Airbnb owners near Burj Khalifa in Dubai can earn an average of AED 4,200 per night, making the city the most profitable Airbnb city in the world.
A new survey found Dubai to be the most profitable Airbnb city, followed by Hilo in Hawaii and Hanoi in Vietnam. Downtown Dubai near the Burj Khalifa was also the most expensive Airbnb location in the world, followed by New York and Edinburgh, Scotland.
New York ranks second for charging the most for Airbnbs, with those near Central Park costing £767 per night. However, owners can still save money if they have a more remote property, as the going rate is £534 per night. This makes New York, as a whole, the most profitable location for Airbnb owners.
And the news is even better for Airbnb owners. At an average of AED 4,200, it would only take four months to break even on the average cost of ownership.
“Dubai is the most profitable place for landlords because it only takes them four months to recover their money after investing in a property,” said CIA owners who conducted the investigation.
“The average purchase price of an apartment in the city is £112,624, which means that only 121 nights have to be sold for this cost to be reimbursed. However, it’s only a profitable location for landlords who have property near the Burj Khalifa, as those further afield rent for just £181 a night.
Airbnb is now a huge global accommodation platform, with six million rooms, apartments and houses in more than 81,000 cities around the world.
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