Dubai luxury holiday homes achieved near-complete occupancy during GITEX Technology Week, according to data released by Allsopp & Allsopp Holiday Homes.
The company reported a 98 per cent occupancy rate across its portfolio, which was 32 per cent higher than the Dubai market average and 10 per cent higher than pre-GITEX levels.
The Average Daily Rate reached AED665, outperforming the market ADR of AED556 and marking a 50 per cent increase compared to September.
French, UK and Saudi guests drive Dubai holiday home bookings during GITEX
Guests travelled primarily from France, the United Kingdom, and Saudi Arabia during the technology conference.
The average length of stay during GITEX week was between five and seven nights, compared to the three to four nights seen throughout the year. Most guests checked in just before the start of the event.
“GITEX continues to attract thousands of international visitors, and our portfolio of luxury holiday homes in Dubai has proven to deliver premium experiences and exceptional returns for investors,” Lewis Allsopp, Chairman of Allsopp & Allsopp said.
“With such strong demand for short-term rentals in Dubai, we encourage property owners to list their homes with us for high-yield, hassle-free rental opportunities,” he added.
Tournament drives rates to AED75,000 per week
The company is experiencing booking momentum for the DP World Tour Championship at Jumeirah Golf Estates. Demand is concentrated on four and five-bedroom villas located within and around the community.
While nightly rates are expected to range between AED5,000 and AED6,000 per night, some golf-view villas are achieving up to AED75,000 for the week during the tournament.
Dubai’s position as a business hub is driving entrepreneurs, corporate teams, and long-stay visitors to the city. New companies are setting up operations and global events are choosing Dubai as a host location.
Many visitors now prefer short-term rentals over hotels, according to the company, the report said.
