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Real Estate And Property Rental Options In Dubai
As hotel rates in Dubai are second only to that of New York in terms of average daily rates it is clear that for a corporate or holiday traveller to Dubai alternatives such as shortstay rental have now become a requirement.
The vacation rental market is set to receive a major boost with the handover of the much anticipated Palm Jumeirah Villas and apartments and Jumeirah Beach Residence apartments. All these properties totalling 11,000 units in all will be on the market between December 2006 and February 2007.
With average room rates at $232 US per day presently 1 and 2 bed apartments in Dubai Marina can not only compete with this rate but provide a larger accomodation for those with a family or group.
Presently homeowners are achieving rental returns between 18-25% for shortstay rentals. Those homeowner in the above mentioned projects should be able to also achieve the same returns due to the strong demand for properties on the beach or associated with a signature project such as the Palm Jumeirah.
Another advantage for holiday rentals is that large families can be accomodated in some of Dubai's most luxurious properties including Jumeirah Islands & The Meadows. Weekly rates for these properties that can accomodate up to 14 people start at $3,800 US. With the Dubai market still in a significant growth phase homeowners and renters alike are benefitting from the new options and strong returns that making renting a villa or apartment on a shortstay basis in Dubai good for all.
For Dubai villas and apartments for rent for business or holiday visit us at www.dubaishortstay.com to see the exciting new developments.
Many years of managing rental properties in the US and Europe has brought me to Dubai to take part in an unprecedented period of growth for this region.
Article Source: http://EzineArticles.com/?expert=Lineesh_D'Souza