One of the best things about Dubai real estate is that it provides investors with a diverse range of options. For example, commercial real estate in Dubai consists of workspaces, offices, retail stores, etc. When it comes to residential real estate, we have options like apartments, villas, studios, condominiums, and vacation homes.
Vacation homes or holiday homes are properties that are solely for the purpose of recreation. It can be a cozy cottage or a luxurious villa, but it is not a primary residence in many cases.
These properties are usually located around tourist destinations and are made to provide peaceful leisure time. The best holiday homes in Dubai have facilities such as pools, gardens, and beaches and offer magnificent scenic views.
What’s more, the vacation homes in Dubai are designed to offer a comfortable and personalized experience that could provide ultimate serenity.
But, are holiday homes in Dubai a good investment? And what factors should you consider when investing in holiday homes in Dubai? Here is the guide for you.
Why Should You Invest in Holiday Homes in Dubai?
Investing in vacation homes in Dubai can be a great real estate investment decision because it is a continuous source of rental income.
Also, it provides a space for the sake of personal retreat, which is an additional benefit.
We have listed down a few reasons why investing in holiday homes in Dubai is a good investment.
1. Tax Exemptions
Despite the fact Dubai has low taxes, it can still count to a lot if you are not careful. However, registering the property as a Holiday home in Dubai is beneficial because, firstly, the property owner wouldn’t need to register an Ejari contract.
Secondly, it can save a lot of money. For instance, the property owners don’t need to pay the income tax or any property tax.
2. High rental income
The Short-term rental homes in Dubai offer great rental income. You can capitalize on renting out vacation homes in Dubai because they are in high demand.
It can become a continuous income stream as people look for top-notch amenities and leisure. A good strategy can convert a residential property into a holiday home, which can yield high incomes.
3. Capital Appreciation
Holiday homes in Dubai are a great potential asset. First, you can generate regular rental income as Dubai is a trade hub that generates a massive regular influx of business people and professionals. It is also a favored place for tourists, so holiday homes are always in demand.
Second, Dubai real estate market is one of the fastest-growing markets in the world. Any investment you make today will appreciate in value over time. You can generate rental income and profits on sales, a win-win situation.
4. Attracts Luxury Lovers
More and more people choose to spend their vacations in Dubai. Many individuals who tend to visit Dubai for business or leisure choose to stay at the holiday homes because of the luxury it provides.
The swimming pools and gyms are basic facilities that most tourists look for, and they find them in holiday homes. Furthermore, tourists usually look for accommodations that are close to the parks, dandy dining areas, and shopping malls. A holiday home in such places is an ever-green investment.
5. Flexible usage
The usage of the holiday homes is very flexible. Investors can use it for personal use and can lease it when not in use. The management of holiday homes is quite hassle-free because the maintenance and furnishing are all covered by the home operators.
Lastly, investing in holiday homes in Dubai is a great way to diversify your real estate investment portfolio.
Tips for Investing in the Holiday Homes in Dubai
Owning vacation homes in Dubai can be very expensive at times. If you are new to the market, make sure that you understand the dynamics, follow the guidelines, and abide by the laws.
A few general guidelines include:
- Always look for an attractive location. It can get you tenants quickly and more often.
- Make sure that the property looks dandy and modern. Appearance matters a lot, so present what is best.
- Make sure you offer more, not less. Basic facilities must include a washing machine, air conditioning, iron and ironing board, hair dryer, and a key to each bedroom.
Here are some expert tips to consider when investing in vacation homes in Dubai.
· Do Your Research
Learning about the trends, demands, and pricing by yourself is always advisable. It can help you locate the most desirable locations for the best holiday homes. Along with that, it can help you locate potential properties, which can be a good investment decision. The research would also help gauge the risks and the associated challenges of investing in vacation homes.
· Consult Real Estate Professionals
It is great to know by yourself, but the minute details are better known to the professionals, such as real estate brokers in Dubai. Always look for professionals who can help in matters of renting, owning, and property management. It will save you both time and money, and you can negate potential risks in the future.
· Understand the ‘why’ of investment
Always be very clear about why you want to invest in the Holiday homes in Dubai. Clarity of the purpose of investment; knowing whether you want a hands-on approach or a hands-off approach is always great, as it allows you to plan accordingly.
It is important to know the ins and outs of investing in vacation homes. For example, the property may not be rented for a few days or weeks due to temporary low demand or other reasons. However, you can minimize such risks by staying in touch with registered real estate brokers in Dubai.
· Plan for long-term
Always plan for the long term because it allows you to understand the potential risks that might arise in the future. Look for changing market trends and plan accordingly; never go unprepared when investing in a property in Dubai or anywhere. It is important to note that long-term real estate investments are usually safer and highly rewarding.
Top 10 Best Holiday Homes in Dubai—Luxury Personified
Be it investment or your quest for spending a luxury holiday, we have compiled a list of the top 10 holiday homes in Dubai to help you make a more informed decision.
1. One BR at Sky View Tower Dubai Marina
It is a charming one-bedroom apartment which is adorned with Victorian-style decorations. The ambiance is grandiose, and the location adds to the luxury.
The interior offers a unique blend of beige and muted yellow, with high-end lighting fixtures. The property offers all the amenities, such as a pool, sauna, jacuzzi, and a health club. The area size is 896 sq. ft.
2. Appealing 3BR and Assistant’s Room in Sunset at Creek Beach Building 1 Dubai Creek Harbour
It is a fully furnished three-bedroom apartment with an additional assistant room. The location of the building is the Creek Harbor district. It is a space that can offer a serene community lifestyle perfectly.
It is a premium choice for families because it is equipped with a well-equipped kitchen and has 1,596 sq. ft. of space.
Like other short-term rental homes in Dubai available in the market, it also offers many amenities such as a swimming pool, fitness center, and access to a private beach.
3. Enticing 2BR in Sunset at Creek Beach Building 1 Dubai Creek Harbour
The fully furnished two-bedroom apartment at the Creek Harbour offers a unique merger of the abstract interior with the waterfront of Dubai Creek. It is a well-lit space that offers a tranquil community lifestyle.
The building is surrounded by recreational facilities, which makes it a choice for visitors. The total area of the space is 1,142 sq. ft. and is the choice of many families.
4. Plush 1BR at Act One Act Two Tower 2 Downtown Dubai
The one-bedroom apartment is one of the best holiday homes in Dubai because it offers a great living experience with majestic views. The added feature is that it is equipped with smart technology and expansive floor-to-ceiling windows.
The ambiance is quite serene and comfortable, which offers ultimate peace. The area of the space is 767 sq. ft. and offers access to the swimming pool and gymnasium.
5. Pristine 2BR at Bahar 2 JBR
It is an elegant two-bedroom apartment adorned with neutral colors. The residence offers spacious rooms with king-sized beds. The furnishings are top-notch.
Along with two bedrooms, the space also has a living area, dining area, and an open kitchen, which is equipped with all appliances.
The total area is around 1500 sq. ft., and the building offers all the amenities, such as a swimming pool and gymnasium.
6. Reposeful Studio at Azizi Riviera 4 MBR City
It is a comfortable studio apartment that offers a stylish space for city residents. The décor of the apartment is soothing and offers scenic views of the lush green community.
Apart from the community benefits, the residents can also enjoy easy access to the Dubai Hills Mall and other destinations like Downtown Dubai, Business Bay, and Dubai Marina.
The amenities such as a gym, pool, BBQ area, and kids parking area come as basic in the short-term rental homes in Dubai, and this space offers it too. The total space is around 323 sq. ft.
7. Plush 1BR at Act One Act Two Tower 2 Downtown Dubai
This one-bedroom home is one of the best short-term rental homes in Downtown Dubai. It offers panoramic views of Downtown Dubai. This residence offers integrated smart technologies and extraordinary comfort.
The colors used are neutral, which provides a very serene ambiance. The area of this space is around 767 sq. ft. Notable amenities include a gym, swimming pool, steam room, and kids’ playing area.
8. Elegant 2BR in Royal Amwaj Residences North Palm Jumeirah
It is a large two-bedroom space and offers not only the bedrooms but stunning views of the Burj Al Arab. It is equipped with world-class facilities such as free Wi-Fi and great privacy.
The space comes with a six-seater dining space, a large living room with a huge LED, and a balcony where you can relax and enjoy your coffee.
The area of this space is around 1,800 sq. ft. and offers standard features such as gymnasiums, playgrounds, and temperature-controlled swimming pools.
9. Stunning 2BR in Royal Amwaj Residences North Palm Jumeirah
This two-bedroom, 1,770 sq. ft apartment is a tropical retreat. It offers stunning views of the Palm Jumeirah from a huge living space, which is equipped with a large LED TV and luxurious furniture.
It also comes with a kitchen and a six-seat dining area. The other amenities, such as a state-of-the-art gymnasium, swimming pools, and playgrounds, come as basic.
10. Modern 1BR at DAMAC Zada Tower Business Bay
This is a one-bedroom apartment with world-class amenities, top-notch ambiance, and exquisite interior. The colors chosen for the interior are warm, which makes it very comfortable.
The short-term rental properties in Dubai offer many amenities, such as pools, gyms, BBQ areas, and sauna, and this property is not an exception. The total size of the property is around 465 sq. ft.
Vacation Homes in Dubai—summing it up
Dubai is a dream vacation destination for many. It has attracted the whole world from business perspective and has become one of the top tourist destinations. It is always a good choice to invest in holiday homes in Dubai as the market for vacation homes is burgeoning.
That’s because it not only generates regular rental income, but the property value appreciates with time. What’s more, you can enjoy your own family vacation if you own a holiday home in Dubai. All in all, it is a win-win situation.
Need some help in investing in short-term holiday homes in Dubai? Feel free to contact Orchid Homes Real Estate, Dubai.
You can also read our Detailed Guide on How to Buy Hotel Apartments in Dubai