SHORT-STAY RENTALS OR HOTELS FOR STAYCATION?

Dubai staycation prices dive as short-stay rentals heat up

- BY MANOJ NAIR Business Editor

This is turning out to be a good summer for UAE residents planning staycations rather than travel.

Already, hotels in Dubai are offering per-night rates starting from Dh100 - and in some cases, even at Dh87or Dh90 a night. These offers are coming from the most prominent hotels on Shaikh Zayed Road to upper-mid properties by the beachside.

Now, if residents want a bit more space for staycations in Dubai, they should be checking out the daily rates which short-stay apartments or villas that are renting out are offering this month. Because short-stay rental rates are giving serious competition to what hotels are offering on for UAE staycationers.

"Current daily rates range between $70 (Dh256) and $350 (Dh1,284) depending on location and property type," said Vinayak Mahtani, CEO of bnbme holiday homes. "That's roughly one-third of what we see during the winter peak rates for Dubai short-stay rents — which is completely expected and in line with historic trends."

There are also short-stay rental options coming in lower than the Dh250 starting range Mahtani mentions. According to leasing sources, it's 'not difficult' to get spacious apartment options for 3-5 days stays at Dh100-Dh120 a day.

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