Positioned of one of the biggest trending topics of 2018 so far, the new visa and business ownership laws have seen a spike in most industries; with the property market receiving a large reassurance. With these changes set to bring more stability to both current and new residents of the UAE, the new 10-year UAE visa laws are predicted to persuade residents to put down roots, which as a result, will show an overall increase in home ownership.
While the new 10-year UAE visas won’t apply to everyone, they will certainly give a large number of expats a greater feeling of security in their adopted country – whether buying to live long term, buying to rent part time, or buying for investment, investing in property in the UAE has not looked so appealing since the crash of 2009. With making a profit still at the forefront of most consumers minds, Frank Porter, Dubai’s premium property management company, has launched to assist Dubai homeowners in achieving these goals – whether they want to short-term rent for a set period of time per month, on going, or between school holidays, Frank Porter is here to help with each and every property rental requirement.
Whilst visa laws and business ownership opportunities are changing, logistics of licensing and operating short-term lets can still be a challenge. With the help of Frank Porter, homeowners can now embrace this profitable opportunity by allowing the company to handle the logistics of hosting and management, permitting the homeowner to reap the benefits without the work. In a world where flexibility is essential, short-term rentals with Frank Porter also give you the option to sell when you please or stay in your own home at the drop of a hat – meaning that if proprietors still have business in Dubai but relocate elsewhere, they can still visit and stay at a place they call home.
Anna Skigin, CEO of Frank Porter comments ‘The time to buy and rent out your property short-term - is now. With the market providing ample investment opportunity, favourable mortgage rates and substantially lower prices - this is the ideal time to invest. Additionally, tourism in Dubai continues to boom with Dubai’s Tourism predicting 20 million visitors in time for EXPO2020. With this in mind, short-term rental is the perfect option for owners wanting to maximize their revenues. Frank Porter is essentially your tool to do this - we simplify the entire process from licensing to guest management - ensuring our clients make the most money in the long-run. This is the time to do it - and we are here to help!’
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