Enhancing Summer Rental Occupancy in a RAK Property in UAE: What are the Strategies?
Optimising Short-Term Rentals in Ras Al Khaimah: A Comprehensive Guide
Ras Al Khaimah (RAK), a rapidly growing tourist destination, is set to welcome the Wynn Al Marjan Island resort in 2026/2027, further boosting its tourism appeal. To capitalise on this expected influx, short-term rental property owners can employ several strategies to optimise summer occupancy.
Firstly, offering short-term summer leases of 2 to 4 months, bundled with additional perks such as free utilities, complimentary air conditioning servicing, and optional maid services, can attract tenants seeking hassle-free, turnkey staycations during the hot months.
Secondly, ensuring that properties are fully furnished caters to those seeking convenience without furniture hassles. Furnished apartments are common in tourist-friendly areas like Al Hamra Village and Mina Al Arab in RAK.
Thirdly, early positioning and marketing can help capture upcoming visitor influxes, as the launch of the Wynn Al Marjan Island resort is expected to significantly boost tourism demand.
Fourthly, hiring full-service property management can help maintain high occupancy rates and higher rental yields by professionally handling listings, guest relations, and maintenance.
In terms of local regulations, all tenancy contracts in RAK must be registered through the RAK Municipality e-portal. The registration involves a Dh25 fee plus 5% of the annual rent. Unregistered contracts are not enforceable and may deprive landlords of eviction rights and security deposit claims. Short-term leases, even of 2-4 months, must comply with the Rent Act’s conditions: a minimum 90-day eviction notice and a security deposit of 5% of the annual rent. Unlike Dubai, RAK’s short-term rental regulations do not specifically mention a holiday home permit like Dubai’s DET license, but compliance with tenancy registration and Rent Act provisions is mandatory.
In summary, focusing on providing attractive, serviced short-term summer packages, keeping leases legally registered with the municipality, complying with eviction and deposit regulations, and considering professional management services can help optimise occupancy. Preparing early for upcoming tourism developments is advisable.
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Note: The opinions expressed in this article do not constitute legal advice and are provided for information only.
- In Ras Al Khaimah (RAK), where businesses like tourism are thriving, the upcoming Wynn Al Marjan Island resort is set to further enhance its appeal.
- For short-term rental property owners in RAK, offering summer leases with added benefits like free utilities and maid services could attract a larger number of tenants.
- Fully furnished properties cater to tourists seeking convenience, with areas like Al Hamra Village and Mina Al Arab in RAK being popular for such accommodation.
- To capitalise on the anticipated tourist influx, early positioning and marketing of properties is crucial for short-term rental owners in RAK.
- In RAK, all tenancy contracts must be registered through the RAK Municipality e-portal, with a Dh25 fee and 5% of the annual rent.
- Non-compliance with tenancy registration and Rent Act provisions in RAK can result in loss of eviction rights and security deposit claims.
- Unlike Dubai, RAK doesn't specifically require a holiday home permit for short-term rentals, but compliance with regulations is mandatory.
- For optimal occupancy, property management services can help handle listings, guest relations, and maintenance professionally.
- In the Middle East, the world of investing in real-estate, travel, and lifestyle sectors is a significant opportunity, particularly when focusing on optimising short-term rentals.
- By focusing on attractive, serviced short-term summer packages, registering with the RAK Municipality, adhering to eviction and deposit regulations, and possibly employing property management services, short-term rental owners can maximise their returns.
