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Dubai Becomes the 5th Most Expensive City in the World for Airbnb Listings
Dubai Becomes the 5th Most Expensive City in the World for Airbnb Listings

Dubai Becomes the 5th Most Expensive City in the World for Airbnb Listings

Dubai Becomes the 5th Most Expensive City in the World for Airbnb Listings

According to the newest Bloomberg international index, Dubai has change into the 5th costliest town in the international for Airbnb listings. Bloomberg international index thought to be Airbnb listings in greater than 120 towns round the international.

US towns Miami and Boston ranked 1st and 2d concurrently for the 2nd directly 12 months. City of Reykjavik, Iceland stood at third spot and Tel Aviv, Israel is on 4th place.

Also Read: 10 Ways to Make Money from Airbnb in Dubai

According to the index New York homeowners requested for reasonable $205 in step with night time and in Boston the value is $195 for an evening. In Reykjavik homeowners are challenging $194. That is simplest $1 quick to Boston homeowners. Tel Aviv belongings homeowners on reasonable challenging $188 for an evening. Dubai’s quick time period apartment reasonable value is $185 in step with night time.

Bloomberg index additionally unearths that because of 70% of resort rooms in Dubai are four-stars or above. That is the one explanation why of prime averaged temporary apartment room costs in Dubai.

10 Most Splendid and Luxurious Hotels in Dubai

This is fantastic that when a leisure of presidency rules, Airbnb devices has been greater than doubled in Dubai through achieving to a few,249 devices. In 2016, Airbnb additionally signed a MoU with Dubai Tourism division (DTCM) to inspire accountable web hosting inside of Dubai in addition to advertise tourism.

Hadi Moussa, Airbnb’s General Manager for Middle East and Africa, stated: “Initially, it began slowly in the Middle East however we’ve got noticed an acceleration since we signed a MoU with DTCM which has helped develop the choice of listings, particularly in Dubai,

He added: “I think the MoU with DTCM setting clear regulations is a great starting point. Because, it creates a certainty for the host to know that one, it’s legal, and they have clear and simple rules on what they actually need to do to become a host on Airbnb – that’s why we are also seeing the growth in Dubai. Currently, we have 6,700 properties across the UAE. So creating that level of regulatory certainty – that’s very important for us”.

Also Read: 7 Ways to Make Passive Income in Dubai

By revealing corporate’s long term enlargement plan, Hadi Moussa stated that Airbnb has its eyes set on enlargement inside of the area akin to plans to capitalise on the 25 million plus guests anticipated to consult with Dubai for the Expo 2020 and seeking to identify a powerful foothold in Saudi Arabia.

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