Insight
Occupancy for the first nine days of April sits at 17%, against 85% the same period last year.
The Dubai short-term rental market has drastically changed due to the US-Iran conflict, shifting from a leisure destination to displacement housing. 29+ day stays have tripled, and occupancy has fallen to 17%. Revenue per listing has collapsed to $616. Operators should adjust pricing strategies and understand the implications of OTA policies.
Occupancy for the first nine days of April sits at 17%, against 85% the same period last year.