Dubai Marina has the highest supply of vacation rental accommodation in Dubai and the primary reason is because it appeals to such a broad demographic and has a very high demand. For those looking to invest in high yielding units for short term rentals, Dubai Marina is a great place to start. Here are five reasons why Dubai Marina is so popular for short term rentals.
1. Public Beaches
The Walk in JBR is the most popular public beach in Dubai, and for residents in Dubai Marina, The Walk is on your doorstep. Usually, public beaches are a short drive away from other popular locations or residential communities are located next to private beach clubs with entrance fees.
2. Shops and Restaurants
Next you have the F&B and retail options. In addition to the Walk and Bluewater, the Marina Promenade itself is filled with incredible F&B options. It also has the Dubai Marina Mall in the centre of the Marina which has high end retail facilities and a large cinema. There really is no shortage of entertainment in Dubai Marina.
3. Facility Access
Most buildings in Dubai Marina have open access to the building’s facilities for short term rental guests. Some communities only provide access to these for long term residents, but in Dubai Marina you can pretty much be guaranteed a good quality gymnasium and swimming pool regardless of where you stay.
4. Diversity of Price Ranges
Whilst Downtown Dubai, DIFC, Palm Jumeirah and Citywalk tend to be more premium locations, Dubai Marina has a nice blend of premium accommodation and affordable accommodation. This diversity of supply increases the demand for the area making Dubai Marina a very popular location.
5. Proximity to Commercial Hubs
Finally, for the extended stay market, Dubai Marina benefits from its close proximity to several commercial hubs. Media City, Tecom, JLT, Jebel Ali are all very close by, so if you’re looking for a nice residential community close to your office location, Dubai Marina is perfect for you.