Sharing My Story of Buying and Renting Out Property on Airbnb in Dubai

Sharing My Story of Buying and Renting Out Property on Airbnb in Dubai

I want to share my journey of purchasing a property and renting it out on Airbnb here in Dubai, as well as my adventures as a newcomer to this vibrant desert landscape.

Let’s rewind to the autumn of 2022 when I made the big move to Dubai after being offered an exciting work opportunity. I vividly remember sitting at home, watching snowfall in April, when the idea of relocating to Dubai popped up. And guess what? I thought, “Why not?” Just a month later, I found myself in Dubai for a week-long visit to explore and experience the vibes. And you know what? It seemed like a plan that could work! Fast forward, and it’s been over a year since I made the move to Dubai, and I’m loving it!

During 2023, I took the leap and invested in a property in Downtown Dubai, a mere 5-minute stroll away from the iconic Burj Khalifa. The process was surprisingly smooth – it felt almost like buying a pair of shoes online, if I’m being honest! I invested around 5 million EUR in a spacious 2-bedroom apartment spanning 95 square meters. As a non-resident, I could also buy with a mortgage for 50% of the property’s value, while residents can go up to 80% of the value.


Initially, I thought I’d manage the rental on my own, but time constraints made me rethink. I decided to partner with a company that handles everything for me in exchange for about 20% of the rental income. And let me tell you, it’s been worth every bit! My only responsibilities now are deciding which bank account to receive the payments in and how often I want them.

I kicked off advertising my apartment on Airbnb in July, which is considered a low-season month. The peak season in the UAE is from November to April. Surprisingly, even without any reviews, I achieved a 100% occupancy rate in August, the very next month after listing the property on Airbnb. And it doesn’t stop there – September also hit 100%, followed by 93% in October.

Check out my apartment on Airbnb: Link to Apartment

In terms of earnings, I’ve raked in about 3,000 EUR per month (after the 20% fee for the management company) during these initial 3 low-season months. But the real jackpot supposedly lies in the high season. For instance, a month’s rental in November costs around 10,000 EUR, while December soars to 12,900 EUR. And the icing on the cake? No taxes on rental income or property value appreciation when I eventually decide to sell – because there’s no property tax in the UAE. The management company estimates a net profit of 42,000 per year.

When it comes to returns, it feels like a pretty solid investment. The AED is pegged to the USD and is considerably less volatile than the EUR. Dubai’s real estate market has seen a 7.5% annual growth over the past 15 years on average, and I can’t help but feel optimistic about its future given the attention this region is receiving. Adding to the excitement, Ras-Al-Khaimah (another Emirate in the UAE) has become the first Gulf city to embrace gambling, and there’s the Dubai Masterplan 2040, a government initiative aiming to more than double the population by 2040.

Got any questions about life, living, or investing in the United Arab Emirates? Feel free to drop your queries – I’m here to help!

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Frequently asked questions

Off-plan refers to the purchase of real estate properties that are still under construction or development, allowing buyers to invest in a property before it is completed and ready for occupancy.

Investing in off-plan real estate in the United Arab Emirates offers the potential for attractive returns and early access to emerging property markets.

Investing in off-plan real estate carries the risks of construction delays, changes in market conditions, and potential uncertainties in the final property outcome.

When investing in off-plan real estate, you may encounter additional expenses such as administrative fees and property registration costs (4% Dubai Land Department registration fee).

Brostrom Properties can assist you in identifying the ideal off-plan investment property by leveraging our expertise and tailored market insights to match your specific investment goals and preferences.

To begin your off-plan real estate investment journey in the United Arab Emirates, simply reach out to Brostrom Properties, and we’ll guide you through the process step by step, making it easy and accessible for you.

Still have questions? Contact us for more information