties are not occupied 365 days per year. Thus, wear and tear is reduced. There are few downsides to short-term rentals in Dubai, but they are often more expensive in the long-term if you decide to renew the lease. In addition, short-term leases are prone to rent increases and other changes. But in the end, they are often more convenient than long-term leases.