SELF CATERING APARTMENT & VILLAS
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SELF CATERING APARTMENT & VILLAS
DUBAI PROPERTY INVESTMENT
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Dubai Property Investment
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The main route to generate an income has always been long term rental, renting an apartment or villa on a twelve month contract. Long term rental has many cumbersome rules and restrictions, making it inflexible when investment plans or goals change. Some of the points to note when choosing to rent long term are:
DUBAI PROPERTY INVESTMENT
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The main route for investors to generate an income on their investment has always been long term rental, renting their apartment or villa on a twelve month contract. Long term rental has many cumbersome rules and restrictions, making it inflexible when investment plans or goals change. Some of the negative points when choosing to rent long term are: Fixed 12 month term contract Rents can only be increased once annually Notice period of at least 12 months to regain possession Rents increases capped by government regulations Difficult to sell tenanted properties
Short Term Rental
SELF CATERING APARTMENT & VILLAS
Renting property short term can help overcome many of these restrictions, giving an investor much more control, and the ability to rent, sell or stay in their property whenever they want. The benefits of renting in the Holiday Home sector are: 1. 2. 3. 4. 5. 6.
No long term commitment with tenants Great returns on your investment Earn money whenever you want Stay in your property whenever its vacant Sell without cumbersome legal framework to regain possession Increase rents anytime in line with the highly lucrative leisure and tourism market
SELF CATERING APARTMENT & VILLAS
DUBAI PROPERTY INVESTMENT
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Since June 2014 the Dubai government via the DTCM (Dubai Tourism) advocates Holiday Home rentals for short term leisure and corporate stays. Owners can now officially rent their property as a holiday home via a local licenced operator company. The DTCM has added two new categories to their tourist accommodation structure, being Standard or Deluxe Holiday Homes. Licensed operators must adhere to a strict set of rules governed by the DTCM. My Stay Group are an approved DTCM operator. Now is a great time to consider flexible holiday home rental, giving control to do what you want, when you want.
Rent, Sell, Stay when you want
SELF CATERING APARTMENT & VILLAS
ABOUT MY STAY GROUP
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About My Stay Group Founded in 2005 My Stay Group was established to service the needs of the emerging short term rentals/holiday homes sector in Dubai. Over the past 10 years the company has grown to become the longest serving, most renowned companies operating solely in this sector. Benefiting from recognition as leaders in our field with government bodies such as RERA and the DTCM, we hold a respected position within the local business community. Our team all combine to contribute over 50 years’ experience in both international property management and hospitality. With Dubai fast emerging as the leading tourist destination in the Middle East, we are well positioned to provide a full service to both home owners and guests that prefer to rent and stay in private serviced accommodation. Being members of the VRMA (Vacation Rental Managers Association) we are part of an international group of property managers dedicated to sharing best practice ideas and initiatives in this ever evolving industry.
ABOUT MY STAY GROUP
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What We Do Our principal activity is to manage stays of both owners and guests in apartments and villas across the key new areas of Dubai. We currently manage over 100 properties, and handle over 5,000 bookings every year from our easy to find office on Sheikh Zayed Road. Most importantly our local company provides investors with a one stop service to rent their investment property to family, friends and holidaymakers, and also have the flexibility to use the unit themselves for a few weeks of the year, whenever they may choose to do so.
SELF CATERING APARTMENT & VILLAS
We advertise private residential properties on behalf of owners across many global and locally recognised internet portals. We also advertise all managed properties on our own on-line bookings website mydubaistay.com operating since 2005. Our proactive sales operation works around the clock to maximise rates per night and occupancy across our complete portfolio. We operate on a revenue share basis, where the property owner retains 75% of income received.
ABOUT MY STAY GROUP
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The benefits of working with My Stay Group: Established local company with 10 years’ experience Dedicated team of over 30 staff operating 24 hours a day No Set Up Fee’s to list a property Service Fee payable only on bookings Turnkey Furniture and Property set up at competitive rates Compliance to DTCM standards and requirements Consistent proven Occupancy track record High definition digital presentation of every property Full marketing across our global sales partner network Total Guest management from sales, payment and administration, check in, in -house support and check out
SELF CATERING APARTMENT & VILLAS
Full inventory management with damage liability Utility account management Weekly inspections of vacant properties Regular House Keeping with towels and linen change Flexible Owners stay facility Annual maintenance contract for fixed cost repair Regular monthly accountability of income and payment
24 HOUR RESERVATION CENTRE
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24 Hour Reservation Centre Our Reservations Centre and office, located on Sheikh Zayed Road (close to the Mall of Emirates), is an easy to reach point for check in, to properly control the arrival and departure of all guests around the clock. When handling any reservation we are responsible to both owners and the communities in which their property is situated, and ensuring each stay is hassle free for the guest. To conform to the local DTCM regulations our office provides the following facilities: 24 Hour Front Desk at a fixed location Recorded CCTV to ensure safety and security of each transaction Swift Check In and Welcome Information to guests on arrival Passport scanning to maintain records of each staying guest
SELF CATERING APARTMENT & VILLAS
24 Hour telephone and walk in availability for all guest services Mobile Maintenance Team to react to any situation Mobile Housekeeping Team for regular cleaning schedules Booking administration and Payment management Tours and Excursions bookings Car Hire and Airport Transfer bookings
SELF CATERING APARTMENT & VILLAS
DUBAI PROPERTY INVESTMENT
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SELF CATERING APARTMENT & VILLAS
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TEL +971 (0)4 3713000
EMAIL owners@mystaygroup.com
WEB www.mystaygroup.com
First Floor Offices 106-107 (Above CASANOVA furniture) Al Sayyah Building, Exit 42 , Sheikh Zayed Road, Dubai