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View of Dubai. Photo: Reuters Archive |
The collection of the sun's rays in Tel Aviv or the visit of Dubai's famous shopping malls will come out relatively salty. The combination of high prices of hotels and apartments and strong tourist development has placed Airbnb real estate prices in some of the most expensive Middle Eastern cities in the world, according to Bloomberg
. and Boston occupy the top two places at the average daily rental price of private homes for a second consecutive year. Owners rented to both cities via Airbnb determined an average price of $ 205 and $ 195 per night respectively. But cities in the Middle East are climbing the annual index and this year, five destinations are among the top 15 most expensive global cities. Tel Aviv and Dubai rank respectively fourth and fifth, while Jerusalem, Riyadh and Kuwait are also close to the top.
Dubai's short-term rents, where the average cost reaches $ 185 a night, are likely according to According to Ivana Gazivoda Vukinic of the international property company Chestertons, more than 70% of hotel rooms are located in four-star or higher-end hotels. According to Vukinic's study on Dubai's short-term rental market, the supply of properties to Airbnb has increased more than twice to 3,249 households between August and August 2017, after regulatory mitigation state. sector and hopes to attract 20 million visitors by 2020, against 15.8 million visitors last year, according to data from the Dubai Tourism and Commerce Bureau. Two airlines, sponsored by the United Arab Emirates, Emirates and Etihad Airways, are among the most dynamic carriers in recent years. If Dubai reaches the goal of 20 million visitors, it will become one of the five most visited cities in the world, according to a Euromonitor study.
High prices for goods in Airbnb In Israel, this is probably due more to high housing prices in Tel Aviv and Jerusalem, according to João Kerner, professor of statistics at Ben University. Gurion in Israel. Tel Aviv apartments typically consume at least three quarters of average gross per capita income, says Kerner, who has explored the Airbnb market in Tel Aviv at the request of a group of hoteliers. Real estate platforms want a premium on their profits from renting their homes for the entire year, pushing prices for short-term rents up, Kerner notes. He estimates that Airbnb has helped raise rents in Tel Aviv by about 10%
A number of cities in the world, including New York, have imposed a number of restrictions on the market short-term rents. house prices. Airbnb spokesman, Nick Papas, refuted this idea by saying that it was partly imposed by hoteliers: "It is not surprising that the industry of the 39 hotels are paying for misleading information about our community.The data shows that these claims are simply unfounded, "notes Papas.
Airbnb data show that the average price in Tel Aviv is $ 87, while that in Jerusalem is $ 82, which is a lot less with $ 188 and $ 173 per night, according to Bloomberg . Airbnb uses a different Bloomberg methodology because the short-term rental platform monitors real-time residence prices while the agency monitors advertised real estate prices on the site
L & # 39; Bloomberg index takes into account announced rents in more than 120 cities worldwide. but the highest prices for short-term rentals can be found in small resort destinations, according to AirDNA data. Last year, average prices were highest on the Caribbean island of Saint-Bertélémi and reached $ 1127, followed by Vail, Colorado, with a cost of $ 668, according to data from the United States. AirDNA on homes rented for at least 30 days in a year in cities with at least 1000 real estate listings in Airbnb.
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