Dubai sees surge in short-term luxury rentals ahead of World Cup – Doha News
Football fans are snapping up luxurious short-term rent in Dubai for the 2022 World Cup in Qatar in November.
Football fans are looking for short-term rentals in Dubai as an accommodation option for the highly anticipated 2022 FIFA World Cup in Qatar, estate agents have told Alarabiya.
Incoming football fans are primarily looking for luxurious experiences in the neighboring Gulf state, which is about an hour’s flight away.
Some are booking apartments that cost upwards of $410,000 (AED 1.5 million) for the month-long football competition.
Despite Doha’s significant investment in accommodation and hotel infrastructure for the world’s biggest sporting event, multiple reports suggest there may be a shortage of hotel rooms, forcing many to seek accommodation options alternatives in the surrounding Gulf countries.
This was made easier after authorities announced plans to launch matchday shuttle flights between Doha and several regional cities throughout the event, giving fans cheaper and more varied options in the region.
In total, FlyDubai is expected to operate 30 daily return flights between Dubai and Doha, with 24 rotating flights scheduled between Doha and Muscat under Oman Air.
Twenty return Saudia flights will fly from Riyadh and Jeddah, and 10 Kuwait Airways flights will alternate between Doha and Kuwait City.
The increase in flights for the event means that the GCC region, particularly the UAE, will see a major boost in its tourism sector.
According to the Alarabiya report, real estate agents in Dubai are already reporting an increase in demand from clients around the world.
Harry Tregoning of Tregoning Property told Alarabiya that his company had already started asking for rentals in Dubai since last year.
“First of all I hope they have booked their air tickets as one day returns during the tournament on Qatar Air start around $1,200 (AED 4,500 round trip). If that is booked, so staying in Dubai is going to prove to be a very popular destination for fans,” he revealed.
“To rent a normal five-bed villa in Palm Jumeirah, they were looking at lower rates of $61,000 (QAR 222,421) per month and in the Jumeirah Islands no less than $34,000 (QAR 124,176) per month. “
The expert says that even though the rates seem expensive, most of those looking at the luxury apartments are an upscale clientele.
“For four rooms with two adults each, Raffles The Palm is around $68,000 (QAR 247,945) for 27 nights (their max stay is 28) in November and the cheapest for 27 nights currently is The Retreat Palm MGallery by Sofitel for $34,000 (QAR 124,176).
For agents, he added, the tournament will be a huge business opportunity.
Vinayak Mahtani, CEO of bnbme, Dubai’s leading holiday home management company, sees a similar increase in requests for apartments.
“The short-term rental business has done very well over the past 24 months as COVID-19 has noticed many buyers wanting staycations or vacationers wanting a private property and rather less crowded than standard hostels. I think the World Cup in Qatar can even attract a large number of people because Dubai is just where everyone wants to be,” he told the organization.
“It has everything a great vacation spot wants to offer, plus proximity to the World Cup.”
Accommodation options in Qatar
Currently, the host country has approximately 130,000 rooms available for visitors.
Some of them include hotel rooms, floating hotels, villas, apartments, as well as fan villages.
Hotels in Qatar are expected to add around 5,000 rooms ahead of the sporting event, according to a recent report by property consultancy Cushman & Wakefield.
Meanwhile, the number of hotel rooms and serviced apartments is expected to rise to around 45,000 ahead of the World Cup in November.