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A Look Into The Statistical Rise In Demand For Holiday Homes

Holiday home rentals in Dubai are becoming increasingly popular as more people are looking for unique and affordable ways to explore different places. Renting a holiday home in Dubai offers a great range of benefits that can’t be found in traditional hotel accommodations, such as more space, privacy, and flexibility. It also allows travellers to experience the local culture in their own way by living like a local.

Holiday homes provide travellers with an ideal opportunity to get away from the hustle and bustle of everyday life, while still being able to enjoy all the comforts and amenities they would have at home. Whether it’s for a weekend getaway or an extended stay, holiday homes can provide the perfect solution for those looking for an affordable yet comfortable vacation rental in Dubai.

Statistics Illustrating the Growth in Demand

The growing demand for holiday homes has been evident in statistics collected post the start of the pandemic. While the hospitality industry and hotels were hit severely due to the onset of Covid-19, the holiday homes sector although very similar to the hotel industry was not affected as much post the onset of the pandemic. Hotels had garnered an occupancy rate of just 57% while holiday homes saw a rise to occupancy rates of a booming 90% in some of the more popular destinations in the UAE. In 2016, the UAE introduced new regulations for holiday homes by individual owners, and the market has not seen a slump since this move and it has instead seen significant growth, especially since the pandemic.To further solidify this growth trajectory, in 2022, Dubai was declared the world’s most popular destination for travellers and it was also declared the fourth best place to invest in a holiday home.

A few Reasons behind the Increase in Demand

This popularity and growth were seen due to the space and privacy offered by these holiday homes to a different group of travellers who weren’t classified as the typical tourist. These individuals wanted the comforts of home, but with an edge. The rise in demand can also be attributed to an obvious rise in the population graph of the country. Although during the pandemic, the population of the UAE had dipped by 8.5%, it was hit by a surge that has crossed the 3.5 million mark in Q2 of 2022. This statistic is only going rise as the country plans to hit the 5.8 million mark by the end of 2040 according to its master plan. A local newspaper also placed on record the rise in the staycation boom in the country in the previous years. As of June 2021, 92% of UAE residents had opted for holiday homes for staycations as opposed to hotels. Moreover, the highly efficient handling of the pandemic by the government resulted in many people wanting to relocate to the UAE for their own safety, and this consequently brought about a rise in demand for holiday homes.

Takeaways

While the holiday home market is a new concept in the UAE, its regulations and laws have made it easier for individuals to own holiday homes and the sector has seen a booming rise since its inception in the country. Stay by Latinem and Shoba Constructions believe that this market is only going to rise to further heights as the market matures, which in turn makes the UAE an inviting space for investors and tourists alike. Holiday homes have also proven to gain higher yields in terms of return on investment, thus making it an attractive venture for investors and home buyers alike.

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Holiday Homes: The Investment That Generates income

Investing in a holiday home can be an attractive option for those looking to make some extra money and enjoy a vacation rental property at the same time. Holiday homes can provide a steady income stream through short-term rentals, while also providing you with an opportunity to enjoy your own vacation home when you need it.

When considering investing in a holiday home, there are several factors to consider. You will need to assess the market for vacation rentals in a desired area and determine whether it is profitable enough for you to invest in that property. You will also need to consider the costs of owning such a property, which include but are not limited to maintenance and taxes. Finally, you should research the different types of holiday homes available and decide which one best matches your requirements.

For those looking to invest in holiday homes, but are somewhat apprehensive, we have put together 5 reasons why you should consider investing in a holiday home.

Quick Return on Investments

Unlike buying to-let properties, holiday homes turn over a good margin in returns in a short time period. One can capitalize on busy seasons and inflate their prices to ensure that they gain better profits during those times. Additionally, short-term rentals can generate more income as it is charged by day and not by month/year. This, in some situations, can be three to four times more than a property of the same size and dimensions in the same area that is being rented on a monthly basis. In keeping with this, your loan periods can significantly reduce and it allows you to enjoy some extra cash flow while you can.

More Travellers as Compared to the Past

Taking a vacation used to be an activity of the elite, but with rising standards of living, and exposure to the world through the internet, vacations have spread their roots into the middle-class lifestyle and have set the industry on an all-time high. With more people taking vacations, demand for vacation homes and short-term rental apartments has become more prevalent, and this makes now the best time to invest in a holiday home.

Offset Your Vacation Expenses

When you own a vacation rental, it allows you to visit the country more often without the burden of spending lavish amounts on vacation stays and hotels. You can enjoy a carefree trip knowing you are going to be living safely in the walls of a house you own.

Apartments that Pay for Themselves

Holiday homes are mostly located in most searched holiday spots, as they churn in the most amount of business. The advantage of these locations for holidays is that they have the ability to give you customers all year-round. This in turn helps in ensuring that you have a steady cash flow to pay your monthly EMI’s – in case the holiday home is bought through a bank loan, which is typically the case.

Additional Income

While owning one holiday home can just about give you enough to pay for the house itself and a few other expenses, investing in two or three holiday homes, can sometimes be your source of primary income as the amount it brings in will be sufficient to run a middle-class household more than comfortably. If this is a secondary income, then it can be your channel to major income and a luxurious lifestyle.

If these reasons haven’t convinced you yet, we’d like you to consider our success story! We, at Stay by Latinem,have been able to provide the best vacation rental apartments in the center of the bustling city of Dubai, and we continue to expand our properties across the city. Stay boasts many attractive offerings and we have the right channels and contracts in place to ensure that any home you buy can be converted into a holiday home that can bring about maximum profit. Visit our website to get a better insight into investing in our holiday homes and find out more about the many perks it comes with.

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Creating The Best Kid-Friendly Holiday Home Experiences

Vacation rentals provide a unique opportunity for families to explore and experience a new destination in the comfort of a home away from home. With the right planning, kids can make the most out of their holiday homestay by participating in activities they wouldn’t otherwise have access to. From exploring nearby attractions to learning new skills, there are plenty of ways to make your vacation rental apartment stay more enjoyable and memorable. Here are some tips on how kids can make the most of their vacation at Stay Holiday Homes.

Jump Into the Pool

A temperature-controlled pool is an added luxury you can enjoy year-round. So no matter what the season, take the kids, bring over some flotation balloons, and take a splash in the swimming pool. It is the best way to beat the heat and add an element of fun to your day.

Movie Night

Have a viewing night of their favorite shows or movie and show them your willingness to be involved in their interests. This could go a long way in strengthening a parent’s bond with their kids.

Outdoor Games

A game of badminton, cricket, or football can be played in the littlest of spaces when it’s with kids. Amenities within the society to play such sports only up the ante for the kids and make it more fun.

Have a Storytelling Evening

The best parts of our childhood have been listening to our family’s elders telling us the many fun stories they know or have experienced. Create such memories for the kids as well, and give them some memories of yours they can take forward. Sit around the couch or cuddle together on the bed and narrate your best stories to the kids.

Have a Game Night

Kids love games, and there is no better way to cater to that than a games night. Gather up all your favorite board games, or look up indoor games you can play with your kids and enjoy a night of bonding and laughter and make the best of memories with your kids while they are still kids.

At Home DIY

Hire someone to teach them a new skill or better yet, get on youtube and look up something the kids can build with the available supplies. This motivates creativity and progresses analytical thinking.

Quiz, Riddle, or Puzzle Activity

The best way to tug on our kid’s brain-strings is to have a puzzle for them to solve or a fun quiz or riddle activity. This makes for something to keep their minds occupied in the best way possible.

Kids make for a brighter future for us. Giving them the best childhood ensures that they grow up to be the best versions of themselves. Our Stay Holiday Homes offer you a home away from home to experience the best of what the city has to offer. Bring your family to one of our stays and enjoy all the luxuries of a futuristic lifestyle to give your kids a memorable vacation experience.

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The To-Do List For A Perfect Holiday Home Staycation

Planning a staycation at a holiday home has become increasingly popular in recent years, with more and more people opting for the convenience and comfort of vacation rentals over traditional hotels. Whether you’re looking to get away from it all or simply enjoy some quality time with your family, planning the perfect staycation can be a challenge. But with the right tips and tricks, you can make sure that your staycation is one to remember. From choosing the perfect holiday home to stocking up on supplies, here are a few tips on planning the perfect staycation at our holiday homes at Stay Holiday Homes.

Camp or Set Up a Picnic in the Park

Going out just for a picnic has become something that lesser people have been indulging in these days. A good picnic involves the family coming together to enjoy some quick bite-sized snacks and some games to ruffle out some fun of being together.

Get Outdoors

Go for a walk in some well-laid-out gardens in the evenings when the sun is ready to set. A walk can be beneficial to your mental and physical health. It also helps you be one with nature to appreciate the wonders of the outdoors.

Plan a Date Night

Cook a meal or order in, and plan a date night with your better half. Light up a candle set up the table, dim the lights, and have some music playing in the background to create the perfect ambiance for your date night.

Planning the perfect Staycation has become a very easy affair these days. Our Stay holiday home offers a wide range of holiday home rentals in Dubai that make for the perfect short-term vacation rental in Dubai.

Have a Movie Night

Get some popcorn, get yourself a comforting drink, pick your favorite movie, pick the most comfortable spot in front of the TV, and enjoy a relaxing movie night alone, with family or with someone special.

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Here’s How To Save Big On You Next Holiday Home Rental In Dubai

Planning a vacation to Dubai may look like a costly affair. The exorbitant charges on travel and stays take up a major part of a vacation budget. This can sometimes make you feel limited with your choices and expenses, when in fact, you should be having the time of your life planning this trip! Suddenly, every other expenditure starts to feel heavier on your pocket and every purchase is met with doubt. This is not an ideal way to prep for a vacation. We are here to help you find ways to save money while booking your next holiday holiday rental homes in Dubai.

Here Are 5 Tips To Save On Your Holiday Homes In Dubai For Rent

Why Invest in Holiday Homes

Rent Directly Through Property Owners

Furnished short stay apartment in Dubai are listed on many booking platforms. It is always advisable to rent directly through property owners by either calling them and making a booking or by visiting their websites. In most cases, this is the best price you could get Dubai’s short term rental properties. Booking platforms usually have added costs attached that adds on to the actual rental value of the space. This can be avoided by locating the website or any direct contact information, and getting your bookings done directly through the owner of the rental.

Make Bookings As Early As Possible

It is said that bookings are classified into time periods in the year and priced accordingly. Depending on where you’re visiting, these prices differ. A recent study noted that most travellers plan and book their stays at least 90 days before their trip. Grab your best deals by booking your stay as early as possible and save some extra moolah for the added experiences.

Take Advantage of Last-Minute Deals

There are some instances when a holiday home is not booked for a certain period, and the owners try everything they can to see that the rental does not sit empty. This is when they offer attractive deals so that it can be booked, and they earn something rather than nothing. These offers are rolled out at the last minute and with no intimation. This is the best time to swoop in and grab yourself a surprise deal.

Book Properties Further Away From Tourist Attractions

Tourist attractions are very well-known locations and are the most searched while looking for stays. This increases demand for properties in the area and subsequently, prices are set at a premium. It is always advisable to do a little research about the places you want to visit and look for neighbouring towns and villages that are lesser known. Chances are high that you could get an equally good stay for a fraction of the price.

Include Friends To Split The Costs With You

An apartment comes with many amenities and comforts that can be utilised by more than one person. In these cases, it is best to include a friend in the plan to stay with you, as they’d be covering half the cost of stay with you. With these tips in mind, we are certain you can plan and save big on your next vacation. Stay by Latinem, offers holiday rental homes in Dubai, and provides a wide range of apartments designed to meet your every need. Make sure to check out our apartments on our social media and on our website, to get a better look at our premium holiday homes, with unrivalled amenities and facilities. Follow Stay Holiday Homes and stay up to date on our latest news and offers which are rolled out periodically for your benefit.

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Traveling In A Large Group? Holiday Homes Are A Better Pick Than Hotels

Planning a trip with a large group involves a significant amount of organization. Thinking about where to stay, the places to visit, how to commute are just some of the details that you’d need to figure out, to ensure the itinerary is well-balanced and hassle-free to match everyone’s needs, and the entire trip comes out to a reasonable price. Dubai is already well- established as a tourism hub and it attracts a multitude of visitors every year; with this in mind, it is designed to cater to a range of travellers and as such, it has diverse options when it comes to accommodation, sights and attractions, places to eat and much more. Choosing the right place to stay is probably one of the most important factors to consider when travelling with a group. With rising standards in the hospitality industry and its best offerings in all sectors, there has always been a healthy debate about whether to pick a hotel or a holiday home, for a large group traveling together.

Large Floor Plans

Here’s a breakdown of why holiday homes make a better choice for large groups. A good hotel can get you an average of 400 sq ft of space while the average minimum in a holiday home is 2000 sq ft. The interesting fact is that despite the massive difference in size, both are being offered at similar price caps. When traveling in a group it’s always better to stay under one roof, not just for better costs, but for the sheer fun of it! Instead of staying in different hotel rooms, you can choose holiday homes with multiple bedrooms, giving you the added benefit of privacy within your space when everyone gathers in the communal living space.

Get Your Money’s Worth

When a group travels together, picking hotels tends to become a costly affair, mainly because as the number of people travelling goes up, the number of rooms to be booked also increases. This can be easily avoided if you opt for a holiday-home with multiple bedrooms – you’d still be getting a ton of amenities and fantastic facilities, but at a price that won’t break the bank.

More Private Spaces To Relax And Connect

While hotels provide you with room service, having a kitchen of your own in your holiday home cuts down on food costs drastically. It also offers you a living space with everything needed to bring the group together. Be it a living room where everyone can gather to relax and play a board game or a dining area where the group members can eat breakfast together, a holiday home is an ideal setup to bring everyone together, establish stronger bonds, and make for a memorable experience. Picking a holiday home in Dubai for rent has become an easy click away thanks to the substansial increase in the number of holiday home companies in the city. Stay Holiday Homes is one such holiday home company in Dubai, that offers furnished short-stay apartments of varied sizes for any group – large or small. Different apartment offerings including single to multiple-bedroom apartments allow us to be the best host for a group traveling together. It’s time you get your fellow travellers together again and plan a group vacation with us at Stay by Latinem.

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Choosing The Location Of Your Next Holiday Home: Factors To Consider

Choosing a suitable holiday home rental in Dubai, has a significant impact on the kind of holiday experience you will have in the city. A great starting point is understanding the ins and outs of how to pick the right location for your stay. There are many elements to consider when selecting the optimal location to match your holiday needs. These factors can change depending on the type of vacation you’re looking for, but broadly speaking, it all boils down to a simple few.

Here’s a breakdown on things to look-into while choosing the best location for your next holiday home rental in Dubai.

Proximity to Public Transport

While choosing a holiday home, checking its proximity to public transport is vital as it helps cut down on travel costs within the city. It also allows for connectivity to all the major destinations in the city. Most metropolitan cities have a well-connected system of public transport that are government subsidised. This will ensure your travel is accessible from the time you land and throughout your stay.

Safety and Security

No matter what the reason for your travel, safety, and security take precedence. Knowing your holiday home has amenities that take care of your safety is an essential contributor to a stress-free holiday.

Distance to Major Tourist Attractions and Activities

While picking a location for your holiday home, make sure to factor in the proximity of your stay to major tourist attractions and activities. This will help to not only cut down the time you take to commute through the city, but it will also allow you to do a lot more during your holiday.

Proximity to Everyday Essentials

At times, even on holiday, you still find the need to sometimes run some quick errands. It only makes sense to have your essentials, such as ATMs and minimarts, at a reachable distance from your holiday home.

Environment and Ambience

A personal choice and variable from one person to the next, but the sights and surroundings of your holiday-home have a big influence on your overall stay. It’s great to have the choice to be out in the outskirts of the city, disconnected from the daily bustle of life, or the choice to stay in the heart of the city, with a view of the city’s most iconic sights.

Check Customer Reviews

Customer feedback is always the best way to find out how other travellers have experienced their stay at a particular holiday home rental. It gives you a clear insight of the advantages and disadvantages of any given holiday home. It also gives you first-hand information on amenities, accessibility, comfort, cost-effectiveness and so much more.

With these points in mind, you can truly filter and weigh out the best holiday home rentals that match your needs.  At Stay by Latinem, we pride ourselves in offering you luxurious holiday-homes, with high-end amenities, in the heart of Dubai, amongst some of the city’s greenest communities. We also add to our merit, the super host tag being conferred to us by Airbnb for providing our clients with high end services and for being experienced, reliable and responsive. We are also thankful to our 150+ happy customers to have given us 5 star ratings on google. Make Stay by Latinem your number one holiday home rental choice on your next visit to Dubai.

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The Time To Invest In Holiday Homes Is Now

Dubai has been a hot hub for investments in real-estate, and it is said to be booming in the UAE right now. For people looking to invest in secondary homes, the holiday home market is one that is on the rise within the Emirates and this is a huge opportunity for investors who are looking to venture into the holiday home business in Dubai.

Inception of the Holiday Home Market in Dubai

The end of 2013 came as a breath of fresh air to many small-time businessmen and landlords, as a law had been passed to govern the functioning of holiday homes in the UAE. The Department of Tourism and Commerce Marketing (DTCM) had started to set regulations to run holiday home companies in Dubai, and that’s when the holiday home market emerged as lucrative.

Why Invest in Holiday Homes

Holiday homes are a very attractive market from the perspective of real estate investors, as it generates 60% more rental yields than that of long-term rentals. Many developers have seen a space in the holiday home markets and began to offer management of property and leasing services that have made it even easier and hassle-free for people looking to invest in these homes. Stay by Latinem is one among many other developers offering these services, while offering homes with state-of-the-art architecture and amenities, in the heart of the city.

Why the Market is Lucrative

A London based real estate giant recently came up with a report giving us an idea of how much time it takes to recuperate investments in homes from long-term and short-term rentals. A 3-bedroom apartment was said to take 187 months to recover its investment in property, through long-term rentals, and just 46 months with short-term rentals. A report published in 2019 noted that 2% of the household market in the Emirates was occupied by holiday homes. At face value, it might not sound like much, but the report also noted that this was the highest among global metropolitans. While the entire hospitality industry was hit with the onset of the pandemic, Dubai’s holiday home market picked up at such a rapid rate that in less than 15 months, it dominated the hospitality market by Q3 of 2021.

In this new age fashion of vacationing, Dubai has seen a monumental rise in holiday homes as an option not just for those coming to Holiday in the UAE, but also for those within the UAE who take frequent staycations, in what is essentially, a home away from. with the lifting of the pandemic restrictions, Dubai welcomed 7.27 billion visitors in 2021 alone. This influx of tourists to Dubai coupled with social media marketing has carved a niche for holiday homes within the region. This has also pushed up the demand for holiday homes in Dubai, and its upward trend does not appear to be going into a dip anytime in the near future.

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STAY Holiday Homes: A Home Away from Home

Gone are the days when tourists, businessmen and people visiting Dubai chose hotels for their short- or long-term stays. Statistics show a clear rise of holiday homes and short-term rental apartments as an option for stay in Dubai. Stay by Latinem, a premium luxury holiday home company, has been leading the space as one among the many top Dubai vacation homes, with a wide range of holiday rental homes offering comfort and luxury at affordable prices.

The influence of social media has factored a significant change in the global trend of how and where people like to stay when on vacation. According to a recent survey in 2019, 64% of travelers globally preferred staying in vacation rentals as opposed to hotels and this saw a 42% rise in rentals of holiday-homes in Dubai from its previous year. This, although disrupted by the tragic start of Covid-19, rose to an all-time high in 2022.

These statistics give us insight into not only how UAE residents choose to stay during their holidays within the emirate, but it is also a testament to how those individuals coming into the emirate prefer holiday rental homes in Dubai.

Here Are The Top 4 Reasons Why Holiday Homes Are A Preferred Choice Over Hotel Stays :

A Cost-Effective Option

Holiday-homes in Dubai are comparatively more competitive than the rates of many hotel establishments within the city. You have the option to travel as a family and book just one holiday-home in a prime location, rather than needing to book two or three hotel rooms. These holiday-homes are available all over the city as well making travel within the city more economical.

Convenience of Travel

Depending on the kind of stay option, be it a vacation or a staycation, one can opt for holiday-homes right in the heart of the city. This helps bring everything you need closer to where you’re staying. The booming holiday-home culture has infiltrated most parts of Dubai, and you can choose among the many options they have according to your needs.

Home Away from Home

Holiday homes give you a feeling of a home away from home coupled with the luxuries of a hotel. Travelling for business, pleasure or just a family visit? The more practical option today is to rent a home instead of just a room. Your holiday-home welcomes you with a well-furnished living space, a dining space, a fully equipped kitchen, cozy bedrooms, and modern bathrooms. Along with this, you are also offered lush gardens and a children’s play park attached to all our properties at Stay holiday-homes.

Luxury and Comfort

While being cradled with a host of luxurious in-room amenities, you also have access to a gym, a sauna and many more facilities like a heated pool to rejuvenate yourself. More importantly, round the clock security is provided across all Stay’s holiday-homes for your comfort and safety.

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Amenities at STAY Holiday Homes

Stay by Latinem is a DTCM-certified premium assets management corporation that focuses primarily on providing elegant holiday-homes and serviced apartments for rent in Dubai.

We are amongst the top holiday-home businesses in Dubai, providing high-end vacation homes in Dubai, in some of the most sought-after locations within the city. Stay by Latinem Holiday Homes provide you with easy access to major tourist attractions, excellent dining options in the vicinity, and unique adventure activities around the city.

Lavish interiors and luxurious amenities will make your visit, without a doubt, unforgettable. Our holiday-homes give you the chance to experience a unique brand of luxury, comfort, and elegance, to help you relax and rejuvenate.

Wake up in a beautifully designed one-bedroom apartment and enjoy your morning coffee in the spacious balcony. Enjoy walks in the tranquil green landscapes and step out to experience the charms of this exciting city. Stay holiday-homes are centrally located, and with a short drive, you can explore many of the city’s prominent attractions, like the Meydan Racecourse, the Ras Al Khor Flora and Fauna Sanctuary, the Burj Khalifa, the Dubai Mall, and the Palm Jumeirah.

To ensure peace of mind, the community is monitored by 24/7 security. Admission is also allowed for individuals visiting the in-house guests. There is so much for guests to enjoy in-room and within the communal areas, and we recommend you stay with us to experience the full range of what we have to offer.  Read more about some of our top amenities and facilities, all designed with you in mind.

Leisure & Fitness

Rejuvenate in one of our stunning temperature-controlled swimming pools found across all Stay holiday-homes. Get in a workout at the fully equipped gyms, relax at our gorgeous sauna and steam room or enjoy a refreshing walk along the lush green pathways found across all our properties.

Luxury Kitchen

Our kitchens act as a calm backdrop to your living same with high-quality cabinets and countertops, and minimalist features and colour palettes. Stay by Latinem kitchens come fully equipped with luxury utensils and cutlery. Modern amenities such as electric kettles, microwaves, refrigerators, and washing machines are provided in all Stay holiday-homes to giving you the option to self-cater.

Why the Market is lucrative

Beautiful Interiors

All our holiday-homes are designed to emanate luxury, elegance, and richness. We have given detailed attention to all our furnishings and bedding to ensure the living space and bedrooms are chic, yet comfortable.

Modern Bathrooms

Bathrooms are more than just a functional space. All our holiday-homes bathrooms are functionally designed with exceptional finishing. Luxury toiletries and towels are provided in all the rooms for your comfort.

Technology

Stay by Latinem Holiday Homes have modern technologies to ensure you have a pleasant stay. We provide high-speed internet (Wi-Fi) across all areas and smart TVs (cable access) for your comfort and convenience, while some of our apartments are fully enabled with smart technology.

When you are planning your next business trip or holiday getaway in Dubai, we guarantee that Stay by Latinem is your best choice. We have gone the extra mile to ensure our holiday-homes provide you with everything you need to make every stay enjoyable and memorable.