HOW DOES AIRBNB & HOLIDAY RENTALS WORK IN DUBAI || REEM FROM GUESTREADY ON DUBAI REAL ESTATE PODCAST

[@TravAlligator]

Great podcast. A few things that I was expecting in this video but were missing: 1) Could have shown a couple of the properties managed by Guest Ready in different areas to give an idea to investors. 2) There was no discussion around how much Guest Ready charges the landlords for furnishing and managing the property. A psf rate would have helped 3) Some approximate ROI - Gross and Net (Studio vs 1 bed vs 2 bed) could have been captured from the top 5 areas that she mentioned. 4) Include on screen text when capturing important pointers as you speak. It helps register in mind much faster. 5) Could have listed all the costs involved after giving the property to Guest Ready before it starts generating income.

[@dubaifinder]

Cost Break down DCT Charges Agreements Insurances Photography Renovations/Furnishings Bills (Dewa/Gas/Services charges/Internet) 20% of charges for Property managemnets ....so, How the owner makes money ?

[@dorbd]

So few issues with this video: 1. To me it looks like a show, a promotion, an ad of a short term rental company. 2. She mention they manage 200 apartments in Dubai. Next thing she said 400! Check it out in the min 30+..

[@fuzzman9298]

they probably paid for the podcast to promote themselves

[@senturi9645]

😂😂

[@karanksk]

Thanks TAHIR - I must appreciate the deep dive into holiday homes market and Guest Ready is a perfect example. I’ve property in JVC lended to a holiday homes and doing wel

[@tahirmajithia]

Thanks 🙏 glad you like the content

[@AEqabi]

Can I ask you what is the unit size and how much ROI you are making? how much are you being charged by the holiday homes company? Thank you for your time.

[@muktibrataroy3927]

Sir, can you please refer your holiday home name in JVC. Thank you.

[@EngrAdeel-sv9vi]

That was a great podcast. Reem answered every single question in detail.

[@tahirmajithia]

Thanks

[@boscodaniel3547]

Well Done Tahir , that was a great show !!

[@tahirmajithia]

Thanks 🙏

[@rubenk1414]

Thank you for this very informative episode, I am thinking of investing in Dubaai and this is very helpful information.

[@tahirmajithia]

Thanks 🙏 glad you liked it

[@MrMsadik]

Thanks Tahir👍🏻 But I would like to inform you that not all holiday homes are safe. I went through a major holiday home cartel and had to fight my way out through arbitration court and evict the crooks. I would perhaps get people to know how to be careful.

[@ZaharaIbrahim-q9e]

In Dubai?

[@sajhussain26]

Great video and great business idea 👏

[@tahirmajithia]

Thanks 🙏

[@sihamwh]

This was very informative and I loved how the guest answered the questions.

[@tahirmajithia]

Thanks 🙏

[@allisonrasquinha]

Super helpful to those looking for information

[@tahirmajithia]

Thanks 🙏

[@UltimatePokeGamer7]

Can you do regular videos on updating us foreigners about the UAE market and when the market will be undervalued enough to invest?

[@tahirmajithia]

Markets still fairly valued in UAE

[@alexsorov1958]

Very informative as always...❤

[@komalparvez4835]

Very informative

[@tahirmajithia]

Thanks

[@rj9980]

👍🏾 nice video It is not clear how landlord will be paid based on guests vists count or fix rent by Gurst Ready on monthly basis? If guest count basis, what % Guest Ready will deduct?

[@tahirmajithia]

Landlord gets paid monthly not a fixed rent but based on the nights occupied and the operator usually takes around 20% of the revenue and 80% goes to the landlord

[@aths4u]

In that 20% ,cleaning fee etc is covered ? Or is it 20% from profit after cleaning fee etc?

[@dejancontent2895]

Me to would like to know this?@@aths4u

[@Kinai89]

Interesting video

[@tahirmajithia]

Thanks 🙏

[@MohamedHassan-wz1gr]

Do you need a trade license to have this business?

[@tahirmajithia]

Yes if you’re managing apartments of other landlords. If you own a property and want to do it yourself then you just need a permit from DTCM

[@The_Tech___]

Bade Bhai jaan Abhi Dubai Downtown an Marina side 1bhk ki buying cost kya hogi? Reply zarur dena Mai Apke boht purana Subscriber hu or Mai Apke sare videos share karta hu so plzz Respect 😊🙏

[@tahirmajithia]

Downtown right now around 1.5 million Aed approximately and Marina around 1.2-1.5 million Aed

[@The_Tech___]

@@tahirmajithia Tysm 🥲🥲🥲

[@AK-rr4mc]

Some misleading information her from interviewee. 1. Dtcm holiday home operator license for property owner is around AED1500 for lifetime and an individual is allowed upto 8 of his own or other's property permits under his personal license. This is way cheaper than yearly renewable license fees for companies.

[@invincible0911]

Hi tahir, I am a citizen of India and I am living in India but i wish to understand if I want to start the air bnb business in dubai what are the visas that I can get? And do I have to buy or I can rent the place?

[@tahirmajithia]

You can reach out to me on [e-mail]

[@huseintambawala4381]

Dubai Property market is totally hyped lots of property constructed and demand is way too less

[@tahirmajithia]

I absolutely disagree. The demand is at an all time high. Occupancy rates are also every high and rents are increasing along with the prices as well.

[@reneschaefer4027]

The market saturation in Dubai has gone so far that the returns are resly ppor now. In the UK I am cuurently getting better returns than in Dubai.

[@dejancontent2895]

I am getting way better returns in Belgrade Serbia. You also have to take into consideration the money transfer fees every month from the UAE, the insurance, etc. But then again, it's highly individual.

[@reneschaefer4027]

Money transfer is not an issue with Revolute. I can transfer money at working day for inter bank rates and there is only a very small fee for foreign country payments. But the rental arbitrage margins are very poor at the moment in Dubai. In Blackpool, in the north of the UK I have much higher returns but on the long term Dubai is still attractive from me because the high season is opposite to the UK and taxes are low.@@dejancontent2895

[@roipropertypathfinderuae]

but is it a big deal to sell a tenanted unit?

[@tahirmajithia]

It gets a little difficult to sell because getting viewings on a tenanted unit is not easy also if someone wants to buy for self use then they need to give the tenant a one year notice to vacate

[@naderelahmr5963]

How to communicate with the manager directer? I tried to connect your company and one if your agents shared my number to brokers to contact me without my permission. I was asking for help to choose property for short term rental. How is that ethical? This agent is a broker which make him bias when giving me advice about the short term rental market!!!!!

[@smm24hpanel9]

❤🎉

[@judywebb8095]

I recently contacted Guest Ready and heard nothing back ….

[@licheng3556]

Guest ready is good, and I am dealing with them for 3 apartment so far.

[@judywebb8095]

@@licheng3556 just sharing my experience

[@narrimanbouchikhi7822]

same here

[@Monika-kravyetz]

;)